|Services for Real Estate Pros||
|Certified Exchange Specialist|
|location_on Fort Walton Beach, FL — Atlas 1031 Exchange, LLC|
|web 1031 Tax Deferred Like Kind Exchanges and Self Directed IRAs from Entrust|
Atlas 1031 Exchange, LLC is a customer focused, service oriented, ethics driven accommodator of IRC Section 1031 tax deferred exchanges. With offices in Houston and Dallas, Texas and corporate office in Destin, Florida, I accommodate both US and non resident individuals, trusts and corporations tax deferred exchanges throughout the United States. I am a sole practioner and received the Certified Exchange Specialist designation in 2006. Todate, I have completed personally over six hundred exchanges in nearly every state with the majority buying and selling real property though have accommodated heavy road equipment, show horses and aircraft.
I focus on reverse exchanges and accommodate conservation easements, ranches, hotels/motels, commercial and vacation properties. Atlas 1031 carries both a fidelity bond and error and omissions insurance.
Security, trust, accessibility and experience are hallmarks of Atlas 1031 Exchange. Qualified Escrow Agreements are in place between the Exchangor, Atlas 1031 and the bank requiring dual signatures for disbursement.
Patience and gratitude are conveyed for the opportunity to listen and educate the new client along with thoroughness and efficiency for the returning or more experienced exchangor.
Referrals are generated from Realtors, Accountants, Attorneys, Financial Planners and Lenders from continuing education classes taught in Florida and Texas.
Personally, I was raised in West Lafayette, Indiana and graduated from Vanderbilt University in Nashville, Tennessee with a B.A. in Economics. Prior to entering the exchange industry, I spent thirteen years in the Enterprise Resource Planning software industry selling, managing and implementing. I settled in the Destin, Florida area in 1999. I am father to three humble adults, an avid runner (sub 9 minute mile) and competitive (4.0) tennis player. I have competed in Florida USTA tournaments and completed the Seaside half marathon, 10K, and 8K events including the 10K in Charleston, South Carolina along with 36,700 participants in the Cooper River Bridge Run.
There are many types of exchanges including forward or delayed, reverse, build to suit, improvement and leasehold improvement exchanges. Both real and personal property held in a business or the production of income are eligible for 1031 tax deferred consideration. I focus on safe harbor reverse, build to suit and improvement exchanges and enjoy working with individuals, trustees and corporations to accommodate conservation easements, land, commercial and vacation properties.
Forward exchanges are when the old property is sold first, followed by the purchase of a new property. These are fairly straight forward. Reverse exchanges are when the new property is purchased first, followed by the sale of the old property. Build to suit and improvement exchanges are when a property is improved with the exchange proceeds or net equity and or construction loan. Leasehold improvement exchanges are a bit more complicated requiring a 30 year and 180 day lease of the ground rights with the exchangor allowing for improvements to be constructed on land the exchangor already owns.
Tenants in Common and single tenant, triple net leases, oil and gas royalties are types of professionally managed replacement properties for the exchangor with a net worth of over one million dollars and interested in a monthly cash flow. Types of tenants in common properties include hotels, office complex, marinas, nursing homes, warehouses, multifamliy apartments and shopping centers.
Worldwide Qualified Intermediary of Internal Revenue Code Section 1031 tax deferred real and personal property exchanges.