6 Years ago, I purchased 4 acres of property with 1400' of riverfront near the resort community of Sunriver in central Oregon for $50K. Due to the prestegisous nature of the area and a lack of buildable riverfront with that much forntage, the currnet value has risin to $600K. This is an insane compunded annual growth rate and one I find it hard to believe is sustainable. Since a natural disaster like a forest fire could kill the value, I am incliined to pull the plug and sell and divert the money into other investments.
Is there anyway other than a 1031 exchange to avoid/minimize capital gains on the sale?
Thanks,
Bob
Is there anyway other than a 1031 exchange to avoid/minimize capital gains on the sale?
Thanks,
Bob