Help! Time is running out

[Kim L.]

I've been a long time residential real estate broker in Texas but fell in love with teaching in 2008.   One of our investments that generated a substantial income from years ago recently sold, so now I have just a few weeks to identify replacement property of just over $2M.  I had to put my real estate broker hat back on and am looking for investment ideas that will generate income again.  It's a much different market now than in 2008 of course, so I'm exhausted trying to decide which way to go.

Should I focus 100% on commercial real estate, or divide it into residential, vacation, and commercial?  

Which has the overall better return for a long term investment?  

Thanks for any input:)

[David Miller]

You can identify multiple potential replacement properties in different asset classes as part of a 1031 exchange...you do not have to purchase them all but you do have to identify them within your 45 day window.  There are also investment groups and brokers that focus on helping buyers that need 1031 replacement properties - a few inquires on BP will likely yield result for people who can assist you.