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Updated about 3 years ago, 12/15/2021

John Arnold's profile image
John Arnold's profile image
John Arnold
  • from Kalkaska, MI
  • Member since May 18, 2020
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John Arnold's profile image
John Arnold's profile image
John Arnold
  • from Kalkaska, MI
  • Member since May 18, 2020
Connect
John Arnold
  • Kalkaska, MI
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4
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1031 Exchanges

1031... Please help

John Arnold
  • Kalkaska, MI
Posted

I am closing on the sale of a rental that is going to profit 100K, so I have about 125K check that is coming to me later this week!!  What should I do If I don't have a property identified at this time to reinvest.  I think I read that the money needs to NOT be in my custody!!??  What do I do with it then?  Any suggestions as to where I can "invest" it, if even for a short time.  Located in Northern Ohio.

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