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Updated over 2 years ago,

User Stats

46
Posts
29
Votes
Jemma Jacques
29
Votes |
46
Posts

Advice on current market

Jemma Jacques
Posted

Hi there, wondering if someone can help me, I sold a property recently and put the profits into a 1031 exchange, my goal was to buy three more cash flowing properties but then last week I was let go from my job of 20 years so the interest rates have gone up so much the properties don't cash flow anymore.

I was going to take out the money and take the tax hit (Im in CA so it is so much money) I only have a few more days to decide but I was thinking about investing it into a DST instead... any thoughts on this? would this be crazy in the current environment?
Any advice appreciated

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