Just follow the Safe Harbor Guidelines to convert the equity in your building into your Home Sweet Home

For those who’ve been around for a while, this headline might remind you of Maxwell Smart delivering one of his classic lines from the 1960s series, Get Smart. Hilarious humor from the minds of Buck Henry and Mel Brooks that is just as funny today as it was then. But, unlike that comedy series, our headline is not a joke. In fact, it refers to a little known IRS regulation that allows you to exchange your highly appreciated industrial building into your retirement dream home, fully tax-deferred.

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Cashing out is just one of many options to consider

Last week we took a look at a disposition scenario for a highly-appreciated owner/user building in Anaheim. Our example mirrors the favorable situation that thousands of business owners find themselves in after an outsized run-up in property values from 2011 to late 2022. Though values have slipped a bit since then, the numbers are still mind-boggling. Who could have imagined their building’s value quadrupling in 11 years? Certainly not us, as our decades of experience just wouldn’t allow it.

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