6 Best 1031 Exchange Companies

The best 1031 exchange companies should be able to handle multiple types of transactions and have sufficient insurance coverage to protect your funds. These companies should also have a combination of low fees, a variety of complimentary services, educational content, and a track record of delivering excellent service levels.

Below is our list of the six best like-kind exchange companies:

• IPX1031: Best overall for expertise and value-added services
• Exeter 1031 Exchange: Best for complex 1031 exchanges
• 1031 Services, Inc.: Best for multiple types of 1031 exchanges
• 1031X: Best for transparent pricing
• First American Exchange: Best for online services and educational content
• Computershare Corporate Trust: Best for simple 1031 exchanges

IPX1031: Best Overall for Expertise and Value-added Services

Why We Like IPX1031

IPX1031 markets itself as the nation’s largest qualified intermediary for 1031 like-kind exchanges. As a customer, this means you’ll get industry-leading expertise with peace of mind knowing that your transaction will be completed promptly in accordance with all tax rules and regulatory requirements.

The company can assist with nearly any type of tax-deferred exchange. It operates under the parent company, Fidelity National Financial, which offers high amounts of fidelity bond and errors and omissions insurance. IPX1031 can also work with customers in many different industries, such as commercial, industrial, rental, agricultural, retail, and hotel.

Customers can use additional related products and services through its parent company. Title and real estate settlement services are two of many types of products you can choose from. Check out IPX1031’s services.

Exeter 1031 Exchange: Best for Complex 1031 Exchanges

Why We Like Exeter 1031 Exchange

With Exeter 1031, you’ll have the ability to speak with a 1031 exchange expert year-round, at any time during the day or night, and receive an immediate response. If you don’t need this expedited service, Exeter 1031 also offers extended business hours, promising responses within 24 hours. This makes it a great option for complex transactions where issues may arise outside of normal business hours.

Unlike some other 1031 exchange companies, funds with Exeter 1031 are held in a trust company that is licensed and regulated by a state entity. As a result, exchange funds with this company can be considered among the safest and most secure.

It allows applications to be submitted on its website any time, day or night. You can get quick turnaround times as it has the ability to open new 1031 transactions and respond to requests on the same day. The company also provides a performance guarantee, which is a promise to refund your setup fee if you are not completely satisfied with the service you received.

1031 Services, Inc.: Best for Multiple Types of 1031 Exchanges

Why We Like 1031 Services, Inc.

1031 Services has experience with exchanges in all types of real estate properties, including those in foreign countries. It also has clients ranging from individuals to large corporations. As a result, it’s a good option for any type of 1031 exchange.

With the company, exchange funds are invested in a money market account that’s insured up to FDIC limits, currently $250,000. For this, the company chooses from several independent banks, and you can contact 1031 Services, Inc. for more information as you may have the ability to choose which bank the exchange funds are deposited into.

A downside of this company is that no fees are published on the website. It also contains far less educational content when compared to other companies on our list. 1031 Services, Inc. also has no notable online reviews from customers; however, it does have a listing with the Better Business Bureau, which shows no complaints from customers. Additionally, it can provide references from clients and banks upon request.

To get the process started, you can head over to the 1031 Services, Inc. website to find the company’s email and phone number.

1031X: Best for Transparent Pricing

Why We Like 1031X

1031X is one of the most transparent companies when it comes to pricing. It lists all prices on its website for various types of 1031 exchanges. It is also a good option for a standard 1031 transaction as it changes a flat fee of $950, which covers the sale of one property and the purchase of a replacement home. There are no wire fees or other hidden fees.

The company also provides a standard pricing structure for reverse and construction 1031 exchanges. If you have a more unique scenario, you can schedule a free consultation to get a quote.

To learn more about the company and its products and services, head over to the 1031X website. There, you can also view the company’s educational content surrounding various 1031 exchange scenarios. To start the exchange process, you can first schedule a consultation or speak with a representative. If you’re ready to proceed, you can complete an online application in about 10 minutes.

First American Exchange: Best for Online Services and Educational Content

Why We Like First American Exchange

The company places a large emphasis on education, which is helpful if you want to be informed of each step made in the process. Working with First American Exchange means you’ll be able to ask questions directly to its team of attorneys and Certified Exchange Specialists. You can also use the company’s library of online resources that contain the latest industry updates.

First American Exchange operates as a subsidiary of First American Title Insurance Company. This means that the company must adhere to the financial reporting and disclosure requirements of a publicly traded company.

Customers’ funds are insured up to FDIC limits, held in segregated accounts, and protected by high-limit fidelity bond and liability insurance policies. Indemnification letters can also be issued in the rare event that a loss of funds occurs as a result of negligence.

To learn more or to start the process, visit the First American Exchange Company website. You can call the company’s toll-free number or submit a request for a callback to learn about the next steps.

Computershare Corporate Trust: Best for Simple 1031 Exchanges

Why We Like Computershare Corporate Trust

In 2021, Computershare completed the acquisition of Wells Fargo’s Corporate Trust business, which included its portfolio of 1031 like-kind exchanges. Computershare does not provide much information about its 1031 exchange services on its website, but it still made our roundup of the best providers due to its expertise in regularly handling large assets.

Specifically, Computershare is currently overseeing over $5.3 trillion in debt, nearly $348 billion in assets, and $1.2 trillion in funds movements. This data is based on a 12-month period ending June 30, 2023.

Customers interested in the 1031 process with Computershare will need to visit the company’s website and fill out a form requesting a callback. Once you make contact with a representative, you can request information about the company’s fee structure as costs can vary based on the complexity and details of your scenario.

How We Chose the Best Like-kind Exchange Companies

We considered the following items when choosing the best 1031 exchange companies:

• Nationwide coverage
• Types of 1031 exchanges offered
• Amount of insurance for management of exchange funds
• Additional products or services
• Fees charged
• Customer and online reviews or ratings

Other Considerations in a 1031 Exchange

Unless you’ll be paying for your new property in cash, you should also consider the costs associated with getting a loan on your 1031 replacement property. You can view our guide on how to get a small business loan to improve your chances of getting approved at the lowest rates possible.

Rates on mortgage loans do vary on a daily basis. They can also fluctuate based on the details of the property you’re purchasing. Check out our discussion on commercial real estate loan rates to learn more about how rates are usually determined, as this could help you save some money during the loan process.

Frequently Asked Questions (FAQs)

What is a 1031 exchange?

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What are the benefits of a 1031 exchange?

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Can a 1031 exchange help you avoid paying taxes?

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Bottom Line

A 1031 exchange can help you defer capital gains taxes when you sell property. Since it can be a complicated process, we recommend using one of the 1031 exchange companies we’ve identified in this guide. Each provider has its strengths and weaknesses, and the best one will depend on your specific circumstances.