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Updated almost 3 years ago on . Most recent reply
1.2M in 1031 exchange
I am going through a divorce and will have to sell a SF rental in California. I am looking into taking the money and buying in central Ohio, where I grew up. I’m a complete novice at this - the house was our one time residence that we had been renting the last few years. Any broad suggestions or things to keep in mind as I go forward? I found a broker/property manager who seems knowledgeable. Am I better off with one larger building or a few smaller? Is 6% return realistic? Any input welcome.
Most Popular Reply
Firstly, I'm sorry to hear about your divorce. It's never easy.
As for allocating the capital, it truly depends on your investing goals. Are you looking to be completely passive or a hands-on investor?