Updated about 1 month ago on . Most recent reply
I need to spend $1 million
I just sold the property in California and I need to do a 1031. I have experience with short-term rentals, but I need to get out of California. Where can I find a property worth 1 million bucks that gives 15% cash on cash? Or should I buy two at 500? Or heck should I buy one of at 500 and buy a duplex triplex somewhere in the Midwest as well?
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Mike Grudzien
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Mike Grudzien
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
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- Eugene, OR
You are doing a 1031 and you didn't identify a property in advance?