1031 Facilitation by Velocity 1031 and Fyntex
Optimizing Your 1031 Exchange Experience
Our Unique Approach to Facilitating Your 1031
While it's true that we have developed a state of the art 1031 processing platform, the goal is never technology for technology's sake. We use the efficiencies created by this modern processing platform to allow us more time to engage with our Exchangers to ensure that their exchange is facilitated flawlessly, and that their personalized experience will turn them into Fyntex 'clients for life'.
- An encrypted processing environment where your information is always secure
- Absolute funds security with trust accounts at large banks in the name of the Exchanger
- 24/7 transactional visibility for Exchangers and state of the art 1031 concierge support
Ensuring That Your Exchange Is IRS Compliant
Steps to a Successful 1031 Exchange
Set up 1031 exchange prior to closing
Let us create your exchange documents and set up your 1031 trust account
Close on the relinquished (Sale) property
Close your sale and receive your exchange proceeds into your account
Identify new properties within 45 days
Use one of the IRS ID rules to identify candidate properties for purchase
Close new properties within 180 days
Complete all your purchases and report your exchange to IRS on Form 8824
Now That You Know the Process, Let's Get Started!
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Fully Secured Processing
We faciliate your exchange within a fully encrypted environment an create the trust account in your name. This means that your personal data as well as your exchange funds on deposit are always safe.
Expert 1031 Support
Our team of expert Concierges are always available to answer your questions via secure messaging, phone, or Zoom video conference. We're determined to make your 1031 experience painless!
24/7 Visibility & Efficiency
Even prior to your closing you can use your secure workspace to communicate with your 1031 Coordinator or upload critical information or documents related to your transaction
