What would you invest in with $120k?

1031 Exchanges
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What would you invest in with $120k?

Lidia Bowers
Fort Worth, TX · Member since 2017 · 11 posts · 3 votes
Hello dear BP community! We are selling one of our SFHs. Closing date is tentatively 5/31. What kind of 1031 exchange would you consider if you have to get a property that is $420k or higher with $120k left to invest? Have a couple of SFHs already with positive cash flow. Have not found a good multi family just yet. I live in Fort Worth, TX. I was thinking maybe should consider some cabins to lease. I appreciate your input. Lidia
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Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
8y

Good morning Lidia,

Part of me says "If it aint broke, don't fix it"... stay on the strategy that has helped you to this point. Find another SFR that can cash flow and continue to rinse & repeat.

Another part says, get some more info from local investors about their experiences with leasing cabins... how do they get leads, what their returns look like.. etc.

Lastly, a good part of me says shut up Abel! you know nothing about Fort Worth's local market haha!... I'd reach out to local brokers to get a sense of what their off-market inventory is like and devise a strategy based on all your findings.

Best of luck to you!

Abel

REbuild Team - eXp Realty5234 Reviews
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  • Abel CurielBusiness Member
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    8y

    Good morning Lidia,

    Part of me says "If it aint broke, don't fix it"... stay on the strategy that has helped you to this point. Find another SFR that can cash flow and continue to rinse & repeat.

    Another part says, get some more info from local investors about their experiences with leasing cabins... how do they get leads, what their returns look like.. etc.

    Lastly, a good part of me says shut up Abel! you know nothing about Fort Worth's local market haha!... I'd reach out to local brokers to get a sense of what their off-market inventory is like and devise a strategy based on all your findings.

    Best of luck to you!

    Abel

    REbuild Team - eXp Realty5234 Reviews
    WebsiteView Page
    2Reply
  • Omar Khan
    Rental Property Investor · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
    8y

    @Lidia Bowers You've received a good response from @Abel Curiel. I would urge you to not get too caught up in the hype about investing in one particular asset type - multifamily, mobile home parks, self storage or cabins. 

    IMO, you best bet is to define your goals, objectives, liquidity constraints, budget and time commitment (how active or passive you'd like to be). Once you have those parameters, you will be in a much better position. 

    But also as Abel says, "If it ain't broke, don't fix it." :)

    2Reply
  • Bob Prisco
    Specialist · Cleveland, OH · Member since 2018 · 1k+ posts · 666 votes
    8y

    I would purchase more rentals in the burbs of Cleveland, and earn on avg 13%  net  per year . 

    0Reply
  • Mike Krieg
    Investor / Syndicator · Austin, TX · Member since 2015 · 366 posts · 220 votes
    8y

    MHPs and storage.

    0Reply
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