Your Money: December
From December 2005
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Tenants-in-Common Real Estate
How to Trade Toilets and Trash for Travel and Time Off
By Betsy Hartwell
With more than 3 million baby boomers turning 60 every year, concerns about retirement, investments and real-estate choices are increasingly visible. Owners of investment real estate want to make sure they capitalize on the market’s double-digit appreciation; many owners who have collected rental properties over the years as income for their retirement would like to sell, if not for their tax concerns.
They’d willingly trade the “three T’s” of property management — toilets, tenants and trash — for a happier scenario of tennis, travel and time off.
No one wants to lose a significant portion of their profits to unnecessary taxation, so tax-efficient strategies are critical to fully realizing property appreciation.
Sellers Need Alternatives
Continued...
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