The 1031 Brief Podcast

Listen as we break down real estate, tax, and 1031 exchange concepts in plain English, without the hype and without burying the answer under jargon.

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Take control of your 1031 exchange.

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INTRODUCTION

How does a self-serve exchange work?

First American Exchange Company offers one of the industry's first self-serve 1031 exchange options. Built for the modern real estate investor, our platform allows you to open and manage a 1031 exchange entirely online - on your time and your terms. Whether you're an experienced investor or exchanging properties for the first time, our secure digital solution streamlines the process while giving you full access to the expertise, security and trust of First American. If you have a straightforward transaction and want to move quickly and efficiently, the platform provides everything you need to get started with confidence. Our self-serve platform reflects our commitment to modern, forward-thinking solutions that prioritize security, trust and service.

HOW IT WORKS

Why start a self-serve exchange?

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Convenient

Open your exchange online in minutes, anytime - no calls required.

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Secure

Our platform is powered by First American's strong infrastructure and commitment to security.

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Expert

You'll have the ease of online tools, plus access to experience exchange professionals, if needed.

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Transparent

Easily upload and access your exchange documents in one centralized place.

TESTIMONIALS

Our customers trust us.

Our customers trust us.

The First American Florida team managed our 1031 exchange that had multiple complexities with unparalleled professionalism, efficiency, quick turnaround, trustworthiness and patience. We could rely on them to guide us through this process every step of the way, which removed a huge burden from us.

Amra from Florida

Our customers trust us.

1031s are not easy, but the Louisiana team at First American made what felt very complicated, much easier. I was so grateful for their help, support and clarity in answering all my questions and getting the 1031 done exactly as required.

Trina from New York

LET'S CONNECT

Ready to get started?

Getting started is free and easy. Complete your documentation online and an exchange officer will be in touch with your shortly.

Your questions, answered.

Still looking for your question? Review our frequently asked questions (FAQ) page for more information.

Your Qualified Intermediary should handle your exchange funds with a sense of care and trust, offering financial strength, experience, and nationwide service, along with solid credentials in facilitating tax-deferred exchanges.

Learn more about how First American Exchange Company meets these standards.

It is important to review your goals for a 1031 exchange, and all potential courses of action, with your independent tax and legal advisor(s) prior to commencing the exchange transaction. First American Exchange Company can provide helpful guidance in addition to exchange facilitation services, but cannot offer tax or legal advice, so it is essential to build a team of trusted advisors to work together with you and your Qualified Intermediary to avoid any unintended or unexpected obstacles to a successful exchange.

Learn more about qualified intermediaries.

Once your property is sold, it is too late to set up an exchange. That's why you should start considering the details of a potential exchange before putting your investment property on the market. This way, you will have time to contemplate the various factors at play and vet the process with your independent legal and tax advisors, as well as with First American Exchange Company. However, an exchange can be set up any time before the sale and transfer of your investment property. It is preferable to bring First American Exchange Company into the process at least two weeks before the planned closing date so that we can verify all details and prepare your documents with ample time for closing.

Learn more about the full 1031 exchange process.

Each 1031 exchange is unique. At First American Exchange Company, we are committed to providing top-tier, customized service to our clients by taking the details of each transaction into consideration. Our fees reflect many factors, including the type and number of properties involved, the location of the properties, and the overall complexity of the exchange. Rather than a one-size-fits-all approach, we tailor fees to the specific transaction, and we provide clear guidance on pricing upfront so you know exactly what to expect. Because reverse exchanges involve additional structural and legal requirements, those transactions typically carry higher fees than a standard forward exchange. At First American Exchange Company, our fees are transparent and comprehensive, with most wires and administrative services included.

When selecting a Qualified Intermediary (QI), we encourage you to ask how your exchange funds will be held, whether fees have any hidden qualifiers (for example, if the fee only includes one property), and if additional charges, like wire fees, rush fees, or administrative costs, may apply. As part of the First American Financial family, we deposit exchange funds only with FDIC-insured, investment-grade banks and hold funds in segregated, taxpayer-designated accounts. We maintain broad fidelity and professional-liability coverage, and we operate under strong financial controls and governance. All our customers benefit from the financial strength of First American, supported by the expertise of our nationwide team of exchange specialists.

Learn more about why First American Exchange Company is an industry leader.

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First American Exchange Company, LLC a Qualified Intermediary, is not a financial or real estate broker, agent or salesperson, and is precluded from giving financial, real estate, tax or legal advice. Consult with your financial, real estate, tax or legal advisor about your specific circumstances. First American Exchange Company, LLC makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, and First American Exchange Company are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.

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