Boston Real Estate for Sale

Actually, Chicago’s North Side.

That’s what this MBA candidate did, and apparently he’s had luck on his side.

He bought a three-family rental for $285,000, put in $8,000 in repairs, and held onto it for almost four years.

Now, he thinks he can get $485,000. The neighborhood has been “gentrified” – it even has a Starbucks, now.

The payoff: Potentially $177,037.

And, the kicker: Mr. Burkons does not expect to pay capital-gains taxes because he plans to buy a new property under the IRS’s 1031-exchange provision.

I love 1031-exchanges!

Complete story: An M.B.A.’s Rental Offers a Lesson in Investing – By Jane Hodges, The Real Estate Journal

Contact me to find to set up an appointment to start your Boston condo buying process.

Boston condos

Boston condos for sale


For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

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