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Unlocking wealth in real estate.
- 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