Where/What would you invest with $300K in 1031 escrow money?

[Jonathan Serna]

Hi BP,

Looking for some advice from the BP community. We are a few weeks away from the sale of our NYC apartment. This will net us $300K profit that will have to be put into 1031 escrow to defer capital gains tax. I missed the 121 exclusion by 4 months (I know...). We are currently living in Richmond, VA. Ideally we get a multi family in Richmond and call it a day. I want to diversify our portfolio and possibly get a multi fam in Richmond and a STR in a vacation market. My question to you all is... WHAT WOULD YOU DO?