1031, $5M cash, targeting $10M+ buy, need help
I’ve suddenly found myself in a situation for deploying family real estate capital via a 1031 exchange (family health and bad partnership situation forced this into my hands fast) and a bit lost. I’m trying to figure out the ideal replacement property structure. Timeline, will sign a psa for the relinquished properties next week and try to close on something before end of year
\~$5M in equity, targeting properties $10M+. Trying to sort through these options:
Look for something simple sole ownership nnn/managed?
DST as a partial or full solution? Worth it for a 1031 under time pressure for passive/no-control tradeoff?
Syndication/co-GP, private equity — has anyone participated on one of these and would do it again? Do these always look to exit in 5-10 years and then just find something to reinvest after that?
General: if you were in my shoes thrown into this fast, limited time, not really looking to do all that much work as I have a full time job so if buying something solo will need to find a property manager etc.
Thanks in advance