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Home » Exchange Basics » Opening a 1031 Exchange

Opening a 1031 Exchange

OPENING AN EXCHANGE WITH API (#69)
“INVESTORS HAVE SEVERAL OPTIONS WITH 
ASSET PRESERVATION, INC.”

  • Online – Go to the Asset Preservation, Inc. (API) website at www.apiexchange.com.  Click on “Open New §1031 Exchange” along the top of the page.  Choose the first “Click Here” link to open a new exchange.  Then choose the Seller/Exchanger or Closer option.  Complete as much information as possible and submit with a click of a button.
  • Email or Fax – Use the attached Order Form and email to info@apiexchange.com or fax to (916) 749-1270.
  • Call Toll-Free – Call (800) 282-1031 with the following information, and we will set up the §1031 Exchange with you.  We would like to have the following information:

Sale of Relinquished Property:

  • Seller (Exchanger) Information: Name(s), mailing address, phone number and email address.
  • Closing Agent, Escrow Officer or Closing Attorney Information: Name, company, address, phone number, fax number, email address and escrow or file number.
  • Estimated closing date.
  • Buyer(s) names.
  • Property Information: Address, city, state and county.
  • Sale Information: Sale price, estimated mortgage payoff (if any), amount of seller financing (if any).
  • Real Estate Agent’s Information: Name, company, phone number.

Purchase of Replacement Property (if available):

  • Closing Agent, Escrow Officer or Closing Attorney Information: Name, company, address, phone number, fax number, email address and escrow or file number.
  • Estimated closing date.
  • Seller(s) names.
  • Property Information: Address, city, state and county.
  • Purchase price.
  • Real Estate Agent’s Information: Name, company & phone number.