If you're not part of the solution, you're part of the problem. A 1031 exchange could be part of your solution!
Get to know Steven Monk
"If you're not part of the solution, you're part of the problem" is a motto Steve Monk, Vice President and Regional Manager of Exeter 1031 Exchange Services, LLC takes to heart both in his business and personal life. Whether it be working with developmentally challenged children and adults, as a coach for the Fresno Junior Grizzlies League or helping clients outline their options for tax-deferred exchanges, often finding unique options not presented by other companies, Steve is committed to helping others surmount challenges and resolve their problems.
I also apply this philosophy to my personal life. I'm a coach for the Fresno Junior Grizzles League, which is a baseball league for developmentally challenged children and adults. The other day I was pitching to one of the kids and he couldn't make contact with the ball. After a few pitches I placed the ball on a tee and showed him how to swing. When he hit the ball he was so excited he forgot to run to first base. Excitement and happiness in its purest form.
Overview of 1031 Exchange Services
Exeter 1031 Exchange Services, LLC is a leading national provider of comprehensive 1031 Exchange services, which include functioning as the Qualified Intermediary ("Accommodator") and/or the Exchange Accommodation Titleholder for forward ("delayed"), reverse, and improvement ("build-to-suit") 1031 Exchange strategies for both real estate and personal property transactions.
Nationwide 1031 Exchange Services
Exeter works with individual, corporate and institutional clients in all 50 states providing creative solutions for complex 1031 Exchange transactions. Your dedicated client account team will provide customized programs to meet your unique 1031 Exchange needs no matter where you or your investments are located.
Exceptional 1031 Exchange Expertise, Experience and Knowledge
You need much more than just a 1031 Exchange processor in today's real estate marketplace. 1031 Exchange transactions are complex income tax structures that require creative, customized solutions in order to meet your needs. Exeter is a sophisticated institutional Qualified Intermediary that can provide you with much more than just the standard processing capabilities.
At Exeter 1031 Exchange Services, LLC, we have the technical expertise, decades of experience and significant in depth knowledge necessary to structure and customize a 1031 Exchange solution to fit your specific investment objective and to guide you through your 1031 Exchange transaction. Exeter is there for you every step of the way.
In addition, Exeter has the financial strength, stability, equity capital and administrative resources to ensure the successful completion of your 1031 Exchange transaction.
Steven Monk's Blog Posts
I focuse my profession specifically with 1031 exchanges which are possible through IRS Section 1031. A 1031 exchange allows investors to suspend income tax liabilities that arise from the sale of rental property. Such a suspension can be indefinite, providing the investor maintains his exchange of like-kind rental properties throughout his life, a method Steve Exeter has termed "swap ‘til you drop." Both partial and full tax deferrals are available, depending on the certain conditions met by investors. "Sellers must meet certain requirements to defer 100 percent of federal, and in most cases, state, capital gain and depreciation recapture income tax liabilities on the sale of investment property. Generally, for full tax deferral, the seller must acquire like-kind replacement property that is equal to or greater in net value than the relinquished property; must reinvest all of the net proceeds or cash from the sale of the relinquished property; and, must replace the same amount of debt that was paid off on the sale of the relinquished property with new debt of an equal amount on a like-kind replacement property."