What to do with $100k?

[Max Cordova]

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

[Kyle Keller]

@Max Cordova

Have they set up the 1031 exchange with a qualified intermediary? If not they can't do a 1031 exchange if they've already gotten the money from the deal. If so the intermediary should be able to help with what they can and can't put their money into. You can do a 1031 exchange between similar holdings - stocks to stocks, real estate to real estate.

I'm no 1031 expert, but those are some basics I know.