Is the 1031 and large apartment complexes DEAD?

[Steve Borawski]

Howdy All,

So it looks like Biden is going to limit the 1031 exchange, if it passes. You will be able to shelter only $500,000 of capital gains per year. This may be a huge blow to large multifamily investing and may push investors into smaller multifamily and single family as they may allow for more flexibility in staying under the cap. What do you think? Is the large apartment complex dead?

Steve