The IRS issued new guidance Thursday night that granted extensions to all taxpayers in 1031 exchanges with a 45-day Exchange period or 180-day Exchange period deadline between April 1st and July 15th, 2020. These investors will have an automatic extension to July 15th.
Once you know and understand the basics of senior housing as an investment opportunity, it is clear why some people see this type of real estate as an attractive area to invest in. Additionally, senior housing is recognized within real estate portfolios as a way to diversify across other core properties.
The Baby Boomers: 76 million people currently between the ages of 53 and 71 who are significantly impacting the U.S. economy. This group is not only increasing the demand for certain services and goods, but because of their spending habits, they are boosting the economy in a way no other generation has the ability to do.
Selling an asset for significantly more than you paid to acquire it always brings gratification. You’ve made a good investment and earned the reward. I’m sure you have plenty of ideas for how you’d like to use it: save it, get out of debt, pay for that item that has so far been out of your financial reach, reinvest it, etc. Oh so many options…