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Updated almost 7 years ago on . Most recent reply

Jim Sestito's profile image
Jim Sestito's profile image
Jim Sestito
  • Investor
  • from Cambridge, MA
  • Member since Oct 26, 2013
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Jim Sestito's profile image
Jim Sestito's profile image
Jim Sestito
  • Investor
  • from Cambridge, MA
  • Member since Oct 26, 2013
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Jim Sestito
  • Investor
  • Cambridge, MA
104
Votes |
264
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Buying & Selling Real Estate

Long Term Family Wealth.

Jim Sestito
  • Investor
  • Cambridge, MA
Posted

Hi BP,


Looking to keep an elder family members property in the family as opposed to selling right away and 'killing the golden goose.'  It has been hard to get other members on family on board.  Does anyone have an easy read / article / video / podcast they would recommend showing the power of real estate investing leading to generational wealth?

Thanks in advance,

Jim

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Frank Adams's profile image
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Frank Adams
  • from Loveland, Colorado
  • Member since Oct 31, 2010
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Frank Adams's profile image
Frank Adams's profile image
Frank Adams
  • from Loveland, Colorado
  • Member since Oct 31, 2010
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Frank Adams
  • Loveland, CO
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Frank Adams
  • Loveland, CO
Replied

Obviously I don't know the history of the ownership but why do you think there would be capital gains? There would be a step up in value at the time of death of the owner.

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