If you’re about to engage in a 1031 exchange, you want to make sure you work with a skilled and experienced qualified intermediary who can help you through the ins and outs of the 1031 process. In this article, we outline a few signs of a great qualified intermediary.
Communication
During the 1031 exchange process, you’re going to need to be in regular communication with your qualified intermediary – sending them documents, information, and asking/answering questions. Thus, a great qualified intermediary is an effective and timely communicator.
Transparency
As with any transaction involving real estate, transparency is also key in a 1031 exchange. A great qualified intermediary will be transparent about the 1031 exchange process itself, as well as the cost of their services.
Experience
Finally, it’s important to evaluate an intermediary’s experience. In general, the more experience a qualified intermediary has, the better. Less experienced intermediaries may not fully understand some of the idiosyncrasies of the 1031 exchange process.
CPEC1031, LLC – Your 1031 Exchange Resource
CPEC1031, LLC is your resource for all things related to 1031 exchanges of real property. We have over twenty years of experience facilitating exchanges under section 1031 of the Internal Revenue Code and have built a strong reputation in the industry for our commitment to customer service. If you are curious about the tax-saving benefits of the 1031 exchange, you’ve come to the right place. Give us a call today to discuss the details of your exchange and the potential benefits of capital gains tax-deferral. Our office is located in Minneapolis but we work with taxpayers throughout the United States.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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