Our History
"The trusted name in tax-deferred exchanging since 1991!"
One of the most important issues in executing a successful tax-deferred exchange is the choice of a Qualified Intermediary. We believe the role of the Qualified Intermediary in a tax-deferred exchange goes beyond just holding funds on behalf of the taxpayer and providing all exchange documentation. As the coordinator of the exchange, the Qualified Intermediary should be an expert on exchanging, thus guiding taxpayers and their advisors through the steps of a tax-deferred exchange in compliance with the Internal Revenue Code and its Regulations.
Jo Kline Cebuhar started Iowa Exchange upon enactment of the Section 1031 like-kind exchange regulations in 1991. In 1998, Jo was joined by Sheryl Empey and Iowa Exchange grew into a large provider of qualified intermediary services In Iowa. In early 2007, Jo and Sheryl sold their interests in the business to Kris and Scott Modica. On October 1, 2009, the Browns purchased the company from the Modicas and Iowa Exchange is now a part of IPE 1031.
David and Katie Brown are the owners of IPE 1031. Both have law degrees from Drake University Law School. After practicing law for a number of years, the Browns recognized the opportunity to build a successful qualified intermediary company with one local competitor participating in the market. That local competitor was Iowa Exchange. Iowa Exchange was the ‘go-to’ qualified intermediary in Iowa at the time IPE 1031 opened its doors in 2003. Considering it was the pioneer of exchange services in Iowa and built a loyal customer base, acquisition of Iowa Exchange by IPE 1031 was a perfect fit.
Fee Structure
IPE 1031’s fee for a basic two-property transaction is $950. The fee is split into two payments. The first fee of $600 is charged upon the closing of the relinquished property and the second fee of $350 is charged upon closing of the replacement property. In the event our exchangers choose to discontinue an exchange transaction without acquiring replacement property, the second fee is not charged and the exchanger will generally not incur more than $600 for our services. Most importantly, our exchangers are paid interest while funds are on deposit. Overnight courier and wire transfer fees may apply.
One of the most important issues in executing a successful tax-deferred exchange is the choice of a Qualified Intermediary. We believe the role of the Qualified Intermediary in a tax-deferred exchange goes beyond just holding funds on behalf of the taxpayer and providing all exchange documentation. As the coordinator of the exchange, the Qualified Intermediary should be an expert on exchanging, thus guiding taxpayers and their advisors through the steps of a tax-deferred exchange in compliance with the Internal Revenue Code and its Regulations.
Jo Kline Cebuhar started Iowa Exchange upon enactment of the Section 1031 like-kind exchange regulations in 1991. In 1998, Jo was joined by Sheryl Empey and Iowa Exchange grew into a large provider of qualified intermediary services In Iowa. In early 2007, Jo and Sheryl sold their interests in the business to Kris and Scott Modica. On October 1, 2009, the Browns purchased the company from the Modicas and Iowa Exchange is now a part of IPE 1031.
David and Katie Brown are the owners of IPE 1031. Both have law degrees from Drake University Law School. After practicing law for a number of years, the Browns recognized the opportunity to build a successful qualified intermediary company with one local competitor participating in the market. That local competitor was Iowa Exchange. Iowa Exchange was the ‘go-to’ qualified intermediary in Iowa at the time IPE 1031 opened its doors in 2003. Considering it was the pioneer of exchange services in Iowa and built a loyal customer base, acquisition of Iowa Exchange by IPE 1031 was a perfect fit.
Fee Structure
IPE 1031’s fee for a basic two-property transaction is $950. The fee is split into two payments. The first fee of $600 is charged upon the closing of the relinquished property and the second fee of $350 is charged upon closing of the replacement property. In the event our exchangers choose to discontinue an exchange transaction without acquiring replacement property, the second fee is not charged and the exchanger will generally not incur more than $600 for our services. Most importantly, our exchangers are paid interest while funds are on deposit. Overnight courier and wire transfer fees may apply.