Investment Properties

Investment property is purchased for income, equity growth, asset banking, portfolio balancing, and write-offs/depreciation; offset the costs of renting. Boston is a world class city with diverse economic forces: 150,000+ college students, an extensive medical community, a mature bio/pharmaceutical industry, a world class financial community, an abundance of museums, art galleries, and other cultural enterprises

With condominiums, multi-families, apartment buildings, and commercial properties, there are long term opportunities in Boston. 

Do/will you have a child going to college in Boston? Sometimes the best investment is determined when comparing the costs of renting them an apartment for 3 or 4 years (without any financial upside or quality control of the property) vs. buying a condominium for them to live in. Click HERE to learn about parent/child housing purchases. 

Email [email protected] to discuss your situation.

There are always different exit strategies. What is best for you? An outright sale or a sale utilizing a 1031 Exchange? 

In an outright sale you will have income taxes to pay on any capital gain or the recapture of any depreciation.

A quick 1031 Exchange explanation: A 1031 Exchange allows investors to defer Federal capital gains tax, state ordinary income tax, net investment income tax, and depreciation recapture on the sale of an investment property if certain criteria are met including: 

- Buy a replacement property for equal or greater than the property you are selling and reinvest all proceeds from the sale (Exchange). 
- Identify replacement property within 45 days of close of sale.

- Purchase replacement property within 180 days of close of sale. 

- Must Sell and Buy property that is considered “like-kind” to each other. 

- Process must be handled by a Qualified Intermediary (QI). Qualified Intermediaries are fee based, providing the handling of the funds and transaction format so you stay within the IRS guidelines. Click HERE to learn more about 1031 exchanges. 

By utilizing a 1031 Exchange, there’s the opportunity to create a larger investment by selling (exchanging) this property with another investment property (or properties).

When planning to sell any property, you should think carefully about your exit strategy, specifically your timing and pricing the property to sell (to avoid helping to sell someone else’s property by the wrong timing or pricing). Sometimes the best strategy is the simplest but usually it requires planning. We are happy to speak with you about what makes sense for you; whether an outright sale or rolling your property into a bigger investment for the future.

You should always speak with your accountant to see how any real estate transaction affects your particular situation. 

Email [email protected] to discuss your situation.

Click HERE to set up your search criteria to see what is currently on the market and to see when new properties are listed. This will automatically email listings to you through the Massachusetts Multiple Listing service (the same service that Massachusetts Real Estate brokers use to know what properties are for sale).

Click HERE to explore different neighborhoods to decide what areas you're most interested in.