Boston Condos for Sale

Loading...

Retiree Boston Condo Owners: Move to your new home tax-free

Here’s a two-year moving plan for those long-timers who thinking about moving out of their downtown Boston condo and….

  1. Have substantial equity in their home, but
  2. Don’t want to pay any capital-gains tax, and
  3. Want to move out of town – but not sure where, exactly.

This is an adventurous experience, and good for those who are retired and want/need to travel around looking for a new home while seeing more of the world.

Step 1: Rent your house for a year.

Step 2: Go visit/live in your favorite towns. Spend a month in 12 towns, or four months in three towns, etc.  This will ensure that you get a good feel for these destinations before buying a home there.

Step 3: Sell your rental house here, and buy a home in your new favorite town via a 1031 exchange.

Your CPA will recommend renting the new home for a year too, so you’ll be a vagabond for 24 months or longer.  But you’ve wanted to do more traveling – here’s your chance before setting down for the duration!

To really hit the jackpot, go to an area that is cheap enough that you can buy two – one for a rental too.

Ford Realty Inc., Boston Real Estate for Sale

Ford Realty Inc., Boston Real Estate for Sale

Click to View Google Review

Updated: Boston Real Estate 2021

Boston Condos for Sale

Loading...