Tom Cronkright and Lawrence Duthler, veterans of the title industry, have launched National 1031, a full-service 1031 exchange company dedicated to protecting real estate investors. This company stands out with its unwavering focus on security, prioritizing the safety of clients’ funds and communications in every transaction.
National 1031 leverages the benefits of Section 1031 of the US Tax Code, allowing investors to defer capital gains taxes when selling an investment property. They can reinvest the proceeds into a like-kind property, essentially rolling over the capital gains tax liability and continuing their investment journey.
What sets National 1031 apart is its comprehensive approach to security. The company employs cutting-edge technologies to safeguard its clients, including:
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Advanced Email Filtering:
This helps prevent malicious emails from reaching clients and prevents potential scams.*
Endpoint Detection and Response (EDR):
EDR monitors and detects threats on individual devices, keeping client data secure.*
Email Eavesdropping Prevention:
National 1031 encrypts all communications, preventing unauthorized access and ensuring privacy.*
CertifID Integration:
This trusted platform verifies the identity of all parties involved in a transaction, safeguarding against fraudulent activities and ensuring the secure transfer of funds.The founders, Tom Cronkright and Lawrence Duthler, understand the growing risk of wire fraud and social engineering tactics targeting real estate transactions. They have made significant investments in data security, encryption, and email monitoring to mitigate these threats.
“These are large transactions that have become targets for scammers seeking to infiltrate communications and divert wire transfers,” said Lawrence Duthler, President of National 1031. “We’ve made significant investments in data security, encryption, and email monitoring to ensure the safe exchange of information between parties.”
National 1031 is committed to providing the highest levels of service and security. Since its launch a few months ago, the company has successfully completed numerous exchange transactions, earning the trust of clients.
“The team at National 1031 expertly guided me through the complexities of the 1031 exchange process, ensuring I met all deadlines and compliance requirements. The on-staff attorneys were incredibly helpful, and their commitment to security made me feel that I was in good hands,” said Drew Born, Commercial Brokerage Associate of Re/Max of Grand Rapids.
National 1031 is built on a foundation of expertise and experience. Co-founded by attorneys, licensed title producers, and real estate industry veterans, the company brings a wealth of knowledge to the table, ensuring a safe, transparent, and efficient tax-deferred transaction for all clients.
