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Updated over 7 years ago on . Most recent reply

User Stats

9
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Qi Ming Chen
  • Flipper
  • Irvine, CA
23
Votes |
9
Posts

Strategy for $750,000

Qi Ming Chen
  • Flipper
  • Irvine, CA
Posted
I am in the early stage of selling a multifamily with a net proceed of around $750,000 in a 1031 exchange looking for passive investment strategies. The OC market where I live seems very competitive and I was wondering where you guys recommend I should be looking to invest. I am pretty hands off and would like to leave any rentals to property management companies.

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2,055
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1,387
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
1,387
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2,055
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
Replied

Sorry @Jordan F. please check your facts. Real Estate has to be exchanged with Real Estate.  I just came from a meeting with @Bill Exeter, so it is very fresh in my mind. Land,sfh, mfh, retail property, office space, industrial, storage, warehouse, etc.  These are all RE and can be 1031 exchanged to each other.

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