1031-Exchange Case Study Before Retirement #realestate #1031exchange #retirement #1031explained
1031-Exchange Case Study Before Retirement. A Vacation Home and a Rental Property?!
🌴 Embracing New Horizons with 1031 Exchanges! 🏡✨
As the baby boomer generation steps into retirement, many are rethinking their living situations. Recently, a client sold a $2.5M apartment building and made a smart move. They used $500K to buy a vacation home in La Quinta and the remaining $2M to invest in another apartment building.
🌟 The Plan: Hold the La Quinta home as a vacation rental for a few years, then eventually make it their retirement haven. Meanwhile, the new apartment building continues to generate income.
📈 Why It Works: This strategy not only diversifies their investments but also sets them up for a seamless transition into retirement without hefty California living costs.
Link to the full video: https://youtu.be/dfawO-71cqc
Contact:
Greg Burns
Senior Vice President
Investment Property Exchange Services, Inc. (IPX1031)
(626) 233-2773
https://ift.tt/EoK1rDF
#RealEstate #1031Exchange #RetirementPlanning #InvestSmart #BabyBoomers #FinancialFreedom #PropertyInvestment #DesertLiving #vacationhomes
via YouTube