How Does It Work? We set up your 1031 operation and staff it for you with OUR staff of Exchange Experts. Because we are operating it, we carry the overhead ...and the liability! We get paid from the exchanges, which means we are not an expense to your bank. The exchange proceeds are deposited in your bank and build your deposit base. This means that your 1031 operation is completely profitable from day one. And you are operational as soon as you decide on a name and we obtain a phone number for it.