6 Best 1031 Exchange Companies for 2023
This article is part of a larger series on Business Financing.
The best 1031 exchange companies can help you handle multiple types of 1031 transactions in all 50 states. These companies will also have funds adequately insured and offer a combination of transparent pricing and additional services, such as banking, title, financial planning, lending, and more.
Below are our six picks for the best like-kind exchange companies for 2023:
- IPX1031: Best overall for financial strength, insurance coverage, and additional services
- First American Exchange: Best for online services and educational content
- Exeter 1031 Exchange: Best for handling complex 1031 exchanges
- 1031X: Best for transparent and flat-fee pricing
- 1031 Services, Inc.: Best for multiple types of 1031 exchanges
- Wells Fargo Commercial (now Computershare Corporate Trust): Best for additional banking services
With a 1031 exchange, you can sell existing property and defer any capital gains taxes. However, it can be a complex process with the potential for penalties if done incorrectly. If you’re not sure if a 1031 exchange is right for you, learn more about it in our guide on how a 1031 exchange works.
IPX1031: Best Overall for Financial Strength, Insurance Coverage, and Additional Services
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Rates & Services | |
Types of 1031 Products Offered |
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Other Products or Services Offered | Exchange planning, title insurance, settlement services, mortgage services and technology, annuities, and life insurance |
Estimated Fees | Not stated; varies |
Amount of Insurance |
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Nationwide Coverage | All 50 states |
Company Website & Online Presence | |
Online Resources Provided | Calculators, blog, educational content, and frequently asked questions (FAQs) |
Notable Online Reviews | 1,990-plus recommendations from Reach150 |
Why We Like IPX1031
IPX1031 operates under Fidelity National Financial as its parent company. As a result, it carries with it the financial strength of its title insurance and real estate services. IPX1031 ensures the safety of its client’s exchange funds with high limits via a fidelity bond, errors and omissions insurance policy, and a written performance guarantee.
One downside is that IPX1031 does not list its fee structure online. To get that information, you’ll need to contact the company or submit an application. Fees vary depending on the type and complexity of the 1031 exchange you’re looking to have completed, and doing so will allow the company to review the details of your situation so that an accurate quote can be provided.
As a customer of IPX1031, you’ll also be able to utilize the products and services offered through Fidelity National Financial. This includes many other related title and real estate settlement services available through its other brands and companies. IPX1031 provides a full list of these available services on its website.
You can visit the IPX1031 website for the company’s toll-free number and link to submit an application. You can also provide your zip code to find one of its nearest office locations.
First American Exchange: Best for Online Services and Educational Content
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Rates & Services | |
Types of 1031 Products Offered |
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Other Products or Services Offered | Title and settlement services |
Estimated Fees |
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Amount of Insurance |
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Nationwide Coverage | All 50 states |
Company Website & Online Presence | |
Online Resources Provided | Webinars, educational content, FAQs, calculators, rulings and cases, fed forms and publications, newsletters, and more |
Notable Online Reviews | Redfin: 4.7/5 stars from 5 reviews |
Why We Like First American Exchange
When you first visit the First American Exchange website, you’ll immediately see the opportunity to “Ask an Expert” any 1031 exchange questions you have. This is consistent with the overall theme of First American Exchange, as it provides a significant amount of educational content surrounding 1031 exchanges.
First American Exchange offers content targeted toward all types of investors, regardless of experience and knowledge. This includes content on the basic types of 1031 exchanges, as well as more advanced material, such as FAQs, calculators, federal forms, publications, and rulings and cases.
First American Exchange is a subsidiary of First American Financial Corporation, a leader of title and settlement services for many mortgage and real estate firms. Exchange funds are deposited with FDIC-insured institutions, but an additional advantage of this relationship between the companies is the ability to provide an indemnification letter to protect your transaction against losses from negligence or fraud on the part of First American.
To learn more about getting the process started, you can visit the First American Exchange website. There, you can find the company’s phone number and option to submit an online form to get a callback.
Exeter 1031 Exchange: Best for Handling Complex 1031 Exchanges
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Rates & Services | |
Types of 1031 Products Offered |
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Other Products or Services Offered | Self-directed individual retirement account (IRA), title holding trust, specialty holding escrow, and custody account services |
Estimated Fees |
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Amount of Insurance |
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Nationwide Coverage | All 50 states |
Company Website & Online Presence | |
Online Resources Provided | Calculator, educational content, webinars, and videos |
Notable Online Reviews |
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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.
Exeter 1031 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.
1031X: Best for Transparent and Flat-fee Pricing
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Rates & Services | |
Types of 1031 Products Offered |
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Other Products or Services Offered | None listed |
Estimated Fees |
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Amount of Insurance | Covered up to FDIC limits |
Nationwide Coverage | All 50 states |
Company Website & Online Presence | |
Online Resources Provided | Blog, calculators, educational content, brochures, guides |
Notable Online Reviews | None |
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 to consider 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.
1031X 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.
1031 Services, Inc.: Best for Multiple Types of 1031 Exchanges
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Rates & Services | |
Types of 1031 Products Offered |
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Other Products or Services Offered | None listed |
Estimated Fees | Not listed, varies |
Amount of Insurance | $1 million-plus Fidelity bond |
Nationwide Coverage | All 50 states |
Company Website & Online Presence | |
Online Resources Provided | Links to publications, articles, news, and FAQs |
Notable Online Reviews | None |
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 to consider for any type of 1031 exchange.
With 1031 Services, Inc., 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 with this company is 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 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.
Wells Fargo Commercial: Best for Additional Banking Services
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Rates & Services | |
Types of 1031 Products Offered |
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Other Products or Services Offered | Banking, mortgage, lending, financial advisory |
Estimated Fees | Not disclosed, varies |
Amount of Insurance | $1 million-plus Fidelity bond |
Nationwide Coverage | All 50 states |
Company Website & Online Presence | |
Online Resources Provided | FAQs |
Notable Online Reviews | None |
Why We Like Wells Fargo Commercial
Wells Fargo Commercial, now Computershare Corporate Trust, offers 1031 exchanges with the benefit of being able to take advantage of the banking and lending services offered through Wells Fargo.
Computershare has a track record of successfully managing large amounts of funds. It has more than $5.2 trillion of debt under administration and over $380 billion in assets, along with $1.5 trillion in funds movements. Those figures are based on the 12-month period ending June 30, 2022.
Information about fees is not listed on the website, so to learn more you’ll need to submit an application or call to provide details about the 1031 exchange you’re looking to complete. You can visit the Wells Fargo website to learn more.
How We Chose the Best 1031 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 loan rates to learn more about how loan rates are usually determined, as this could help you save some money during the loan process.
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.
