What would you do If you had 1031 exchange $ to invest in 8 days?

[Amy Lingenfelter]

If you had $264K cash in a 1031 Exchange to spend on a value add & cash flowing deal, where would you look? The deal would have to me a minimum of $525K. If you had a week to invest, what markets would you invest in? Who would you talk to? I would think Indiana or Ohio, but what would you do?  I'm open to all ideas and options as long as it's not illegal.

Thanks for your perspective,

Amy

[Steve Vaughan]

A motivated/desparate buyer rarely makes a good purchase.  $264k isn't millions.  Don't let deferring a few bucks in taxes and recapture wag the whole investment. 

7 days to close or 7 days to identify?  

The deadline has been looming for a while.   What other research have you done?  Just randomly naming two cold and snowy cashflow markets?  What asset type do you like?  How involved do you want to be?   How far are these markets from you?  Know a good PM? Have a team?  Did you eat lunch yesterday?

What would I do if I had 7 or 8 days left?  Rely on my previous research and be gliding into the home stretch vs starting from scratch like it's the first month of 4th grade at a new school or something.