Address: 404 Camino del Rio S Suite 600, San Diego, CA 92108, USA
Phone: +16192393091
Sunday: Closed
Monday: 7:30AM–5:30PM
Tuesday: 7:30AM–5:30AM
Wednesday: 7:30AM–5:30AM
Thursday: 7:30AM–5:30AM
Friday: 7:30AM–5:30AM
Saturday: Closed
John Wong
Exeter provided excellent service in serving as a Qualified Intermediary for a 1031 Exchange of our rental properties. The team handling my account was very responsive, knowledgeable, and addressed all my technical questions regarding the exchange as well as communicating in a timely manner with the 2 escrow companies involved in receiving the funds from the sale and releasing the funds for the purchase of the rental properties. I would highly recommend the firm if you are planning a 1031 Exchange and I will definitely used them in any future exchanges of my rental properties. Dr. John Wong
debra harper
I highly recommend Exeter 1031 Exchange LLC for exchanging investment properties. They are fantastic! They guided me, a 1st time exchanger, through a challenging exchange, answered all my numerous questions, accommodated my technical challenges and got the job done when I thought it was a loss. If you are looking to defer some investment taxes, call them!
Beth H
Knowing just about zero about how wonderful a 1031 Exchange might be, our agent directed us to Exeter when we sold our home in Kona, Hawaii and decided to put the proceeds into a nearby rental in Arizona. Everyone at Exeter spent so much time, educating us, explaining everything (over and over, in some cases!) and we were willing pupils. We did the transaction without a single incident, we followed all of the rules and laws explained to us, and we couldn't be more pleased. We thank our agent, Shanna, from Tinzie Realty in Wickenburg, AZ. for directing us to Exeter, and we thank every single person at Exeter who never made us feel stupid when we needed help. What a great company, they are the Gold Standard, absolutely.
Steve Sexton
Bill Exeter has a wonderful team that has help my clients and friends with 1031 exchanges for the last 10 years. Saved my clients hundreds of thousands of dollars, by educating them, provided excellent timely advise. Now that I host the Saving with Steve show. Bill was one the first guest I wanted to have. Besides viewers and listeners were looking for information on tax alternatives when selling their property. Bill delivered as always. Educating our listeners om "What a 1031 is, how it works, what are the benefits, then educated about self directed IRA's .. Not Surprising the feedback was wonderful. Most people didn't understand what one can do with a self directed IRA , type of investments that can be placed in a self directed IRA. We at the Saving with Steve show are grateful to Bill Exeter for spend time educating our listeners and viewers around the world.
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Hi Steven, Yes, it can be possible but will depend on how they have been holding, reporting and filing their taxes for the property. If they hold title in their individual names and are considered individual owners, then each should be able to take their portion and do what they like with it. Would you like to schedule a date/time to chat?
Hi Robert, Generally, LLCs with multiple members are treated as a partnership for tax purposes. This means that the true "owner" or "taxpayer" is the LLC (partnership). The LLC (partnership) can certainly sell relinquished property and then 1031 Exchange into other replacement property. The 1031 Exchange would be set-up under the entity (LLC) and the entity would be doing the 1031 Exchange. It can get much more complicated when the members (partners) of the LLC (partnership) want to sell the property and go separate ways. It is important to remember that the members to not own real estate - the LLC (partnership) does. The members merely own a partnership interest in the LLC (partnership). There are ways to restructure the entity ownership or the real estate ownership so that the individuals might qualify for 1031 Exchange treatment, but it requires special planning by your legal and/or tax advisors. Let us know if you would like to discuss further.
Hi Fhelipe, No, we only administer the 1031 Exchange transaction. We do not want any appearance of a conflict of interest. We want to make sure that our clients know we put their interests before ours, and trying to locate and sell a replacement property to our clients that we are helping with a 1031 Exchange creates an inherent conflict of interest. We work with many really good replacement property specialists that can help if you would like an introduction.
Yes it is allowable to buy down in value and still do an exchange.
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