New Invester

My husband and I are inheiriting a large sum of money and we’re not sure how to invest it. We were thinking of doing a 1031 exchange into a commercial triple net lease that would require the whole lump sum with a $3,000 income. Or would it be better to buy several different rental (condo/home) properties? Our ultimate goal is to replace my husbands income so he can leave his job. Please advise. Thank you in advance! :slight_smile:

What is the value of the income property that you currently have that you will be doing the 1031 with? Does that property not generate the requisite income you are looking for?

Keith

Howdy Eljnlm:

Check with your CPA but you may not be able to do a 1031 exchange with inherited property and especially with inherited money.

There are many ways to invest and many risk factors and participation levels. A NNN deal in commercial will offer lower return with lower risk levels and zero management hastle for you. There may be good appreciation in the future depending on many factors of course. Some even prefer stock of real estate companies where the investment is more liquid with maybe the same appreciation over time if the company does good. There are just too many variables to say for certain what you should do.