Diamond Certified Video Reports

Independent Exchange Services, Inc. in Diamond Certified Company Profile

Independent Exchange Services, Inc. Diamond Certified Video Profile - video transcript

Hi, I'm Ralph bungee. I'm a CEO of independent exchange services and reverse exchange services managed by 1031 Strategies and Services Group. We do section 1031 exchanges of real estate and have been doing so for the last 36 years. We do both forward and reverse 1031 exchanges for our clients. Basically, that is a deferral of capital gains tax from one income-producing property to another. In addition, we also do reverse exchanges, which is the parking of a piece of real estate which you intend to acquire in the future. This allows you to do your forward exchange at a later date, support exchange into the reverse property, and then acquire that replacement property. What we're good at is helping you develop a strategy. You're trying to get a job done, you want to know where you're going before you leave where you have been. We try to work with you. We're happy to meet with you, we're happy to answer your questions at any time, whether it's before or after the exchange, or during the exchange. We're always here for you, that's what we do. We've been in this business probably since the inception of doing 1031 exchanges when the Starker case ended in 1980, and so we're one of the oldest firms in the business. We're also a smaller boutique firm. We have a very hands-on approach to each one of our clients. The business is not just about turning paper, it's about understanding what the client needs, what the client intends to do with your exchange, and whether or not an exchange is right for them. You always want to do what you like to do. You know if you do what you like doing, you'll always do your best. If you do your best, people want what you have to offer, and if that's true, the revenue closes. So we don't chase the revenue, we basically chase the relationship, and we really enjoy people. My life is about helping people's life work better. It's a philosophical thing with me, but that's why I do it, and that's I think why we've been successful.