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Unlocking wealth in real estate.

Authors :
Russell, Roger
Source :
Accounting Today; Aug2022, Vol. 36 Issue 8, p27-27, 1/2p
Publication Year :
2022

Abstract

Johnson prefers to work with CPAs and accountants to mitigate any tax consequences of the investment. There's an estimated $6.5 trillion-plus currently locked in investment property in the U.S. Unfortunately, investment property wealth typically isn't managed with the same discipline as investments such as stocks, bonds or other traditional asset classes, according to Rob Johnson, head of wealth management at Austin-based Realized, an investment property wealth management firm. Individuals who are at or nearing retirement face the challenge of having wealth trapped in investment properties with no real strategy to maintain their wealth and create passive income, nor a plan to ease the steep taxes on capital gains when their investment properties are sold. [Extracted from the article]

Details

Language :
English
ISSN :
10445714
Volume :
36
Issue :
8
Database :
Complementary Index
Journal :
Accounting Today
Publication Type :
Periodical
Accession number :
158281410