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Updated over 4 years ago, 08/11/2020
1031 to SFH or turnkey property
I want to save ~80K capital gains but not knowledgeable about investing thus seeking help/advice. PlanA: I am thinking of buying a home where I rent and move into it after 2 years. The only problem is where I live homes are 700K, and my 1031 fund is 500K. I will be cash flow negative ($100/month) for the 2 years that I will be renting. Not sure if I need to find investments that give 15% interest (for now and figure out another 1031 when life is little settled). Ideally, I wish to park funds for 2-3 years before I want to think about plan A again. Or I should be implementing plan A now. Any ideas appreciated.