Jordan Phillips
San Diego and Orange Counties
Vice President / Account Executive
Toll-Free: (442) 287-7239
Email: jordan.phillips@ipx1031.com
Jordan’s Bio
Jordan’s Bio
Jordan Phillips is Vice President with Investment Property Exchange Services, Inc. Jordan’s role is to educate and guide the real estate community through the 1031 Exchange process. His guidance comes in the form of structuring, coordinating, and procuring all types of 1031 Exchanges, including: Delayed, Simultaneous, Reverse, and Build-to-Suit. Jordan frequently speaks to real estate professionals on the key points of 1031 Exchanges including 1031 Exchange rules and regulations, while additionally covering ways to preserve and build wealth by utilizing tax deferred exchanges.
Before joining IPX1031 Jordan worked as a commercial real estate advisor where he represented clients throughout the Western United States. Jordan received his B.A. in Economics from San Diego State University, and his J.D. with an emphasis in corporate law and tax law, from the University of San Diego, School of Law. Jordan resides in Southern California.
Additional Contact Information
Office
1902 Wright Place, Suite 350, Carlsbad CA 92008
IPX1031 Southern California Regional Office
4400 MacArthur Blvd, Suite 320, Newport Beach, CA 92660
Phone: (949) 622-4949
Toll-Free: (800) 327-5347
Fax: (949) 477-6806
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1031 Exchange FAQs
Does California have any special 1031 Exchange rules and regulations?
There are no special requirements for doing a 1031 Exchange with a property that you are selling in California. However, if you are going to exchange from CA to another state, you need to be aware that the State of California Franchise Tax Board tracks you when you leave the state with their deferred tax dollars. In 2014 California implemented a “clawback provision” which effectively requires that you file an informational tax return with the State of California each year, showing that you still own the property that you purchased in another state through your 1031 Exchange. They do this because if someday you decide to sell the other property and “cash out”, California will come back and “clawback” the taxes on the gain that was made while you were doing business in the State of California. For more information, please see the text of California Assembly Bill 92 here: Bill Text – AB-92 State government.
What are the benefits of doing a 1031 Exchange?
While the tax deferral benefits are enormous (deferring Federal Capital Gains Tax, State Income Tax, Depreciation Recapture & Healthcare Tax), I would argue that the non-tax benefits are the real reasons why people do 1031 Exchanges. Exchanges are used by investors who want to do one or more of the following:
• Increase your cash flow from your investment property(ies)
• Purchase a property with greater potential for appreciation in property value
• Buy a property that is closer to home
• Diversify into multiple properties
• Consolidate into one property that is easier to manage
• Buy a dream retirement home
• Purchase properties that will set up heirs for the future (estate planning)
• Acquire property with less deferred maintenance
How do I know if a 1031 Tax Deferred Exchange is right for me?
If any of the 1031 benefits bullet points interest you, a 1031 Exchange is worth exploring with a 1031 Exchange Specialist like me. Please give me a call at (442) 287-7239
Is a Qualified Intermediary (AKA accommodator or QI) needed?
Yes. To avoid a taxable sale of the Relinquished Property, the use of an intermediary in virtually every 1031 transaction should be utilized. In addition, the Exchanger must enter into written agreements with the QI before the Relinquished Property is sold.
What is Like Kind Property? Can I sell my rental house and buy a 4plex? Can I sell my vacant lot and buy an office building?
Yes, you can buy ANY kind of business or investment real estate, anywhere in the US. The “like-kind” requirement does not mean selling and buying the same exact type of property. In an IRC §1031 transaction, you can exchange real property for virtually any other real property in the United States, as long as the property is held for productive use in a trade or business or for investment purposes. You can sell a rental house and buy apartments, commercial, industrial, mini storage, vacant land, agricultural, etc.
Key 1031 Resources
1031 Brochure
1031 Reference Book
Your IPX1031 Resource
IPX1031 Exchange Industry Partner Tools
With offices near San Diego, Carlsbad, and Irvine, IPX1031, the nation’s largest exchange facilitator and accommodator, provides industry leading exchange services including guidance, expertise, security and key information on 1031 Exchange rules, regulations and strategy.
1031 Exchange expert, Jordan Phillips offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
Schedule Seminar with Jordan Phillips
IPX1031 provides seminars for continuing education credits as well as custom and personalized seminars on tax deferred exchange topics for attorneys, CPAs, advisors, brokers, REALTORS®, agents, escrow, investors and taxpayers.
To find out about a seminar nearest you, or to schedule a seminar for your office, please contact us.
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Is There an IPX1031 Office in Southern California Near Me?
IPX1031, the national leader in 1031 Exchange QI services, is pleased to offer service in all cities, counties, and areas throughout Southern California, including:
Laguna Beach, CA
Laguna Niguel, CA
Del Mar, CA
Coronado, CA
Rancho Santa Fe, CA
Dana Point, CA
Aliso Viejo, CA
Rancho Mirage, CA
La Quinta, CA
Buena Park, CA
Cypress, CA
Fountain Valley, CA
Tustin, CA
Brea, CA
San Juan Capistrano, CA
Solana Beach, CA
Placentia, CA
Los Alamitos, CA
La Palma, CA
Seal Beach, CA
Laguna Hills, CA
Ladera Ranch, CA
Rancho Santa Margarita, CA
Escondido, CA
La Habra, CA
Westminster, CA
Mira Loma, CA
Wildomar, CA
La Mesa, CA
National City, CA
Imperial Beach, CA
Perris, CA
Is there an IPX1031 office near me? IPX1031, the national leader in 1031 Exchange QI services, is pleased to offer service in all US states including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming Search for your closest 1031 agent and 1031 office location here.
