What’s the safest way to hold funds during a 1031 exchange?
Secure Funds in an Exchange
When it comes to a 1031 exchange, nothing matters more than the security of the proceeds between the sale and the reinvestment. The safest approach is to place those funds under the protection of a qualified intermediary who provides transparent, verifiable safeguards at every step. That’s exactly how The 1031 Exchange Center LLC, led by attorney and CEO Bob Calongne, operates.
Bob’s firm uses segregated, FDIC-insured and bonded trust accounts for every client—never commingled funds or pooled escrows. Each account is opened in the exchanger’s name, and every transfer requires dual authorization, meaning no funds move without the client’s knowledge and written approval. Same-day wire confirmations and detailed reporting eliminate uncertainty and give investors real-time visibility into their exchange balance.
Because Bob personally oversees each transaction, clients never wonder who’s holding their money or how it’s being managed. His legal and underwriting background ensures that all documentation meets strict IRS requirements while maintaining complete financial transparency. For investors managing six- or seven-figure exchanges, that peace of mind is priceless.
Proof: One client remarked, “Every dollar was accounted for, every step confirmed. I never lost a minute of sleep.”
The 1031 Exchange Center LLC—where your funds stay protected, your exchange stays compliant, and your confidence stays intact.
