Tuesday, August 7, 2007
Retirement changes real estate investment strategy
I just sat down with a client who 4 years ago was in the prime earning years and could afford the negative cash flow of his duplex. Now, after he's retired, the focus changes. He is sitting on a good amount of equity and wants to have that benefit him on a monthly basis. A simple 1031 exchange into a single tenant commercial property will take him from negative $500 to positive $2,000. AND no phone calls from tenants about clogged pipes!