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Updated over 3 years ago,
What would you do? Need your help!
Hello All,
Need your help….I am selling my rental property in FL on Monday. I am moving the money to 1031 intermediary till I decide what is the best option. House is selling for 660K with 300K in outstanding loan.
Few options:
- Pay 50K in taxes and put the remaining money in VTSAX (Vanguard fund)
- Roll the money into 1031crowdfunding.com or kpi1031 or something similar in 3 different properties and get around 5% monthly cash flow
- Pay 50k in taxes and put the remaining money in Norada Promissory note to get 15% monthly cash flow (I am accredited investor)
- Buy a turnkey property for 660K to 1M – preferably a duplex/fourplex. Not really seeing any inventory so if you have any leads/recommendations would be really helpful.
- Do a syndication deal, but I am not too familiar with it ☹
What would you do? Any other option that you can think of?
Thank you All,
Vishal