We are thinking about selling our rental property and not doing a 1031 exchange. What are your suggestions on where to place that money after?
Equity after capital gains tax and realtor fees would be in the neighborhood of $95,000-100,000.
Answers | 1
Now, if you are not planning on any large spending in the short term and are looking to invest for the longer term, I would suggest you consult with a financial advisor to explore all of your options. Depending on your time horizon, risk tolerance, goals and overall financial situation, it is all about finding an investment strategy that is suitable for your specific situation. Without knowing all the details about your individual needs it would not be possible to properly advise you on how to invest.