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Updated almost 2 years ago,
First time investor about to do a 1031 exchange with 2.2 million...Help!
Greetings, I'm Nick. I inherited an auto repair business and property in Long Island City, NY. However, I'm not interested in running or maintaining the business. I'm currently in the process of selling the property and anticipate completion within the next six months. Although the property is valued between 2.6-2.9 million, I'm planning for 2.2 million. I'm seeking advice on investing this sum promptly, as I have limited experience in real estate. I'm open to collaborating with interested parties who can provide guidance or work with me on this venture.