1031 Real Estate Exchanges

Thanks for your help. It was smooth.
Best, Ed

If it were not for you we could not have made this happen. You sure did a terrific job. Katheleen and I really appreciate what you have done for us.
Thanks so much,
Bob and Kathleen

Thank you Bankers Escrow Staff for y our prompt attention to the 1031 exchange completed last week. We appriciated your help and the attention to detail you provided. You were great to work with!
With much appreciation,
Roz

reverse exchange

Many property owners who would like to take advantage of the 1031 Exchange law find themselves with an opportunity to buy replacement properties before their old properties are sold. Fortunately, in 2000, the IRS changed its rules to allow this circumstance to be covered under the 1031 Exchange. The so-called "reverse exchange," is more complicated to transact than the regular sell-first-then-buy situation, but the outcome is the same: profits are wisely saved from capital gains tax.

Construction or improvement exchanges utilize the IRS Reverse Exchange guidelines as well. The investment property to be improved is parked by Bankers Escrow as the qualified intermediary in a limited liability company. All construction activities are completed and the fully improved property is sold back to the exchanger as their replacement property within the 180 day exchange period. If this timeframe is insufficient, a long term parking arrangement may be a solution, but the property to be improved must be purchased before the old property is sold.

Have a Real Pro in Your Corner

In any 1031 Exchange procedure, it's legally necessary to have a third party "Intermediary" involved such as Bankers Escrow. For a reverse exchange, the need becomes even more pronounced. The intermediary in a reverse exchange is charged with holding the new property, which is now "parked" until the sale of the first property. As the holder of the title to the newly acquired property, your intermediary needs to be completely knowledgeable of tax law and how to hold the property as an "exchange accommodating title holder”.

At Bankers Escrow, we've helped over five hundred clients with their reverse exchanges since the law swung in their favor. Unlike many 1031 Exchange companies, our team is composed of experts in the field--from CPAs and attorneys, to exchange specialists, and escrow officers. We work closely with clients nationwide to ensure smooth, easy-to-understand transactions. Call the Reverse Exchange Experts at Bankers Escrow to review your specific situation at 800-571-6595.