Multiple Rental Properties

Question:

I own several rental properties, each with a market value, purchase price, and mortgage. Is it possible to control the timing of sale of each property?

Answer:

There are two things you can do.

Combine the value of the properties into one and enter the average year of disposition. This will work if the disposition of the properties will occur over a few years in the future. For example of you plan to dispose of the properties within a 5 year window, say 2020 to 2024, you can use 2022 as the average year of disposition. This will not make a material difference in your retirement plan.

The other way is to enter the after-tax disposition of each property as 'Other Assets' on the Financial Information page. The disadvantage is that you won't see the full value of these assets in the net worth until the years of disposition.

Browse More Articles

Tweet

Written by RetireWare / Equisoft