Burt M. Polson - Commercial Real Estate Broker

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Filtering by Tag: retirement

Retirement, taxes and warm fuzzies - part 2

In my previous article, John and Martha’s desire in their retirement was to refocus their energies from managing their large home and investment real estate. They sold their family home pocketing $1.8 million from the sale. They purchased a condo for $600,000 and invested the balance in a combination of stock and bond ETFs.

The next step in their strategy is to lessen their level of management of their real estate investment portfolio.

Their portfolio provides them stable income of $280,000 per year. This is derived from an 8,000

sq. ft. strip center bringing in $150,000 per year income and a 10 unit apartment building, $130,000 per year. They wish to keep this level of income, pay less in taxes and eliminate the hands-on approach to their investments while maintaining stability.

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