Real estate investment can be lucrative, but managing capital gains taxes when you decide to sell a property is frequently a challenge. Many wonder how they can know the Best 1031 Exchange Companies available.
The 1031 Exchange provision of the U.S. tax code provides a remedy to this challenge. It allows real estate investors to defer capital gains taxes on the sale of a property if the proceeds are reinvested in a similar investment property.
Conducting a 1031 Exchange is a complicated procedure that necessitates the assistance of a Qualified Intermediary or 1031 Exchange company.
This blog post examines the top 6 1031 Exchange companies in the United States by analyzing their services, geographic coverage, and fees.
Best 1031 Exchange Companies
These Six Best 1031 Exchange Companies are;
This is the Best Overall 1031 Exchange Company Overall. It is the greatest 1031 Exchange company in the United States.
IPX1031 was established in 1988 with headquarters in Chicago, Illinois, as a full-service Qualified Intermediary operating in all 50 states. Their mission is to provide superior exchange services, guidance, expertise, and protection.
IPX1031 provides several varieties of 1031 Exchanges
- Delayed Exchanges
- Reverse Exchanges
- Improvement Exchanges.
Their affiliation with Fidelity National Financial provides investors with additional protection, such as a $100 million Fidelity Bond, a $50 million Written Performance Guarantee, and a $30 million Errors and Omissions Insurance policy.
Exeter 1031 Exchange Services, LLC
This is the top choice for handling complex exchange types. Exeter 1031 Exchange Services, LLC is a national leader in 1031 Exchanges.
Founded in 2005 and headquartered in San Diego, California, their mission is to provide investors with a superior, safer, and more secure 1031 Exchange experience.
While Exeter’s website lacks comprehensive pricing information, it does has a setup or administrative fee between $850 and $1,250 for each 1031 Exchange. Additional fees vary depending on the type of exchange. Reverse and Built-To-Suit 1031 Exchange fees range from $700 to $1,800, according to third-party sources.
Exeter’s 1031 Exchange services include
- Forward/Delayed Exchanges
- Reverse Exchanges
- Improvement/Built-to-Suit/Construction Exchanges.
In addition, they operate in all fifty states, serving both individual investors and large corporations.
First American Exchange Company
This company has the best online Services. First American Exchange Company is a prominent Qualified Intermediary and 1031 Exchange provider, supported by First American Financial Corporation. Established in 1990 and headquartered in Salt Lake City, UT, their mission is to facilitate 1031 tax exchange transactions as efficiently as possible.
First American Exchange services are priced differently depending on the exchange variety. For Delayed Exchanges, replacement property costs $450 to $900 and relinquished property costs $740 to $1,300. Complex exchanges, such as Reverse and Built-to-Suit Exchanges, have distinct fees. Simultaneous Exchanges cost between $1,000 and $1,800. The organization offers free online calculators for estimating potential capital gains tax savings.
First American Exchange conducts Delayed and Reverse Exchanges in all fifty states. They distinguish themselves by providing an abundance of educational resources, such as guides, articles, frequently asked questions, and instructional videos.
First American Exchange stands out as the best option for those in search of information and convenience due to its emphasis on online services and educational resources.
1031 Services, Inc.
This is the Best Option for Various Types of Exchanges. 1031 Services, Inc. is a nationwide 1031 Exchange Qualified Intermediary and Exchange Accommodation Titleholder. Established in 1989 with headquarters in Seattle, WA, their mission is to provide investors with the necessary expertise and support for streamlined exchanges.
Although 1031 Services, Inc. does not publicize its pricing structure on its website, costs typically vary based on exchange type, property value, and market conditions.
The services they provide are
- Forward Exchange
- Reverse Exchange
- Improvement Exchange
- Multi-Asset Exchange Construction Exchange
The company structures transactions in collaboration with investors and their Tax Counsels.
1031 Services, Inc. is the only company on this list that organizes an annual national conference on like-kind exchanges, covering all fifty states.
1031 Services, Inc. stands out as the best option for handling various types of 1031 Exchanges, as it provides a variety of options to meet the varying requirements of investors.
This company is the best for Investor Education. Growth 1031 is a 1031 Exchange company that provides comprehensive services, functioning as both a Qualified Intermediary and an Exchange Accommodation Titleholder.
Their mission is to provide clients with a thorough comprehension of the 1031 Exchange process. They were founded in 2017 and have offices in San Diego, CA, and New York, NY.
Pricing information for Growth 1031 is unavailable on their website. Expenses fluctuate based on exchange type, property value, and location.
The company offers investors free consultations and online educational resources, including guides, articles, frequently asked questions and videos.
In all fifty states, Growth 1031 provides services for Delayed and Reverse Exchanges. Positive online reviews laud the team’s expertise, knowledge, and vigilance.
Growth 1031 distinguishes itself by providing an abundance of educational resources and complimentary consultations, making it an excellent choice for those who are unfamiliar with the 1031 Exchange process.
This company is preferred for Fee Structure. 1031X is a 1031 Exchange company that concentrates on providing a great 1031 Exchange experience. Their mission, established in 1994 with headquarters in Denver, CO, is to be the best 1031 Exchange company in the nation.
In contrast to other companies, 1031X’s website features a transparent pricing structure. Standard 1031 Exchanges cost $950, while Reverse 1031 Exchanges begin at $5,500 and Construction 1031 Exchanges begin at $6,500. Prices for Custom Exchanges are individualized.
All 50 states are covered by the following 1031X services
- Forward Exchange
- Reverse Exchange
- Construction Exchange
- Custom Exchange
- Complimentary consultation
- Access to online educational resources.
1031X is distinguished as the top 1031 Exchange company in terms of fee structure. Its clear and competitive pricing makes it a good choice for cost-conscious investors.
Real estate investors who wish to defer capital gains taxes when selling and reinvesting in similar properties should make use of the 1031 Exchange.
Investors frequently rely on the knowledge of Qualified Intermediaries or 1031 Exchange companies to navigate this complex process.
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