Sold a property and doing a 1031 exchange
We sold our property in Gainesville Ga and we are looking to do a 1031 exchange for the next one. Sold at 170k so we need to stay in that price or higher, we wanted to buy two rentals may be do a brrrr and one turn key in an area that we can afford, house needs to be less than 100k. We know we can’t find anything in Gainesville or Gwinnett county for those prices so which areas are good for rentals around Atlanta? I was thinking maybe an upcoming neighborhood in the west side since is still cheap (saw a couple in grove park) May be some areas of Decatur? Lithonia? Conyers? Should we stick to the 1% rule? Any recommendations???? thanks.