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Updated about 3 years ago,
What to do with $100k?
What would you do with a $100k in 2022?
I have a family member right now that will need to reinvest the $100k gained from a sale in NJ. They were told that they have about six months to do a 1031 exchange to avoid capital gains tax. Here's some background, they are located in Central Jersey and are looking for something easy that isn't too hard to manage given their age. I heard about triple net leases but I'm not too sure about them. Could this be used for a cannabis dispensary? (just thinking outside the box) Also, could they put this $100k in REITS? What are their options?
Looking for feedback and seeing what can be done with this $100k.
Thanks