e1031xchange Introduce
In the dynamic and highly competitive New York real estate market, investors are constantly seeking strategic ways to maximize their returns and preserve their capital. A powerful tool in this arsenal is the 1031 tax-deferred exchange, a provision of the Internal Revenue Code that allows real estate investors to defer capital gains taxes on the sale of an investment property by reinvesting the proceeds into another "like-kind" property. Navigating the strict rules and tight deadlines of a 1031 exchange requires a skilled and knowledgeable partner. This is where e1031xchange comes in, a specialized real estate firm serving the New York region with a clear focus on simplifying this complex process. As both a real estate attorney and a real estate consultant, e1031xchange offers a unique blend of legal expertise and practical guidance, helping clients successfully defer taxes and grow their investment portfolios.
A 1031 exchange is more than just a simple transaction; it's a carefully orchestrated process with specific timelines that must be followed to qualify for tax deferral. The process typically involves selling a "relinquished" property and then acquiring a "replacement" property within a specific timeframe. The proceeds from the sale must be held by a qualified intermediary (QI) to prevent the investor from having "constructive receipt" of the funds, which would trigger a taxable event. E1031xchange acts as this crucial qualified intermediary, ensuring that every step of the exchange is executed correctly and in full compliance with IRS regulations. Their expertise is particularly valuable in a place like New York, where property values are high and the potential for significant capital gains taxes is a major concern for investors. By providing a secure and professional service, they enable New Yorkers to confidently sell and acquire properties across the country, all while keeping their investment goals firmly in sight.
The firm's dual role as a real estate attorney and consultant is a significant advantage for clients. It means they bring a deep legal understanding to every transaction, anticipating potential issues and providing robust solutions. This is not just about paperwork; it's about strategic planning and a thorough comprehension of the intricacies of real estate law. For local investors in New York, who often deal with multi-million dollar properties and complex portfolios, this level of expertise is indispensable. The firm is dedicated to providing personalized service, steering clear of the impersonal, anonymous nature of many online-only services. They prioritize direct communication and are committed to being available for their clients, a level of service that can be crucial when dealing with the time-sensitive nature of a 1031 exchange.
The physical location of a real estate agency is often a key consideration for New Yorkers, and e1031xchange’s office is strategically placed for maximum convenience. Located at 1120 6th Ave 4th Floor, New York, NY 10036, USA, the office is situated in the heart of Midtown Manhattan. This central and easily accessible location makes it a practical choice for clients from all five boroughs and beyond. Its position on Sixth Avenue, a major artery, ensures it is well-connected by public transportation, including multiple subway lines and bus routes. This accessibility is a major benefit for New York-based investors, who need to attend meetings and handle documents without the added stress of a difficult commute. Being in a well-known commercial district also means the office is simple to find and navigate to.
In addition to its prime location, e1031xchange has made a conscious effort to ensure its office is welcoming and accessible to all. The building features a wheelchair accessible entrance, a vital component for ensuring that individuals with mobility needs can easily and comfortably enter the premises. This commitment to inclusivity is further highlighted by the presence of a wheelchair accessible restroom, which provides a full range of accommodations for visitors. These amenities are not just about compliance; they reflect the firm's client-first philosophy and a genuine commitment to providing a seamless experience for every individual. For New Yorkers, who appreciate efficiency and thoughtful design, these features underscore the professionalism and consideration that e1031xchange brings to every aspect of its service. The accessibility of the office, both in terms of location and physical features, makes it a convenient and respectful choice for clients seeking expert real estate and legal consultation.
As a specialist in 1031 tax-deferred exchanges, e1031xchange offers a highly focused and expert range of services. Their core business revolves around acting as a qualified intermediary to facilitate exchanges, but their service offerings are much more comprehensive than simply holding funds. Their services include, but are not limited to:
- Serving as a qualified intermediary to hold sale proceeds and manage the exchange process.
- Providing expert consultation on the complex rules and deadlines of a 1031 exchange.
- Assisting with the identification and acquisition of "like-kind" replacement properties.
- Ensuring that all legal and IRS requirements for the exchange are met to successfully defer capital gains.
- Handling transactions for a variety of investment properties, including residential rentals, commercial buildings, and land.
- Offering a flat-fee structure with no hidden charges, which provides transparency and predictability for clients.
- Working closely with other professionals involved in the transaction, such as attorneys and closing agents, to ensure a smooth and coordinated process.
- Providing educational resources and clear guidance to clients to help them understand the intricacies of the exchange.
These services are tailored to provide a full-service solution for real estate investors, making what could be an overwhelming process feel manageable and secure. Their expertise ensures that clients can focus on their investment strategy while the technical and legal aspects of the exchange are handled with precision.
What sets e1031xchange apart in the crowded New York real estate market are its distinctive features and highlights, which focus on client trust, security, and exceptional service. These are the elements that contribute to the firm's reputation and make it a preferred choice for investors.
- Transparent Flat Fee: The firm offers a clear, flat-fee structure for its services, which is a significant highlight. This transparency contrasts with many competitors who may have hidden fees or complicated pricing models, giving clients peace of mind and clear financial expectations from the start.
- Expertise as a Real Estate Attorney: The principal of the firm is a licensed New York State attorney with extensive real estate experience, having facilitated thousands of 1031 exchanges. This legal background provides an unmatched level of knowledge and security for clients.
- Personalized and Responsive Service: Unlike large, impersonal corporations, e1031xchange prides itself on personalized attention. Clients can call and speak to a live representative, and are even given the principal's cell phone number for after-hours access, demonstrating a commitment to unparalleled availability and service.
- Fund Security: A critical feature is the security of client funds. The firm holds all proceeds in a segregated client funds account with a major New York City bank, ensuring that funds are never commingled with company assets or invested in risky ventures.
- Wheelchair Accessibility: The office is designed to be fully accessible with a wheelchair accessible entrance and restroom, ensuring that all clients can visit comfortably.
These features combine to create an experience that is not only professional and effective but also trustworthy and highly client-oriented. For a New York investor, these are the critical factors that build confidence and peace of mind during a significant financial transaction.
To connect with e1031xchange and begin your consultation, the contact information is readily available. The office address is 1120 6th Ave 4th Floor, New York, NY 10036, USA. You can reach the firm by phone at (646) 380-3952. For mobile inquiries, the number is +1 646-380-3952. This dual-line of communication ensures that you can always get in touch with the team, whether you are in the office or on the go. When you are ready to learn more about a 1031 exchange or to get started on a transaction, this information is your first step toward partnering with a trusted and expert real estate consultant. It's always a good idea to call ahead to schedule an appointment to ensure dedicated time for your specific questions and needs.
For a New York real estate investor, choosing e1031xchange for their 1031 exchange needs is a decision based on expertise, security, and exceptional service. The firm’s deep legal knowledge as a real estate attorney provides a layer of protection and strategic insight that is difficult to find elsewhere. Unlike many larger, less personal firms, e1031xchange offers a level of personal care and responsiveness that is crucial in a time-sensitive and high-stakes transaction. The flat-fee pricing model is a testament to their transparency, removing the worry of unexpected costs that can plague other services. Additionally, the firm’s commitment to holding client funds in secure, segregated accounts with a major NYC bank provides a level of financial safety that is paramount for investors. Customer testimonials highlight this dedication, with clients praising the firm for making a "complicated process easy" and for being "professional, highly responsible and responsive." The positive experience of clients who have used the service for multiple successful exchanges speaks volumes about the firm's reliability and consistent results. For those in New York who are serious about real estate investment and want to defer capital gains taxes to build their wealth, e1031xchange is a clear choice. They provide the peace of mind that comes from working with a true expert who is dedicated to your financial success and committed to a smooth, efficient, and secure process.
e1031xchange Details
Accessibility
- Wheelchair accessible entrance
- Wheelchair accessible restroom
Amenities
- Restroom
e1031xchange Photos
e1031xchange Location
e1031xchange
1120 6th Ave 4th Floor, New York, NY 10036, USA
e1031xchange Reviews
1031 exchangecompanyfeepricetransactionmoneyteamcommunicationsellingresponsive
★ 5★ 4★ 3★ 2★ 1E1031Exchange is an excellent service - we have used this service three times with amazing results! We had to sell three of our rental properties in Florida due to the skyrocketing insurance and HOA fees. We were able to use the e1031 Exchange company to successfully sell and purchase three new rental units. I highly recommend e1031 Exchange for your 1031 exchange needs.
July 25 · Susana Beth LedbetterE1031Exchange is an excellent service - we have used this service three times with amazing results! We had to sell three of our rental properties in Florida due to the skyrocketing insurance and HOA fees. We were able to use the e1031 Exchange company to successfully sell and purchase three new rental units. I highly recommend e1031 Exchange for your 1031 exchange needs.
July 25 · Susana Beth LedbetterThese guys are great to work with and are very responsive. Don't let the low advertised price fool you. This team is Qualified Intermediary professionals. I have been doing 1031 exchanges with them over the past few years and have had no issues at all. I would recommend them to any real estate investor that is looking to save a little on QI fees at the same time get good service. Thanks Brandon & Tysha for serving in excellence!
July 27 · Bruce WigalThese guys are great to work with and are very responsive. Don't let the low advertised price fool you. This team is Qualified Intermediary professionals. I have been doing 1031 exchanges with them over the past few years and have had no issues at all. I would recommend them to any real estate investor that is looking to save a little on QI fees at the same time get good service. Thanks Brandon & Tysha for serving in excellence!
July 27 · Bruce WigalI have completed two 1031 exchanges through e1031xchange. Both times, the transactions were completed without issue. I was most impressed by the security protocols in place, which ensure that I was transferring money to the right person. Also, you cannot beat the price for such an efficient and through service.
July 23 · J.T. TaylorI have completed two 1031 exchanges through e1031xchange. Both times, the transactions were completed without issue. I was most impressed by the security protocols in place, which ensure that I was transferring money to the right person. Also, you cannot beat the price for such an efficient and through service.
July 23 · J.T. TaylorThis is a professional team that easily handled my 1031 exchange. This was my first 1031 exchange and I sought multiple quotes for intermediaries. Some of the quotes were literally 10x more! I thought, good gravy, how hard can it be?It turns out that it is quite a complex process, but these guys are experts. They do this sooo much that they make it seem routine.Go with e1031xchange and don't worry. It's handled. I'm using them again on a 2nd property in a month or two.
July 23 · Todd NashThis is a professional team that easily handled my 1031 exchange. This was my first 1031 exchange and I sought multiple quotes for intermediaries. Some of the quotes were literally 10x more! I thought, good gravy, how hard can it be?It turns out that it is quite a complex process, but these guys are experts. They do this sooo much that they make it seem routine.Go with e1031xchange and don't worry. It's handled. I'm using them again on a 2nd property in a month or two.
July 23 · Todd NashUsed this company recently and the experience was very different. Worked with Brandon to sell my property was an incredible experience. Brandon is incredible at keep me informed and making me feel reassured in the company. He actively listens to my questions and is able to answer them very concisely and provide a lot of details. I would love to work with him again.However, why buying the replacement property Brandon was replaced by Tysha. Working with her was an absolutely nightmore for me, my title company, and my lender, and realtor. She seems very self centered and set on arguing that she's in right rather than just sending over a simple document a second and moving the process along. Despite the company saying paperwork would be done in 3 days, she took more than double the amount of days. Because we had built our closing schedule around the 3 days, understandably, my lender and title became worried about closing. When trying to get ahold of the Tysha, she never provided any updates and was very confrontational when all we really wanted was a update so we can adjust timely. She kept sending the same email saying if closing is delayed we need to notify them (which is ironic because everybody was waiting on her). Tysha also doesn't seem to read email or listen to questions before responding. She keeps repeating the same phrases over and over again despite its not what was asked and then getting annoyed when we have ask it again. She seems very self centered and doesn't realized a 1031 company is just one of many cogs in the wheel to ensure a successful and timely closing (which I did not have because due to a technical error, the lender asked her to send over a document a second time, but instead of taking 5 seconds to resend, it Tysha spent hours arguing how she already sent it, as a result its 12 hours after closing and we still can not fund and I do not have keys).After reading more reviews on reddit and biggerpockets, there's definitely plenty of people that would rather spend a bit more money for someone thats focuses more on the client than being right and refuses to do something as simple as sending a document a second time regardless of the impact on the client.
March 05 · Ethan YUsed this company recently and the experience was very different. Worked with Brandon to sell my property was an incredible experience. Brandon is incredible at keep me informed and making me feel reassured in the company. He actively listens to my questions and is able to answer them very concisely and provide a lot of details. I would love to work with him again.However, why buying the replacement property Brandon was replaced by Tysha. Working with her was an absolutely nightmore for me, my title company, and my lender, and realtor. She seems very self centered and set on arguing that she's in right rather than just sending over a simple document a second and moving the process along. Despite the company saying paperwork would be done in 3 days, she took more than double the amount of days. Because we had built our closing schedule around the 3 days, understandably, my lender and title became worried about closing. When trying to get ahold of the Tysha, she never provided any updates and was very confrontational when all we really wanted was a update so we can adjust timely. She kept sending the same email saying if closing is delayed we need to notify them (which is ironic because everybody was waiting on her). Tysha also doesn't seem to read email or listen to questions before responding. She keeps repeating the same phrases over and over again despite its not what was asked and then getting annoyed when we have ask it again. She seems very self centered and doesn't realized a 1031 company is just one of many cogs in the wheel to ensure a successful and timely closing (which I did not have because due to a technical error, the lender asked her to send over a document a second time, but instead of taking 5 seconds to resend, it Tysha spent hours arguing how she already sent it, as a result its 12 hours after closing and we still can not fund and I do not have keys).After reading more reviews on reddit and biggerpockets, there's definitely plenty of people that would rather spend a bit more money for someone thats focuses more on the client than being right and refuses to do something as simple as sending a document a second time regardless of the impact on the client.
March 05 · Ethan Y
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