On the clock with a $1 mil in a 1031 - what would you do?

[Mike S.]

Hello BiggerPocket Community,

Long story short on the clock with a low 7 figures in a 1031 - what would you do?  

Currently have small portfolio of rentals that cash flow.  Current market is very low inventory if nothing at this price point for multi families.. 

What should my goal be? how high should the bar be and what kind of measurable(s) should I not lose focus of. 

Bottom line developer came in and paid the premium. 

Thanks for your help BP Community! 

-Mike

[Stephanie P.]

Quote from @Alex Olson:

@Mike S. Would look at a market like KC. Happy to provide you a detailed analysis of what sub markets are like if interested. DM me. 

 Totally agree. We closed a 29 unit building on Benton Blvd earlier this year in a 1031 and it was a cash cow.