Bob was referred to Atlas 1031 by George Brannon Jr., CEO of SETCO Services, LLC, a title and escrow services provider with offices in Destin, Panama City Beach, Seacrest and Perdido Key, Fl. In Bob’s initial call, he explained his intent to sell a condominium held for investment and to initiate a 1031 exchange for real property located closer to his family’s home in Roswell, Ga.
Forward Exchange
There are different types of exchanges with the forward exchange being the most common. Reverse exchanges allow for the new property to be acquired before the sale of the old property.
The forward exchange was an appropriate strategy for Bob. The sale of his Destin, Fl. investment property was closed first, followed by the closing on the Roswell, Ga. property. There was no need to identify property formally given his actions completed the exchange prior to the forty-fifth calendar day milestone.
Testimonial
“The service was great. Andy made it very easy to understand and was always accessible to phone calls and responsive to our emails. We will use Atlas’ services again in the future.”
Bob and Marie Perrotta
Rosewell, Georgia
