Hello from Sioux Falls, SD

[Melissa Chinn]

Hello! And thank you for reading my post, and for any advice you may have to offer me. I am a single 32 year old, no children. Born & raised in Salinas (Monterey), CA. Have lived in Sioux Falls for 12 years. My father passed away when I was 10 (1992) and left my 3 sisters and I with farmland in Salinas. Recently, we were approached by an interested buyer, he paid the full appraised value. We just closed on Thursday, July 3. I started off convinced to pay the taxes, and put the money in an investment plan, where I would have at least $25k per year to live off (interest) while the remainder of the money grows for retirement. After speaking with my accountant, I decided to put the money in a 1031 hold, as I cannot stomach giving the government such a large portion of the money. So now I am diving head first into the real estate market, and am looking for advice as to the best places to buy, the things to avoid and anything else that I may need to learn or know!