How a Small Investment Can Grow Into a Large One

Bob Greene bought a 12-unit apartment house in Beaverton, Oregon. He sold it for $95,000 to a young couple from California who thought it was a bargain. His capital gains of approximately $40,000 were placed into a 1031 tax-deferred exchange. A year later, the depressed Oregon real estate market had begun to pick up. Green: The really hot deals are not offered to people who are novices.