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Updated over 4 years ago, 08/20/2020
250k into 1mil loan investment suggestions?
I just sold a house bought in the 80s in South Florida and now have 250k that I need to 1031 exchange into something else in 45 days from August 31st.
I know the markets are tumultuous and ever-changing at this moment in history. So much so that historical data from last year's growth means little for what the market might be in the future. I can't make a big mistake with this money and need to put it into something. I have the flexibility to move wherever in the country to manage the properties anywhere, so distance is no object.
Does anyone have any suggestions on low maintenance options for 250k cash to leverage into a 1mil loan?
I've only ever managed a SFH, but am willing to do what it takes to learn how to manage something with many more tenants (or perhaps self-storage or warehouses?)
Thanks!