1031 Exchange company in Sacramento

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1031 Exchange company in Sacramento

A Saelee
Real Estate Agent · Sacramento/Butte County · Member since 2019 · 11 posts · 3 votes

Hi everyone! 👋 I’m looking for recommendations for a reliable company or qualified professional to help with a 1031 exchange. If you’ve recently completed a 1031 exchange or have had a good experience with a company that specializes in this process, I’d really appreciate your recommendations and feedback.

Please share the company name, your experience, and any tips or things to watch out for. Thank you in advance for your help! 🙏

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Bill B.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
3w

I can 100% recommend @Dave Foster right here on BP. You can search for his history here and know he has offered unlimited help for years and I have yet to see a single bad comment of his service.

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    3w

    I can 100% recommend @Dave Foster right here on BP. You can search for his history here and know he has offered unlimited help for years and I have yet to see a single bad comment of his service.

    1Reply
    • A Saelee
      OP
      Real Estate Agent · Sacramento/Butte County · Member since 2019 · 11 posts · 3 votes
      3w

      Hi Bill,

      Thank you for the recommendation.

      1Reply
  • Dave FosterBusiness Member
    Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
    3w

    @Bill B.Thanks for that kind shout out.

    @A Saelee , I'll reach out via PM. There are also a number of QIs here on BP. You can check profiles to see BP client referrals.

    The 1031 Investor5140 Reviews
    WebsiteView Page
    0Reply
  • Roxanne Quane
    Real Estate Broker · Sacramento, CA · Member since 2016 · 27 posts · 15 votes
    2w

    I have worked with Bob Schardt over at Asset Preservation, Inc. in Roseville. (800) 282.1031x3523

    1Reply
    • A Saelee
      OP
      Real Estate Agent · Sacramento/Butte County · Member since 2019 · 11 posts · 3 votes
      2w

      Hi Roxannae,

      Thank you for the recommendation.

      0Reply
  • Scott ScovilleBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2019 · 502 posts · 276 votes
    2w

    I can definitely recommend someone. I’m a fix and flipper in the Sacramento Northern California area and I also work as an agent with other investors, and I’m currently helping a buyer through a 1031.

    We’ve been working with Russell Marsan at IPX1031, and I can’t say enough good things about him. He’s a Senior VP and a Certified Exchange Specialist (CES®). He explains the rules clearly, keeps everything on track, and is quick to respond, which really matters with these timelines.

    Russell Marsan, CES®
    Senior Vice President, IPX1031
    530.755.8355
    [email protected]
    www.ipx1031.com/marsan

    A few general tips:

    • Get the intermediary set up before you close on your sale. Once you take possession of the proceeds, you can’t do the exchange.

    • Start looking at replacement properties early. You only get 45 days to identify them and 180 days to close, so it helps to have options lined up before your sale closes.

    • Know what qualifies. A property you buy to fix and resell generally won't work for a 1031, since it's considered held for resale. Fix and hold, like a BRRRR or long-term rental, is a much better fit.

    Run your plan by Russell and your CPA before you count on anything. Happy to answer questions about the buy side if you’re looking in the Sacramento area!

    [email protected]415-933-2202
    Scoville Realty & Investments LLC
    WebsiteView Page
    1Reply
    • A Saelee
      OP
      Real Estate Agent · Sacramento/Butte County · Member since 2019 · 11 posts · 3 votes
      2w

      Hi Scott,

      Thank you for the referral and the information. I appreciate it.

      0Reply
  • Ashish AcharyaBusiness Member
    CPA, CFP®, PFS · Sarasota, FL · Member since 2017 · 5k+ posts · 3k+ votes
    2w

    A, it looks like you’ve gotten some good QI recommendations here. One thing I’d add is that I’d have the CPA and qualified intermediary involved before the sale closes, not just once the exchange is already underway.

    The QI handles the mechanics of the exchange, but the tax side is worth modeling ahead of time adjusted basis, depreciation, estimated gain, potential boot, debt replacement, and what the replacement property needs to accomplish for the investor. I’d also be careful with the idea that any property can simply be exchanged. A property held primarily for sale generally isn't eligible for 1031 treatment, so the investor's actual intent and use of the property matter.

    For agents working with investors, having that conversation early can prevent a situation where the client gets to closing and only then realizes the tax consequences or exchange requirements.

    Feel free to DM me I’d be happy to send over a few resources that might be helpful.

    [email protected]941-914-7779
    INVESTOR FRIENDLY CPA®4.9242 Reviews
    WebsiteView Page
    TaxMD® | Tax Planning Software
    WebsiteView Page
    1Reply
    • A Saelee
      OP
      Real Estate Agent · Sacramento/Butte County · Member since 2019 · 11 posts · 3 votes
      2w

      Hi Ashish,

      Thank you for responding and providing information.

      0Reply
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