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Real Estate • January 5, 2024

Growing Wealth

by Amy Tadlock

The San Diego Union-Tribute interviewed local experts on “Building Wealth in 2024”.  The experts, Dick Pfister and Danny Michael, had the following advice:

Concerned about capital gains?

Consider a 1031/721 exchange allowing you to exchange your “existing real estate for ownership in a large institutionally managed Real Estate Investment Trust (REIT).”

Need to complete a home renovation, but don’t want to pay high Home Equity Loan interest?

Consider other funding options: a 401(k) loan, a 0% credit promotion for balance transfers (be sure to pay off before the end of the 0% interest), or use investments with “capital losses to offset capital gains.”

Read more tips from local experts here.

For current market values on your San Diego County property, or information about buying, selling or investing in Real Estate, contact us today!

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