An Exceptional Exchange Experience, Made Easy. |
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The Power of 1031 Exchanges
It Does More than Defer the Gain
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You have owned your rental property in Stone Harbor for nearly two decades. It provides a nice income for you, but with many newer properties on the rental market, yours is not as sought after as it used to be. You have many options to consider. Do you renovate, tear down and rebuild, or sell the property as is? While they are all worthy options, a 1031 exchange may be the right solution. A 1031 exchange enables the seller of an investment or business use property to defer the gain when buying replacement property and structured correctly. Section 1031 of the tax code is known as a tax-deferral strategy, but its ability to help investors solve problems, create opportunities, and build wealth is what makes exchanges so much more powerful.
While this is a great tax strategy to help you the gain and depreciation into the new property without paying the tax now, there are many other problems 1031 exchanges can help you solve.
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The power of 1031 exchanges lies in its ability to leverage your investment to meet your goals. Whether diversification, cash flow, or an exit strategy, 1031 exchanges do much more than defer the gain. |
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The 1031 CORP. Exchanging Thoughts Blog
Looking for another perspective on 1031 exchanges and the real estate industry?
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Upcoming Webinars
>> Thursday, April 4, 2024
12:00 Noon Eastern
>> Thursday, May 2, 2024
12:00 Noon Eastern
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1031 CORP. provides an easy-to-follow overview of 1031 exchanges and their many benefits. We'll also review the requirements of a successful exchange and the essential role of 1031 CORP. to keep the exchange transaction simple for all parties. |
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The 1031 CORP. Team on the Road |
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In New Orleans, Helping Real Estate Agents Be a Hero |
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The 1031 CORP. Team members were grateful to see old friends and make new connections with real estate pros from across the country in March.
Bruce Glendinning and Katie Bromley attended the Berkshire Hathaway HomeServices Sales Convention 2024 in New Orleans in March. 1031 CORP. was a proud exhibitor at the 2024 event, themed “HERO: Enriching the Lives of Others.”
The NOLA conference theme highlighted a real estate professional's unique spot as a “hero” guide for buyers and sellers. The 1031 CORP. Team helped agents see how they could use 1031 exchanges to be a hero and enrich the lives of their clients.
We heard several common themes during our conversations: “How does a 1031 exchange work?,” “What are the most powerful ways 1031 exchanges can benefit of my investment real estate clients?,” and, “These superhero stress-ball giveaways are great!”
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Spring Break with PLTA in Valley Forge |
Back in Pennsylvania, Grace Rivera and Marissa LoCascio met title industry professionals at the Pennsylvania Land Title Association’s (PLTA) Spring Break Conference in Valley Forge. Thanks for stopping by! We love meeting the knowledgeable closing agents we love working with, in person.
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Above: Grace Rivera (L) and Marissa LoCascio attended the PLTA Spring Break Conference in Valley Forge, Pennsylvania. |
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Center: Katie Bromley and Bruce Glendinning attended the Berkshire Hathaway HomeServices Sales Convention 2024 in New Orleans, Louisiana. The theme was, "Hero: Enriching the Lives of Others."
Bottom: Rod Messick, CEO of Berkshire Hathaway HomeServices Homesale visited us at our booth at the convention. He pointed out his testimonial on the banner highlighting his positive experience with 1031 CORP. Thanks, Rod!
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Katie Bromley
Exchange Coordinator
1031 CORP.
Collegeville, Pennsylvania
(800) 828-1031 ext. 245
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Katie Bromley
Role: Exchange Coordinator
Location: Collegeville, Pennsylvania
How do you make sure clients have an "exceptional exchange experience, made easy." ?
We take the burden off our clients and do it with a personal touch. We are patient and make sure the client knows every step of the process while keeping them aware of their timeline deadlines. I’m a big fan of the golden rule—always treat others how I’d like to be treated. There’s a lot of respect. I care about my clients and their exchanges and, like everyone on the Exchange Team, I make myself available. I had a client who was so passionate about his property. He told me about the people he bought the property from, the tree in the yard, and the history of the land. The heart and soul of the property. It was an emotional thing for him. We talked for nearly an hour-and-a-half about his exchange—but we walked through the process together. He became comfortable and trusted our team.
How do you keep current with important trends, new processes and the latest details within the industry?
The Exchange Team is committed to knowing the most about 1031 exchanges. I learn with my peers. We are each knowledgeable and work with the Certified Exchange Specialists® on staff. The Federation of Exchange Accommodators, the national association for Qualified Intermediaries, hosts webinars and conferences that I attend regularly, and we discuss our tricky exchanges in our team meetings every week. I also attend networking events to learn about the real estate industry. I get a lot from one-on-one conversations with lenders, real estate professionals, title officers, and marketing people. I love meeting new people and I learn something at every event. These events are always fun and valuable.
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Poll: Will the NAR settlement impact housing prices? |
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Please select only one answer. Poll results will be reported next month.
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Housing prices will rise.
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Housing prices will fall.
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Housing prices will stabilize.
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Housing prices will not be impacted.
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Poll: What rate will bring buyers back to the market? |
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Your poll answers from the February issue of Exchanging Times
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Serving as a nationwide Qualified Intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide an exceptional exchange experience made easy for our clients and their advisors. We provide our clients with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our clients and their advisors. Our Exchange Team, which includes Certified Exchange Specialists®, has the experience and expertise to facilitate even the most complex exchange transactions, including reverse and improvement exchanges.
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