November 2016 was a month to remember. The election results surprised many, if not most. But, for real estate investors and professionals, the "Trump Bump" that occurred after the election was arguably the more impactful event. Over the two weeks following November 8, the 30-year, fixed-rate mortgage increased 50 basis points to a rate of just over 4 percent. Not since the summer of 2015 had we seen the mortgage rate above that level for any meaningful amount of time.
Near the end of 2016, the California Board of Equalization issued a ruling on a 1031 exchange transaction involving a limited liability company that distributed its interests down to the members prior to a sale in order for one of the members to complete a 1031 exchange - a "drop and swap".
