THE LEADER IN §1031 EXCHANGES
Trusted | Secure | Independent
As the coronavirus outbreak continues to spread throughout the communities where we live and work, please understand that we are adjusting our staff and work practices for the health and safety of our employees and clients. Rest assured we will seamlessly continue to assist you with your 1031 Tax Deferred Exchange.
Please do not hesitate to call. Our hearts go out to everyone who has been impacted by this worldwide crisis.
Exchange Resources, Inc. — Your Key to a Successful Exchange
Exchange Resources, Inc. (“ERI”) is one of the largest independent Qualified Intermediaries in the nation serving individual and institutional investors across the country and abroad.
ERI has attorneys on staff who provide personalized attention to complex issues and are available to discuss exchange matters with investors’ tax and legal advisors.
ERI appreciates the paramount importance of securing investor funds. Therefore, ERI provides several layers of protection to secure its investors’ funds.
Choosing the best Intermediary
Your Exchange Expert
ERI’s Financial Strength
ERI appreciates the paramount importance of securing investors funds and does so by maintaining:
▲ Fidelity bond insurance coverage
▲ Errors and omissions insurance coverage
▲ A separate bank account for each investor
A §1031 tax-deferred exchange
is a transaction which permits an investor to defer the payment of capital gains tax by “exchanging” investment property owned by an investor (“relinquished property”) for another investment property (“replacement property”) of equal or greater value.
The most common type of exchange is a delayed or straightforward exchange. By properly effectuating an exchange, the investor is able to defer the realization of capital gains as well as the recapture of depreciation.
A delayed exchange is the most common type of exchange. Certain IRS requirements must be met to structure a delayed exchange.
This type of exchange occurs when the relinquished property and the replacement property are transferred concurrently.
An investor may choose to improve a replacement property by building a structure or making improvements to an existing structure on the property.
Reverse exchanges are the most complex type of exchange. Such an exchange permits the investor to acquire their replacement property before the relinquished property is sold.
SUCCESSFUL 1031 EXCHANGES
DOLLARS IN EXCHANGE FUNDS
The Escrow Group, California
New York Metropolitan Life Insurance Company, New York