Rental Property Investor 路 Atlanta, GA 路 Member since 2018 路 41 posts 路 29 votes
Has anyone used e1031xchange owned by the law firm of Jerry M. Feeney in NY? The fee is a flat $495 for a one-one exchange. Pricing is great but are they legit?
I have not used the 1031 exchange service but I used him to close on a condo purchase several years ago in NYC.
He is not that great overall. Like a lot of attorneys out there, he sweet talks you to bring you in but after that he ghosts you. You deal primarily with his assistants and paralegal staff.
Also, I noticed his office has poor controls over sensitive data. His office sent everything via email without any password controls or anything of that sort.
Another issue I had with him was he did not priortize my needs at urgent times during my transaction with him. This was extremely frustrating since he charges a pretty penny for closings.
Based off my experience I would not recommend him for a 1031 transaction.
I recently completed my 2nd 1031 exchange with them and couldn't be more satisfied. Prompt, great communication, efficient ... and most importantly they are 100% legit 馃槈
I did my first 1031 and used them. They did great and are legit. I would never use another company, I see no reason to pay more, I don't see how another company could have provided better service. My only comment, oddly, the person you talk to when you first call in with questions is gruff; he wasn't a bubbly salesperson type.