How would you invest $400k?

[Mycah Healey]

Hi BP Community! My husband and I live in Denver, invest here and Columbus OH. We are looking to do our first 1031 exchange for 3 properties and should have about $400k in a single exchange or about $200k in each in 2. We are selling 2 duplexes in Southern Orchards area in Columbus, OH and 1 SFH in the Highlands neighborhood in Denver CO. While the properties in Columbus have appreciated and cash flow nicely, we are loving the appreciation that we are seeing in our local market and think we can maximize our resources better locally. My question for you is this: what would you trade into? How would you go about figuring out the next best thing? We know single family well and have wanted to scale up either in volume of home or into a mid size multifam. There are a few reasons, I'm less than optimistic in Multifamily but it could be that it is just uncharted territory. We are looking to shooting for 12-15% return and are curious if there are other product types people are bullish on that we should consider? We would love other like-minded investor's thoughts on how they would approach the opportunity!