Sweatshops Sweating Biden's 1031 Tax Break Elimination?

Curious how much Joe Biden's proposed tax plan is causing smaller shops to worry. From what I understand a large portion of these smaller broker's deals revolve around the world of like-kind property swaps. How much change would the revision cause? 

2 Comments
 

Everyone in middle market core would be fucked.  Here is the cycle, buy property, property market becomes hot, increases in value, property becomes old.  You owne like 1-5 of these so from a risk perspective it makes sense to sell to someone who does a lot of value-add, you sell to value add company, you buy more stabilized buildings that are core-core plus, until they become value add buildings.

 

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