What would you invest in with $120k?

[Lidia Bowers]

Hello dear BP community! We are selling one of our SFHs. Closing date is tentatively 5/31. What kind of 1031 exchange would you consider if you have to get a property that is $420k or higher with $120k left to invest? Have a couple of SFHs already with positive cash flow. Have not found a good multi family just yet. I live in Fort Worth, TX. I was thinking maybe should consider some cabins to lease. I appreciate your input. Lidia

[Abel Curiel]

Good morning Lidia,

Part of me says "If it aint broke, don't fix it"... stay on the strategy that has helped you to this point. Find another SFR that can cash flow and continue to rinse & repeat.

Another part says, get some more info from local investors about their experiences with leasing cabins... how do they get leads, what their returns look like.. etc.

Lastly, a good part of me says shut up Abel! you know nothing about Fort Worth's local market haha!... I'd reach out to local brokers to get a sense of what their off-market inventory is like and devise a strategy based on all your findings.

Best of luck to you!

Abel