1031 Farmland Exchange

Mike owned a labor-intensive hog farming operation in Iowa and sought to reduce the hours he was working and gain an increase in cash flow. He and his son owned several parcels of farmland in corporations, LLCs, and individually.

Corcapa 1031 Solution:

For each of the entities that were sold, Mike elected to do a 1031 exchange into several DSTs for diversification. The DSTs purchased were multifamily assets in Denver, CO, Alexandria, VA, Myrtle Beach, SC, Corporate Headquarters for a major coffee retailer, several healthcare assets, a grocery store, and a senior care facility. The client is enjoying significantly more passive cash flow in the DST investments than he was earning while working as a hog farmer.