[quote=SK in CV]How long ago? How’d it work out for him?[/quote]
I think the guy was in about mid 40ies back in 1990. Last I heard was he retired at 65 with about 15million from selling his real estate holdings. (Just a normal employee… No management title, no side business aside from is RE holdings.) My parents 401k/retirement was nowhere near that.
I guess the dude kept rolling and rolling the rental through exchanges. I suspect what he might have also done, is moved into each rental and lived for 2years to establish that home as a primary residence to take advantage of the $500k or so exemption. But he must have done that while he was still working
I didn’t want to poke and prod too much at the time, but was just curious for folks financially savy if this could have possibly been the case.
