Real estate investor Dave Allred, who today has ownership in over 1,250 properties, officially retired at the age of 36 to spend more time with his family.
Mark Ainley, whose company owns and manages nearly 500 apartments in buildings like these in the Chicago area, has words of warning for aspiring landlords.
Real-estate investors currently use a like-kind exchange, also called a 1031 exchange, to avoid paying taxes on capital gains when they sell a property and quickly reinvest the funds by buying a new one.
