In April 2021, President Biden announced the "American Families Plan," which proposed to cap like-kind exchanges for gains greater than $500,000.

In the world of 1031 exchanges, it’s difficult to know where to begin. One option to consider is a Delaware Statutory Trust. Although not a new concept, current tax laws have made this type of investment an increasingly popular option that could be worth looking into for 1031 exchange investors.

What is it and why is it the preferred approach?

1031 Crowdfunding, LLC announced today that on Sep. 1, 2021, through its affiliate 1031 CF Properties LLC, it acquired a 40-unit / 60-bed memory care center in Sedro Woolley, Washington.

You have probably heard that when you go through a 1031 property exchange it's necessary to replace the previous mortgage amount. We refer to this as the debt replacement principle. This means the new mortgage for your replacement property must be equal to or greater than the amount owed on the relinquished property. If the new mortgage is less, you must elect to replace the remaining amount of debt with an additional cash contribution.