There are two types of “boot”.

Cash boot – results when excess cash proceeds are not used toward the acquisition of the replacement property(s).

Mortgage boot – results when the exchangor reduces the amount of loans or debt by exchanging.

Open an Exchange

Bankers Exchange Services has offices in Walnut Creek and Oakland and serves the Greater Bay Area and in particular, the East Bay region and will gladly facilitate your real estate 1031 exchange transaction anywhere in the United State or US Territories.  Bankers Exchange Services also offers specialized expertise in the following communities: