How a 721 Exchange Works: From Rental Owner to Passive Investor in Four Steps
We Handle the Valuation: Understanding Your Property and Your Goals
We discuss your goals and use a robust methodology to value your property.
We Handle the Details: Due Diligence, Inspections, and Full Transparency
Our team manages everything from start to finish. You have a dedicated Flock Exchange Director to advise you throughout.
We Handle the Closing: Seamless Transfers from Start to Finish
Our team completes your exchange process seamlessly. You're now officially a Flock Fund investor.
We Handle the Rest: Steady Earnings and Portfolio Growth Over Time
Earn quarterly income, gain long-term appreciation, and grow wealth effortlessly without direct ownership burdens.
A 721 Exchange vs. Selling: Keep More of What You've Earned
Selling often means losing a large share of your gains to taxes. With Flock Homes, you can defer those taxes—protecting your equity and avoiding unnecessary losses—so more of your capital keeps working for you.
Cash Flow Today
Steady Income, Lower Taxes
Skip the tax hit from selling. Instead, convert your property into reliable passive cash flow with built-in tax advantages.
Flexible Redemption
Redeem at Your Pace
Withdraw gradually over time to minimize tax impact, preserve equity, and keep your portfolio growing in the background.
Built for Confidence: Stability and Growth You Can Trust
Flock Homes is built for a seamless transition. Our technology makes the exchange process simple and stress-free, guiding you step-by-step from exchange to portfolio ownership. You move effortlessly into a diversified, professionally managed Fund—without the headaches of selling or reinvesting.
Fast Closings
Less than 2 weeks
1:1 Guidance
Your personal Exchange Director
255+
Executed Exchanges
Common Questions About the Process
Flock’s goal is to provide fair-market valuations for all rental properties. We will only transact on properties that meet our return criteria and support the performance of the fund. Our valuations are determined through an industry-standard underwriting process, incorporating leading AVMs and market comparables, based on property characteristics such as configuration, location, and condition. We perform formal inspections on all prospective properties before finalizing our valuations.
Yes. Flock Homes can accept properties that are occupied or vacant. If the property is occupied, we will honor the existing lease and work with the resident to renew once the lease expires.
The title of each rental property is transferred to the Flock Fund, of which you are now an investor. After closing, we will perform necessary value-add renovations, repairs, or maintenance to maximize long-term earning potential. We continue to lease them out as long-term rental properties.