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1031 exchanges are a tax shelter in which you trade your ownership of appreciated assets, such as stocks and real estate, for proceeds that can be used to reduce taxes. In order to avoid penalties associated with trading different types of securities back and forth between the time periods allowed by law (like 2016 or 2022), it’s important to pick an exchange company that is reputable. Here are six recommended companies that have been providing 1031 services since long before they became popular.
The “best 1031 exchange companies near me” is a question that has been asked by many people. The 6 best 1031 exchange companies for 2022 are listed below.
While all 1031 exchange businesses may assist you with a like-kind exchange, the choice to choose one over another is based on the transaction’s complexity and if you need extra services.
The six greatest 1031 exchange businesses are listed below, along with what each one is excellent for:
IPX 1031: The Best 1031 Exchange Overall
Due to an unrivaled degree of in-house experience, IPX 1031 is our pick for the greatest overall 1031 exchange, backed by the power and reputation of Fortune 500 member Fidelity National Finance Company. Investors, lenders, and real estate professionals may use it for 1031 exchanges as well as title and settlement services. IPX 1031, the nation’s biggest certified intermediary, has been providing 1031 exchange services for more than 20 years.
IPX 1031 has a fidelity bond of $100 million and liability insurance of $30 million, which includes mistakes and omissions. For sophisticated exchanges, the business operates a separate national office.
Costs of IPX 1031
Costs of IPX 1031 vary by the exchange’s type, complexity, and location. You can connect with a representative through the IPX 1031 website for more information on costs and fees associated with your specific exchange.
Go to IPX 1031.
Best for Online Services: First American Exchange
First American Exchange has an edge over its rivals when it comes to thorough information regarding 1031 exchanges available online. Not only can you ask questions directly on the internet, but you can also access resource libraries, calculators, movies, and webinars. Furthermore, the business is publicly listed and follows tight 1031 exchange laws.
First American Exchange invests in institutions with investment-grade ratings that are guaranteed by the Federal Deposit Insurance Corporation (FDIC). For real estate agents and mortgage businesses, First American Exchange provides title insurance and complete settlement services, as well as 1031 exchange services for investors.
Costs of the First American Exchange Company
Go to the First American Exchange website.
Wells Fargo Commercial is the best option for extra banking services.
Because of its wide range of banking, notary, mortgage, and financial advising services, Wells Fargo is a great option for consumers that need more than simply 1031 exchange services. Wells Fargo’s 1031 exchange program allows investors who already have a connection with the bank to retain all of their financial activities in one place.
Wells Fargo is fully bonded and covered by liability insurance, as well as errors and omissions coverage. The 1031 exchange monies are deposited into in-house FDIC-insured accounts. In addition, Wells Fargo has a staff devoted only to like-kind swaps.
Commercial Costs at Wells Fargo
The cost of a Wells Fargo 1031 exchange varies based on the nature, complexity, and location of the transaction. Customers who bank with the firm get a reduction on their costs. For additional information on Wells Fargo’s 1031 exchange services, go to their website.
Wells Fargo Commercial may be seen at www.wellsfargo.com.
Best for Tax and Business Planning Services: Strategic Property Exchanges LLC
Strategic Property Exchanges LLC is an excellent alternative for firms searching for full tax and business consultancy services as well as a 1031 exchange. The firm examines your present tax status and develops a tax and business plan that is unique to you. This involves reorganizing your real estate assets, organizations, and partnerships to optimize tax advantages, save expenses, and assist you meet your real estate investment objectives.
Strategic Property Exchanges LLC, in addition to the usual exchanges given by all of the organizations mentioned below, additionally provides the following exchange services:
- Changes in federal tax regulations may allow part or all of the gain on the sale of a vacation or personal use property to be tax-free.
- Tenant in common exchange: This arrangement enables the new owner to earn a monthly income as well as a share of the profits from a much bigger real estate development.
- Foreign-owned property exchange: These are properties in the United States that are held by foreign persons and are subject to extra tax withholding requirements.
- Property held in another country may be exchanged for a like-kind property in another country.
Costs of Strategic Property Exchanges LLC
Pricing and prices might vary according to the range of 1031 exchange services and the extent of customisation for your individual requirements. For additional information, go Strategic Property Exchange LLC may be found on the internet.’s website or contact a representative.
Strategic Property Exchange LLC may be found on the internet.
The Exeter 1031 Exchange is the best for complex transactions.
Exeter 1031 Exchange is a good option for business owners seeking for a more intricate exchange, such as a reverse or improvement exchange. If consumers aren’t totally happy, the business will return 100 percent of the 1031 exchange set-up charge.
The money of investors are put in a suitable trust account, which protects them from bankruptcy. Exeter 1031 is covered by a fidelity bond and liability insurance of $30 million. You may reach them online or by calling a toll-free phone number 24 hours a day, 7 days a week. The company’s website seems to be a little antiquated, therefore buyers looking for a strong, engaging website should look into First American Exchange.
1031 Exchange Rates in Exeter
Visit the 1031 Exchange in Exeter.
Best for a Flat Fee Structure is 1031x.
One of the most difficult aspects of 1031 exchanges is the vast range of charge schedules. 1031x offers a competitive edge over other 1031 exchanges by providing one of the most transparent and flat-fee arrangements of any 1031 exchange. Regardless of the amount or location of the transaction, 1031x provides straightforward swaps for only $1,000.
The Federation of Exchange Accommodators is a member of 1031x (FEA). To guarantee that money remain safe, the firm works with local and national FDIC-insured banks. You may request a free consultation by calling 1031x or filling out a contact form on the company’s website, and a representative will contact you.
Exchange Rates 1031x
Visit 1031x for further information.
How We Selected the Best Section 1031 Exchange Firms
We assessed each company’s capacity to conduct both basic and complicated exchanges, availability, cost, and the sorts of exchange transactions they provide when evaluating 1031 exchange firms. All six firms on this list provide at least one of the following kinds of exchange services:
- Delayed exchange: Allows investors up to 180 days after the sale of their prior property to buy a new one.
- Simultaneous exchange: The new property’s closure and the old property’s selling take place on the same day.
- Replacement property is bought before the exchange property is sold in a reverse exchange.
- Investors arrange renovations on the property before it is received as the replacement property in a build-to-suit or improvement exchange.
Other Factors to Consider in a 1031 Exchange
When completing a 1031 exchange, keep in mind the necessity for investment property financing on the new property. For the replacement property, you should look around for the finest commercial real estate prices. Also, before you apply for a new home loan, read our guide to getting the small business financing you need. This will enable you to be ready for the new loan application procedure.
Conclusion
Businesses contemplating a 1031 exchange should always get the help of a certified intermediary to guide them through the process. The 1031 exchange firms mentioned below will help you complete the transaction while safeguarding your tax and commercial interests. Each company on this list offers somewhat different services at various prices. Check out the firms mentioned below to see which one best fits your requirements for a like-kind exchange.
The “1031 exchange accommodator” is a company that can help you find the best 1031 Exchange companies for 2022. They will also help you with all your tax needs.
Frequently Asked Questions
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