A Creative Twist on 1031 Exchanges for Baby Boomers! 🌟 #realestate #1031exchange
Homes are Becoming Unaffordable for the Next Generation. This Strategy Led to a Family Helping their Children Own a Home.
🏡 A Creative Twist on 1031 Exchanges for Baby Boomers! 🌟
With skyrocketing real estate prices, how can our kids afford to buy homes? Some savvy baby boomers are stepping in to help. Recently, we’ve seen parents sell off investment properties and use the proceeds to buy homes for their kids. The kids pay rent, and the parents hold the property as an investment.
✨ The Perks: They can set up a trust, ensuring the property becomes their child’s primary residence in the future. Combining tax codes like Section 1031 with Section 121 allows for some smart financial planning.
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/fpUj4xk
#RealEstate #1031Exchange #FamilyInvestments #GenerationalWealth #FinancialPlanning #BabyBoomers #HomeOwnership #Trusts #InvestSmart
via YouTube