$1m in equity, what to do?

[Rick Rochon]

Hey All,

I would love some thoughts on the following. I have a nice portfolio of properties that I have acquired over the years. Let me frame this by saying I don't have any heirs to whom I want to leave a large estate, so cashflow is most important to me. I am in my early 50's for context on where I am in life. So, I have this one property in particular that has done well on both the cashflow and equity fronts. It cashflows about 5k/mo and has about 1.0-1.2m in equity in an appreciating market. So, my question that I would like to pose to savvy investors out there. Where could I move that equity with a 1031 to get max NOI on an annual basis and how much could I purchase in commercial property with $1.2m? Any thoughts appreciated.