1031 Exchange and BRRRR

[Heyward Lovett]

Good morning go getters and Happy New Year. Looking for best case scenarios for the following: I have a 1031 exchange to satisfy w/close to $100k in the account. Would you recommend that I look for one turn key property needing little work? Or look to buying as many super ugly properties that all need work until the balance in the account is gone? This BRRRR will be in the Tidewater area (Hampton Roads and Newport News so if you have any contractor recommendations that would be awesome. Thanks in advance for all your responses.

[Whitney Hutten]

@Heyward Lovett what does your QI say you can do? If they aren't educating you on the rules like @Daniel E. explained, you could be playing with fire. Once you know what you can do with the money (which I'm sure you could figure something out), then you can pick from those options.