Avoiding capital gains tax

[Kevin Lewis]

I took out some equity on one of my investment properties in 2015 and I am going to use it to put a down payment on another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, do I still have to pay capital gains tax on the equity from the 1st property? 

[Wayne Brooks]

There's no cap gains on borrowed money, only from the sale of the property.  A 1031 involves the sale, and subsequent purchase, of a property.