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The only Maine-based member of the Federation of Exchange Accommodators

 * About Us
 * Why Choose Us
 * Types Of Transactions
 * Testimonials
 * Contact Us

 * About Us
 * Why Choose Us
 * Types Of Transactions
 * Testimonials
 * Contact Us


MAINE EXCHANGE SERVICES, LLC

(207) 871-1031


EXPERT 1031 REAL ESTATE EXCHANGE SERVICES

Contact Us

FORWARD EXCHANGES

Sell your relinquished property and buy replacement property for great or
greater value, adjusted for costs of sale.

REVERSE EXCHANGES

A reverse exchange occurs when a taxpayer elects to purchase replacement
property before the sale of relinquished property.

IMPROVEMENT EXCHANGES

Custom build your replacement property. A development or improvement exchange
can be used to increase the value of replacement property by the cost of
improvements.

REQUEST OUR 1031 PRIMER

Click Here


ABOUT US

Maine Exchange Services, LLC specializes in forward, reverse, and improvement
1031 tax exchanges, and has advised hundreds of clients and provided Qualified
Intermediary services for thousands of exchanges throughout the United States.
Founded by commercial real estate attorneys, Maine Exchange Services is the only
Maine-based member of the Federation of Exchange Accommodators (FEA).
(www.1031.org).

Thomas F. Jewell, Esq., and Paul S. Bulger, Esq., are both experienced
commercial real estate attorneys, and act as Qualified Intermediary for each
exchange. Together, they founded Maine Exchange Services, LLC in 2009.

Carol A. Redfern is a Certified Exchange Specialist (CES) and paralegal with
years of experience coordinating exchanges, personally assisting clients, and
managing the day-to-day operations of Maine Exchange Services, LLC. Carol
graduated from the University of Southern Maine with a bachelor’s degree in
accounting and began working alongside Tom and Paul in 2017.

McKayla R. Redfern joined Maine Exchange Services, LLC in 2023 as the assistant
to the manager, Carol. She is currently pursuing a bachelor’s degree in
linguistics from the University of Southern Maine.


WHY OUR CLIENTS PUT THEIR TRUST IN US

In order to assure our clients the highest level of protection of their funds,
and as part of our State of Maine licensing requirements, Maine Exchange
Services, LLC (MES) utilizes Qualified Escrow Accounts. With over 40 years of
combined experience, MES engages in an estimated 200 million dollars’ worth of
real estate transactions each year.

As a member of the Federation of Exchange Accommodators (FEA), we remain
currently informed of the latest disaster relief extensions and other news
pertaining to 1031 exchange. We are also included in robust discussions with
experts and other Qualified Intermediaries regarding best practices and case
law.


1031 CHECKLIST

 * Hire a Qualified Intermediary (QI) prior to selling or buying property–
   that’s us Maine Exchange Services, LLC.
 * Investment Property – The property you are buying and selling must be held
   for investment purposes. Second homes and properties being “flipped” do not
   qualify.
 * Taxpayer – The taxpayer must remain the same throughout the exchange.
 * 45-day Identification Period – You must identify your replacement property(s)
   within 45 days of closing on your relinquished property(s).
 * 180 days to complete exchange – You must purchase your replacement
   property(s) within 180 days of closing on your relinquished property(s).
 * Know your Replacement Value – To defer all capital gain and depreciation
   recapture, an exchanger must acquire replacement property(s) of equal or
   greater value to the relinquished property adjusted for cost of sale.
 * Partial Exchanges- Are most beneficial when there is a low tax basis.


TYPES OF LIKE-KIND TRANSACTIONS

Apartment Buildings

Residential Rentals

Vacant Land

Commercial Rentals

Mobile Home Estates

30+ Year Lease


WHAT OUR CLIENTS SAY


YOU WENT ABOVE AND BEYOND OUR EXPECTATIONS...

“Thank you so very much for all your hard work, extra efforts, and significant
contributions to our recently completed like-kind exchange. This was the most
complicated exchange we have ever attempted in over 35 years and your
contributions and expertise were invaluable to us.

From start to finish, you went above and beyond our expectations and made it
possible for us to achieve the impossible. We greatly appreciate your rapid
responses and constant availability, your invaluable guidance and counsel and
your spirit of teamwork and camaraderie with all of the team members. Our
attorneys, lenders, real estate agents and brokers were all very complementary
of your contributions and appreciative of how easy you made their efforts and
responsibilities.

To accomplish an exchange of this magnitude with a multitude of downstream
properties and all within the required timeframes was nothing short of
miraculous. Thank you so very much for your commitment, support, and spirit of
business partnership, all of which are greatly appreciated.

It was a pleasure to partner with you and we look forward to working with you
once again in the near future.”

 

–B Winner, CPA
June 2024



MAINE EXCHANGE SERVICES MADE THIS PROCESS ENTIRELY SEAMLESS!

“I utilized Maine Exchange Services to facilitate a 1031 Exchange between a
property that I sold in North Carolina and a property that I purchased in Maine.
Tom Jewell and Carol Vining at Maine Exchange Services made this process
entirely seamless. From the first call to Tom, I felt that I was in good hands.
Tom described the process and answered all of my questions in an easy to
understand manner. He followed that up with documentation, i.e., a 1031 Exchange
Primer, Fee Schedule and Sale Language that was just as clearly written.

Carol was efficient in establishing a Qualified Escrow Account at Machias
Savings Bank, instructions for wiring funds, and keeping the paperwork timely
between the realtors and legal departments (in NC and ME).
Both Tom and Carol were very patient, timely, knowledgeable, and professional in
responding to my questions throughout the process.

I was really impressed!

I would rate Maine Exchange Services as 5 star on all counts and strongly
recommend them for any 1031 Tax Deferred Exchanges of Real Estate.”

 

– Khlaire Parre 2020


WHAT A PLEASURE IT WAS TO WORK WITH YOU!

“I just got back from Greenville and wanted to write immediately to say what a
pleasure it was to work with you.  You provided all information in a timely
manner and answered all emails within a matter of hours.  You made me feel
comfortable asking for information and directions.  I especially appreciate this
as others I worked with on different aspects of the whole sell and buy process
fell far short of the service you provided.  Thank you again and when I sell my
remaining property, I will be in touch.“

 

– F Monahan


YOU HAVE MADE MY JOB SO MUCH EASIER!

“I cannot thank you enough for collecting and sending all the documents in a
single email for me to forward to my accountant. You have made my job so much
easier!

In fact, I want to take a moment to tell you how much I appreciated all your
assistance in a process that seemed very complex and complicated to the
uninitiated! You were thorough and carefully explained all that I needed to know
which allowed me to enter into these transactions with confidence. I am so
pleased with how smoothly everything proceeded.  In addition to your
thoroughness, you were also incredibly prompt.

Please forward my thanks to everyone at Maine Exchange Services which I will
strongly recommend to anyone considering a 1031 exchange.”

 

– P MacBrayne


I WOULD NOT CONSIDER USING ANY OTHER COMPANY.

“This is the second time I have used Maine Exchange Services for a 1031
transaction.   I would not consider using any other company. They are
consistently organized, professional, knowledgeable, and efficient.  Carol
is always one step ahead in the 1031 process, has great attention to detail and
makes a potentially stressful process amazingly easy.  Without question, Maine
Exchange Services is the best in Maine.“

 

– I G Thomson

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MAINE EXCHANGE SERVICES, LLC

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PHONE

(207) 871-1031
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FAX

(207) 774-1626
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ADDRESS

75 Pearl Street, Suite 410D
Portland, Maine  04101

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