First Investment with 1031 Transfer involved
Hi all,
Looking to invest in my first investment property, I have a property I am selling in ME. and wanting to invest in Conway NH area where I now live. My property in ME has a pending offer in which we accepted just waiting for corrected paperwork. So I have only 45 days to find property to in vest in. The realtors in my area are very discouraging when it comes to rental properties as most are very high dollar weekly rentals. I will have around $100,000 to invest and want to find a property in the same range. In this area there are condo, mobile, single family, but very few multi family homes. It seems hard to find long term rentals in this area. Which I thought would be of benefit to me since I would be looking to rent long term. I hate the feeling of being rushed by the 1031 transfer. Any ideas , advice, words of wisdom offered would be greatly appreciated.
thanks
Keith