1031 Exchange Testimonials

"No one cares, really about how good you are. Clients care about how good they are going to be when you're done with them." Allen Weiss

This 1031 exchange was a referral from AIC Title Services in Oklahoma City, Oklahoma. The client was exchanging a Cessna 340A and replacing with Cessna 310 Q with air. This was a forward exchange where the funds from the disposition were wired to a qualified escrow account and held until needed for the acquisition of the replacement aircraft.

In preparation for an extensive reverse exchange, Josh Rothstein spoke for hours with Atlas 1031's Andy Gustafson. Josh's father also participated in the calls to discuss the steps of a multi property reverse exchange. Josh's grandmother was selling an interest in a commercial property located in Los Angeles County, California. The replacement properties are single family homes needing repair and refurbishment in Texas.

Jeff Boll is General Counsel for SETCO Services, LLC in Perdido Key, Florida. He has worked with Atlas 1031 Exchange and Andy Gustafson for a couple of years referring clients interested in 1031 tax deferred exchanges. When it came to his personal 1031 exchange, he followed his guidance to others and engaged Andy at Atlas 1031 Exchange.

Chris Kim was referred to Atlas 1031 Exchange by his realtor to accommodate the 1031 exchange of vacant land for a rental property in different cities in Texas. The old or relinquished property was sold and the exchange proceeds were wired to an escrow account established under his tax identification number in Leesport, Pennsylvania with VIST Bank. Chris identified a couple of properties as potential replacement property by the 45th calender day post closing. After negotiating the purchase contract for rental property, the closing was held and the exchange proceeds were wired the day before the closing.

Bill and Janice Kincaid were referred to Atlas 1031 by Pam Purdy of Reliable Land Title for the 1031 exchange of their rental property in Navarre, Fla. They had owned the property for more than 10 years and actively rented. The property is located a good distance from their home and they wanted to exchange for replacement property closer to their home. 

Bob was referred to Atlas 1031 by George Brannon Jr., CEO of SETCO Services, LLC, a title and escrow services provider with offices in Destin, Panama City Beach, Seacrest and Perdido Key, Fl. In Bob's initial call, he explained his intent to sell a condominium held for investment and to initiate a 1031 exchange for real property located closer to his family's home in Roswell, Ga.

Vicki Hoover at H & S Title and Escrow in Destin, Florida referred this 1031 exchange to Atlas 1031. The Taxpayer lives in Colorado and was selling and replacing property in the Florida Panhandle.

This 1031 improvement exchange started with a call from Jake Sturman, Senior Vice President for Jones Lang LaSalle in Indianapolis who found Atlas 1031 on the web. He asked a number of questions about Atlas 1031 and the steps of a 1031 improvement exchange. He called later to ask a few more questions and said he would ask his client call to discuss their interest in a 1031 exchange.

The client found Atlas 1031 Exchange on the web and discovered simple explanations and a local Midwestern presence. He felt the depth of 1031 content on the web site was a strong indication Atlas 1031 knew what they were doing. In addition, he felt comfortable reviewing the content and calling with questions. He was new to 1031 exchanges and was "scared" with  someone he didn't know holding his money.

This was a 1031 exchange where the taxpayer found Atlas 1031 on the web, sold a gas station and convenience store and replaced with a larger gas station and convenience store. One of the considerations was whether personal property would be exchanged. This meant storage racks, ice machine or any equipment that was not affixed to the ground. The taxpayer elected not to include any personal property in the 1031 exchange.