What is a 1031 exchange?

"Section 1031 of the IRS tax code allows you to defer taxes on capital gains from the sale of investment properties if all the proceeds are promptly invested in replacement properties. Basically, you’re deferring the taxes until you sell the new property."

What types of real estate qualify for 1031 exchanges? Can I do a 1031 exchange on my vacation home or rental property?

"Vacant or raw land that’s held for investment purposes qualifies for a 1031 exchange. Properties you’re renting out qualify, but a primary residence or vacation home doesn’t."

When do I have to decide about making an exchange?

"You have to decide to engage in an exchange before you sell the relinquished property. If you sell the property before deciding to do an exchange, you can’t defer the capital gains by investing in the new property—the transaction has been completed and you’ve acquired the tax liability."

When is the 1031 exchange completed?

"It’s complete when you close on the replacement property."

Do I need to have a mortgage on the replacement property?

"No. The rule is, after paying off the mortgage, all the net proceeds from the sale must go into the replacement property. That means the new property must be of equal or greater value than the relinquished property. If you have the cash to pay the difference, you don’t need to have a mortgage on the replacement property."

Can the proceeds from the sale of a relinquished property be held in escrow?

"Yes. We warehouse the proceeds from the sale in client accounts and apply them to the purchase of a replacement property."

Is there a limit to how long the proceeds can remain in escrow?

"Yes. There are two deadlines, one at 45 days and another at 180 days. Starting from the day of the sale, you have up to 45 calendar days to identify one or more replacement properties. You have to close on one of the identified properties within 180 calendar days. If you miss either of these deadlines, you incur the capital gains tax liability from the sale. The deadlines are pretty much set in stone and can only be waived in cases where a natural disaster affects the property. Personal emergencies don’t count."

INDEPENDENT EXCHANGE SERVICES, INC. - 294 Surveys, Videos, Articles, & More

Name: Independent Exchange Services, Inc. - Diamond Certified Video Profile
Uploaded: 2018-08-10T21:54:25Z
Channel: Diamond Certified Resource

Diamond Certified Researched Articles on Independent Exchange Services, Inc.

Front Row (L to R): Kris Champion Morton (Exchange Coordinator) and Billie Sue Records (Exchange Officer); Back Row (L to R): Ian Bunje (President), Ralph Bunje (Chairman) and Jeff Lowenstein (Exchange Coordinator); Not Pictured: Frank Nishimoto (CFO)

Independent Exchange Services, Inc. provides IRS Section 1031 exchange services—essentially a deferral of capital gains taxes from the exchange of investment properties—for real estate investors throughout the Greater Bay Area and beyond. The company acts as a third party, qualified intermediary for various types of exchanges, including delayed, simultaneous, reverse, built-to-suit and international.

President Ian Bunje says the company strives to be as service-driven as possible and make the exchange process simple and hassle-free for its clients. “We know each person’s questions, problems and issues differ, so we tailor each transaction to meet those specific needs.”

The company operates as part of the 1031 Strategies & Services Group. It’s a boutique exchange firm, which means it doesn’t handle thousands of transactions a year and is able to take a personalized approach to dealing with its clients. For more information on the company’s services or 1031 exchanges in general, Mr. Bunje invites potential clients to visit 1031pro.com.

Ralph Bunje, Chairman

Diamond Certified Researched Capabilities on Independent Exchange Services, Inc.

Service Area

The Greater Bay Area
The Nation

Serving the Greater Bay Area and the Nation

Main Services

Real Estate - Exchange & Reverse Exchanges

1031 Exchange Calculation
1031 exchanges
1031 Reverse Exchanges
Investment Property Exchange Services

Additional Services

Real Estate Exchange Services
Reverse Exchange Services

Company Info

Hours

Mon

08:30 am - 05:00 pm

Tue

08:30 am - 05:00 pm

Wed

08:30 am - 05:00 pm

Thu

08:30 am - 05:00 pm

Fri

08:30 am - 05:00 pm

Sat

Closed

Sun

Closed

Mon – Fri: 8:30am – 5pm

Website

Contact

Independent Exchange Services, Inc.

(877) 312-1320

(415) 742-1989

25954 Eden Landing Road, Hayward, CA 94545

Capabilities Table

Company Name

Independent Exchange Services, Inc.

Website

https://www.1031pro.com

Phone Number

(877) 312-1320

(415) 742-1989

DCID Number

DCID8009391031, DCID4157825201

Managers

Ian Bunje, President,

Ralph Bunje, Chairman

Years in Industry

40 (Manager)

# of Employees

Memberships

Better Business Bureau, Federation of Exchange Accommodators (FEA)

Insurance

Liability Insurance

Founded

1980

Customer Type

Real Estate Investment Used in Trade or Business for Industrial, Commercial, or Residential Properties

Certifications & Awards

diamond certified

Key Factors

Established in 1980

Live Phone Call Answers

Parking On site

Ralph Bunje Jr. is a veteran of the financial industry and chairman of Independent Exchange Services, Inc., a Diamond Certified company since 2004. He can be reached at (877) 312-1320 or by email.

Ralph Bunje Jr.: A Successful Exchange

By James Florence, Diamond Certified Resource Reporter

SAN FRANCISCO — Over the course of several decades working in the financial sector, Ralph Bunje Jr.’s professional emphasis gradually became more and more specialized. “After I got out of the Navy, I became a stockbroker,” he recounts. “About six years later, I became a CPA for a San Francisco firm, and after that I formed a financial consulting practice that handled a variety of needs. Today, we primarily handle 1031 exchanges, wh...

Read Full Article - Ralph Bunje Jr.: A Successful Exchange

Independent Exchange Services, Inc. Ratings and Survey Responses (reviews)

Rated Highest in Quality and Helpful Expertise PERFORMANCEGUARANTEED

Independent Exchange Services, Inc.

294 SURVEYS

23 CONSECUTIVE YEARS

SINCE AUGUST 2004

CERT 464

Diamond Certified Ratings Dashboard

Customer Satisfaction

Customer Loyalty

Helpful Expertise

Company Credentials

Liability Insurance
Business Practices
Current Complaint File

Independent Exchange Services, Inc.

Based in Hayward, CA

4.7 avg. star score from 294 Verified Customer Phone Survey Responses

(Reviews: Scroll down to read them.)

Our surveys of only verified real customers produce the country’s most accurate ratings of local companies. Independent Exchange Services, Inc. scored Highest in Quality and Helpful Expertise and passed the credential-based checks to earn Diamond Certified.

A Star Equivalent Score is calculated for each verified customer rating by weighting the 1–10 Quality score, the YES/NO Loyalty (intent to return) score and the YES/NO Helpful Expertise score. If Helpful Expertise wasn’t surveyed or didn’t apply, it’s simply not shown.