Master the 721 Exchange: Tax & Retirement Strategy

Every real estate investor eventually faces the same dilemma.

At some point, every real estate investor seeks to retire from the burdens of rental management: unexpected vacancies, mid-vacation emergency calls, and costly unbudgeted repairs. But an elegant solution to leaving behind all the hassles without sacrificing cash flow or triggering hefty taxes has seemed elusive—until now. 

The solution: the 721 Exchange
Flock enables individual investors, for the first time, to access a tax and retirement strategy that has been used by commercial investors since the 1950s: the 721 exchange.

How it works: You can directly exchange your rentals for equity in a real estate fund containing a portfolio of ~700 long-term rentals. Then continue earning consistent cash flow and appreciation while Flock’s team of 24/7 professionals takes care of all management—from 2 AM leaks to tenant leasing. 

Unlike selling your rentals outright, this exchange does not trigger capital gains taxes, saving you thousands of dollars upfront. Furthermore, equity ownership allows you to liquidate on your own schedule, so you can manage your cashout plan and tax burden strategically. Finally, your equity benefits from a step-up in basis, so your heirs can receive a tax-advantaged inheritance while continuing to earn income from a passive real estate investment.

It’s not just a way to retire—it’s a way to secure generational wealth and protect your legacy for decades.  

Who we are
I’m Ari Rubin, Founder and CEO of Flock Homes. Since founding this business at Stanford’s Graduate School of Business, I’ve empowered over 150 investors, now clients, to optimize their retirement and estate planning. At Flock, I’ve built a team of the industry’s top experts with decades of collective real estate and investment experience, hailing from real estate and financial institutions like J.P. Morgan, Progress Residential, and State Street Global Advisors.

Watch our complimentary masterclass
Want to learn more about the 721 exchange and whether it’s the right option for you? I’m excited to share a comprehensive webinar overview for ICOR members. Meet with me and my team as we discuss the details, benefits, and considerations of this smart retirement strategy. Watch it at flock721.com/ICOR.