Seeking 1031 Exchange advice

[Richard Chang]

Hi,

Thank you all for your responses in advance.

I am considering selling one of my two rental properties and do a 1031 Exchange.  I’m not an Accredited Investor, so I won’t be able to invest at 1031crowdfunding.

Question #1: Is there any 1031 Exchange crowdfunding web sites for non-Accredited Investors?

Question #2: Is there any NNN 1031 Exchange web sites for non-Accredited Investors?

My rental property’s market value is about $340K and the mortgage balance is $150K.  If I sell it, the proceeds will be around $170K after deducting all associated costs.  Based on my reading at BP, for a 1031 Exchange, I know that I have to purchase a Replacement Property for at least $340K and I have to put all the proceeds $170K into a replacement property purchase to defer tax.

Question #3: If I can provide additional $30K to combine with the $170K (a total of $200K), does this mean that I can only afford to purchase a Replacement Property between  $800K (with 25% down) and $1M (with 20% down)?

Question #4: Is there any NNN 1031 Exchange properties below $1M?

Thank you all very much.

Richard