Retirement

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New Procedure Provides Additional 1031 Exchange Guidance

A friend and colleague of mine, Jim Livesey, has been my goto guy for exchange information and advice. He sent me the following information about a new procedure that should remove some of the question marks surrounding what does or does not qualify for a 1031 exchange.
To qualify for a Section 1031 Exchange, both the [...]

24Apr2008 | Brecht Palombo | 0 comments | Continued
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Market Snapshot: Somerville, MA Multifamilies

I like to take a look on a regular basis at data and get a feel for what’s happening in real time versus just what’s being reported to me in a general sense. Tonight I looked at Somerville, MA multifamilies. This is an area where I began my career and where I’ve sold a number [...]

17Apr2008 | Brecht Palombo | 0 comments | Continued
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Local Investor Retires From Real Estate: Refuses to Pay Taxes

Today one of our clients made another step towards retiring from his real estate investments. We closed on 150 Summer St a six-unit building in Malden, Mass. When we first sat down with this owner he was stuck. He knew he had to sell, his life plans don’t include collecting rent forever. After 20 years [...]

2Apr2008 | Brecht Palombo | 0 comments | Continued
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