We are selling all of our farm land and going to 1031 into investment property. ($7 million, Calif) We are early 50’s and this will be our sole income, we own our home but no other retirement. We are getting different opinions on what we should buy into, for example apartments, mini storage, triple net leases, also if we should leverage up in our new investments. I know that we will need tax write-offs and I’m terrified that we will make the “wrong” decision.
What should we buy for income and tax write-offs? Should we leverage up and take a loan?
Thank you for any advice.
Submitted November 10, 2018 at 11:52AM by gomelgo13 https://ift.tt/2OD9Yob
