The increasing aggravation of owning and managing real estate in one's retirement is well known. Almost everyone begins to become resentful of the time, the uncertainty, the tenant complaints, the regulations, the liabilities, etc. that are part of real estate management in the older years.

Additionally, the cash flow isn't great. At 75 years old, who wants to be sitting on $10 million of income property that only produces 4% taxable return? The kids don't care about it. You need income more than you need growth. In many cases, the basis is low and the depreciation that you enjoyed is depleted.

What are the options?

Traditional option # 1
If you sell the property, you have to pay taxes on the gain. You hate paying the taxes, but even worse, if you pay the tax, what is left over to invest doesn't give you any more income than you had before, so you gripe about it and keep the property.

Traditional option # 2
You can do a 1031 exchange. The problem is, that you are just trading one set of headaches for another. So, it's better to deal with the devil you know than the one you don't. So you sit on it and gripe some more.

Traditional option # 3
No, not the TIC (Tenants in Common) that was so popular a few years ago, but turned out to be a catastrophe for so many. TIC's were never a good idea.

The New CPR Option

We can help you to:

1. eliminate your headaches
2. defer and avoid the tax
3. get out of the properties that you own
4. increase your cash flow
5. simplify your life
6. allow you to do your travel, your estate planning and help the grandkids

Give us a call to let us show you or your advisor how the plan will work for you.