Exeter 1031 Exchange Services, LLC Expands Into Phoenix Arizona

National Expansion Continues into Phoenix Arizona 

Exeter 1031 Exchange Services, LLC announced its plans to continue its nationwide expansion of its 1031 Exchange Services Group into other geographic markets, including Phoenix, Arizona with the launch of its Southwest Regional Office.

Exeter 1031 Exchange Services
Opens Southwest Regional Office
in Phoenix, Arizona

New Southwest Regional Office in Phoenix, Arizona 

Exeter 1031 Exchange Services, LLC announced that it has opened its new Southwest Regional Office located at Exeter 1031 Exchange Services, LLC, 2415 East Camelback Road, Suite 700, Phoenix, Arizona 85016.  

The new Southwest Regional Office in Phoenix, Arizona will be staffed by David Blair,  Business Development Officer, Exeter 1031 Exchange Services, LLC.  David Blair is a five-year veteran at Exeter 1031 Exchange Services, LLC and is very excited about opening the new office in Phoenix, Arizona for Exeter 1031 Exchange Services, LLC.  

Exeter 1031 Exchange Services, LLC Further Expands Business Development Team

Kevin Foster joins Exeter 1031 Exchange Services

Kevin Foster joins the Business Development team of The Exeter Group, LLC and its affiliated companies, including Exeter 1031 Exchange Services, LLC, Exeter Reverse 1031 Exchange Services, LLC and Exeter IRA Services, LLC, and their affiliated companies as a Business Development Officer.

Mr. Foster to be Located in Exeter 1031 Exchanges' Northwest Regional Office in Seattle, Washington 

Kevin Foster will be responsible for our Northwest Regional Office located in Seattle, Washington.  The Northwest Regional Office in Seattle will serve as a regional business development office for our 1031 Exchange Services Group.

Kevin will be responsible for the day-to-day sales, marketing and client relationship management for the Northwest Region, including, but not limited to, Washington, Oregon, Idaho, and Wisconsin.

1031 Exchange Experience

Mr. Foster can assist clients with Forward 1031 Exchanges, Reverse 1031 Exchanges and Improvement 1031 Exchanges. He has worked extensively with escrow officers, settlement agents, real estate agents and brokers, closing attorneys, registered investment advisors and registered securities representatives in the administration of their clients' 1031 Exchange transactions.

While new to the 1031 Exchange industry, Kevin is very familiar with 1031 Exchanges having attended hundreds of industry related conferences, educational programs, seminars and webinars, escrow meetings and trade show events over the years.  

Exeter 1031 Exchange Services, LLC Expands Into Chicago Illinois

1031 Exchange Services Group Expansion Continues

Exeter 1031 Exchange Services, LLC announced plans to continue its nationwide expansion of its 1031 Exchange Services Group into other important geographic markets, including Chicago, Illinois.

Exeter 1031 Exchange Services
Expands Into Chicago, Illinois

Exeter 1031 Exchange Services, LLC previously announced that Lauren Speidel had joined the company's Business Development Team and is responsible for the sales and marketing activities in the Midwest Region, including Chicago, Illinois.

New Midwest Regional Office in Chicago, Illinois 

Exeter 1031 Exchange Services, LLC's
Midwest Regional Office
Chicago, Illinois

Lauren Speidel will be opening the company's new Midwest Regional Office in Chicago, Illinois located at 1136 South Delano Court, Suite B201, Chicago, IL 60605.  Lauren will be
responsible for sales, marketing and client relationship management for the Midwest Region, including, but not limited to, Chicago, Illinois, Wisconsin, Minnesota, Michigan, Ohio, Indiana, Iowa, and Missouri.

Exeter 1031 Exchange Services, LLC Expands Business Development Team

Lauren Speidel joins Exeter 1031 Exchange Services

Lauren Speidel joins the Business Development team of The Exeter Group, LLC and its affiliated companies, including Exeter 1031 Exchange Services, LLC, Exeter Reverse 1031 Exchange Services, LLC and Exeter IRA Services, LLC, and their affiliated companies as a Business Development Officer.

Exeter 1031 Exchange Services, LLC to Open Midwest Regional Office in Chicago, Illinois 

Lauren Speidel will be responsible for opening our new Midwest Regional Office to be located in

Lauren Speidel Joins
Exeter 1031 Exchange

Chicago, Illinois.  The new Midwest Regional Office in Chicago will serve as a new regional business development office for our 1031 Exchange Services Group.

Lauren will be responsible for the day-to-day sales, marketing and client relationship management for the Midwest Region, including, but not limited to, Chicago, Illinois, Wisconsin, Minnesota, Michigan, Ohio, Indiana, Iowa, and Missouri.

Extensive 1031 Exchange Experience

Lauren can assist clients with Forward 1031 Exchanges, Reverse 1031 Exchanges and Improvement 1031 Exchanges. She has worked extensively with financial planners, escrow officers, settlement agents, real estate agents and brokers, closing attorneys, registered securities representatives and accountants in the administration of their clients' 1031 Exchange transactions.

Lauren Speidel is very familiar with the 1031 Exchange industry.  Lauren has worked with Inland Securities and Inland Private Capital for close to a decade, specializing in investment products such as REITs and alternative replacement property options for clients performing 1031 Exchanges such as Tenant-In-Common (TICs) and Delaware Statutory Trusts (DSTs) investment properties.  She has also worked in the financial services and banking industries as well.

Exeter 1031 Exchange Services, LLC Expands Into Seattle, Washington

1031 Exchange Services Group Expansion Continues

Exeter 1031 Exchange Services, LLC announced plans to continue its nationwide expansion of its 1031 Exchange Services Group.  The nationwide expansion will include other important geographic markets such as Seattle, Washington. 

Northwest Regional Office
800 Fifth Avenue,
Suite 4100,
Seattle, WA 98104

New Northwest Regional Office in Seattle, Washington 

Exeter 1031 Exchange Services, LLC will be opening its new Northwest Regional Office in Seattle, Washington to be located at 800 Fifth Avenue, Suite 4100, Seattle, WA 98104 in May, 2017. 

The Northwest Regional Office will be responsible for sales, marketing and client relationship management for the Northwest Region, including, but not limited to, Washington, Oregon, Idaho and Wisconsin markets. 

Listen to a full interview of Bill Exeter, president and chief executive officer, Exeter 1031 Exchange Services, LLC on the topic of 1031 Exchange issues with host Athena Paquette. Bill Exeter covers the basic issues of 1031 Exchanges, including the requirements and compliance issue necessary to successfully structure and complete a tax-deferred exchange.

What Does Like Kind Property Mean Exactly?

Well, the answer to this question depends on the type of property that we are talking about. It is relatively easy to answer and determine what is like kind property if we are talking about real estate, but it is not so easy if we are talking about personal property.

Asset Classes
The vast majority of tax deferred exchange transactions involve real estate. In fact, I would estimate that over 98% of all tax deferred exchanges are exchanges of real property, which are much easier to determine whether the real property sold is like-kind to the real property acquired. Personal property tax deferred exchanges get more complicated in terms of determining whether the properties are like-kind or not.

Like-Kind Property
The determination as to whether real estate is like kind to other real estate is relatively easy. Any kind of real estate is like kind to any other kind of real estate provided that the properties sold and the properties acquired are held for:

• Rental (Income Production)
• Investment (Appreciation or Growth)
• Used in a trade or business

That's it. As long as the real property you are selling and the real property you are buying fall within these categories your properties will be considered like-kind property.

Determining whether personal property is like kind to other personal property gets much more complicated. Personal property must be broken down into its asset classes and the determination as to whether the properties are like kind are made by asset class and not as a whole.

State of California Proposes Restrictions on 1031 Exchange Property

State of California Proposes to Require that Like-Kind Replacement Property for Tax-Deferred Exchanges be located within the State of California.

The California Legislative Analyst's Office (LAO) has issued a proposed change to the State of California's requirements for 1031 exchanges. The proposal would disallow Tax Deferred Exchanges of California real property into out-of-state (non-California) "commercial" property (commercial property has not been adequately defined at this point in time).

Federal Capital Gain Taxes Deferred; but State of California Capital Gain Taxes Would Be Recognized

This proposed change would mean that you could still complete a tax-deferred exchange and the Federal capital gain and depreciation recapture income tax liabilities would continue to be tax-deferred, but any State of California capital gain and depreciation recapture income taxes would be realized and recognized unless the like-kind replacement property was also acquired within the State of California.

We will provide you with updated information as it becomes available.