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1031 Exchanges Concierge Services

Tailored Solutions for Investors, Title and Escrow Companies

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Our 1031 Exchange Concierge Services

Comprehensive Support

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Complete oversight
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An easy and hassle-free exchange process
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Advice from Tax specialists

For escrow and title companies, the management of 1031 exchanges can be complex and time-consuming. From the opening of the transaction to successfully closing it, full-service support includes expert handling of all documentation, making sure all IRS rules are adhered to, and coordination among all the parties involved.

Because a 1031 Exchange transaction is basically a property swap, soon after selling the first property, the real estate investor must identify the next property. According to the IRS, you have 45 days from the date you sell the relinquished property to identify potential replacement properties (no more than three properties), and our qualified intermediaries ensure you meet these critical deadlines.


Customized Strategies

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Custom strategies
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Our personalized service solutions
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Customized 1031 exchange solutions

Each title and escrow company operates differently, serving clients with diverse needs and expectations. Customized strategies in 1031 exchange services are not just beneficial but necessary to meet the specific requirements of each investor. Our qualified intermediaries tailor our services to align with your company’s procedures, and business goals ensuring that the complexities of 1031 exchanges are managed effectively without disrupting existing business processes.

1031 Exchange Concierge Service for Title and Escrow Companies

Our 1031 service for Title and Escrow Concierge is a tailored approach, acknowledging the different needs of your business that generic solutions cannot fulfil, so we provide comprehensive management of the 1031 exchange timeline and process – from the identifying potential replacement properties to making sure you meet all your compliance needs until the finalization of the transaction.

For title and escrow companies, 1031 exchanges are just one part of managing a sophisticated real estate market. By partnering with our concierge service, your company gains an ally with deep expertise in the 1031 exchange process, 1031 exchange timeline and a comprehensive understanding of the real estate market and IRS regulations.


Compliance with IRS Regulations

We make sure you adherence to the stringent Internal Revenue Service (IRS) rules and timelines associated with 1031 exchanges.

While a 1031 Exchange can be an excellent strategy for deferring capital gains taxes, there are some requirements to consider to ensure that you dont exceed the 180 day window, contact us to get in touch with our qualified intermediary and real estate tax professionals.

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Improved Efficiency and Less Stress on Your Team

When your company’s internal team was stretched thin managing day-to-day escrow activities, leaving little bandwidth for the detailed attention required by 1031 transactions, we help you by taking over the burden of advanced and sensitive 1031 exchange options.

The lack of specialized knowledge in handling 1031 exchanges led to longer processing times and increased client frustration, which in turn impacted client retention rates.

How It Works

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Tailored Reporting

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Dedicated Account Management

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Escrow Reconciliation Services

After the initial consultation, we come up with the right 1031 exchange for you. We overview the management process, highlighting ease and professionalism making sure we communicate regularly on timelines, needs and achievements. For title and escrow transactions, custom reports that align with client internal processes and audit requirements are necessary. We also offer support for escrow reconciliation to further simplify client operations.

FAQ

What are 1031 exchange Timelines?

According to the IRS, “you have 45 days from the date you sell the relinquished property or exchange property to identify potential replacement properties.” In addition to this 45-day rule, you must close the new property within 180 days of from the date the Relinquished Property is transferred.

What are 1031 Exchange Proceeds/Funds?

When discussing “1031 exchange proceeds” this typically refers to the money or capital gains that are set aside during this transaction process to be reinvested into another property. These funds must be used to purchase the new property in order to benefit from the tax deferment.

In a broader sense, “1031 exchange funds” can also refer to pooled investment vehicles that specialize in utilizing 1031 exchanges for groups of investors. These might be structured as Delaware Statutory Trusts (DSTs) or Tenants in Common (TIC) properties, where multiple investors contribute funds to hold fractional ownership in large, often commercial real estate properties. This allows individual investors to participate in larger, potentially more lucrative real estate deals while still benefiting from the tax advantages of 1031 exchanges.

When is a qualified Intermediary Paid?

A qualified intermediary fee is payed at closing from the net sale proceeds from the Relinquished Property sale and the exchange funds are held in a separate account for the benefit of the Exchanger until used to purchase Replacement Property.

What does a qualified Intermediary do?

The qualified Intermediary is a neutral third party that safeguards the exchange funds on behalf of the investor until they are used to acquire a replacement property. The QI also handles the 1031 exchange accounting and paperwork to ensure that the exchange requirements are met.

Do I need to recognize a gain or loss for like-kind exchange?

According to the Internal Revenue Service, “if you make a like-kind exchange, you are not required to recognize a gain or loss under Internal Revenue Code Section 1031.

What is a replacement property?

1031 replacement properties are real estate that is acquired in a 1031 exchange to replace the property that was sold to defer capital gains taxes. Both the sold property (relinquished property) and the newly acquired property (replacement property) must be of “like-kind,” which generally means they are both used for investment or business purposes, though they don’t have to be of the same type or quality.

Can 1031 exchange help me defer taxes?

If structured well, 1031 exchanges makes it possible to defer federal and state capital gain taxes, and recapture deprecation on relinquished investment property.

Can i 1031 exchange a primary residence?

You can not exchange a primary residence. The property you sell must have been an investment property. The IRS defines a property as a primary residence if it’s used for personal purposes during the tax year for more than the greater of 14 days or 10 percent of the total days rented to others at a fair rental value. There are some exceptions, making it possible to live in a property acquired through a 1031 exchange under certain conditions

What are California 1031 exchange rules?

The 1031 exchange rules in California must be followed in order to qualify for the capital gains tax deferment. Those rules are that the property cant be a primary residence, the second property has to be Like-kind, and the replacement/investment properties must be identified within 45 days from the date of sale of the relinquished property.