Due to the often complex nature of a 1031 Tax Deferred Exchange of real and personal property, it is often necessary to secure the services of a specialist to better understand the application of the 1031 code and facilitate the transaction. Andy Gustafson, Certified Exchange Specialist®, has accommodated over 500 exchanges and offers his experience and knowledge to the LANDTHINK audience as a regular LANDTHINK Contributor.
Andy is currently a managing member of Atlas 1031 Exchange, LLC, a company he founded in 2007, and has since expanded his professional services into Texas and the Midwest. To date he has accommodated over 500 exchanges representing $454,000,000 in exchanged value and deferring over $22,000,000 in taxes.
A native of West Lafayette, Indiana, Andy graduated from Vanderbilt University with a Bachelor of Arts in Economics in 1978. Prior to entering the 1031 exchange industry, he worked in the manufacturing software industry, helping companies improve production efficiencies. In 2003, Andy co-founded Old South 1031 Exchange Services, LLC located in Destin, Florida. As President of the company, he accommodated over 300 forward and reverse exchanges of condominiums and rental properties representing over $300 million of worth of exchanged property.
In 2006, Andy qualified and received the professional designation of Certified Exchange Specialist®, created by the Federation of Exchange Accommodators to set a standard of 1031 accommodator ethics and excellence.
In addition to providing simple and complex 1031 qualified intermediary services, Andy is a sought after speaker. As an approved continuing educational provider, he helps REALTORS®, Attorneys, and CPAs understand the application of the 1031 code.
Contact Atlas 1031 Exchange for a free 1031 Exchange consultation with a qualified intermediary. Their staff provides service to individuals, REITs, hospitals, manufacturers, companies, domestic and foreign and their professional advisors.
Thank you, Andy, for your ongoing contributions to LANDTHINK. In addition to 1031 intermediary services, Atlas 1031 Exchange also works with third party administrator of self-directed retirement plans to assist clients in establishing self directed IRAs, SEPs and individual 401ks.