When it comes to 1031 exchanges, experience matters a lot. In this article, we are going to explain why it’s important to work with an experienced qualified intermediary on your 1031 exchange.
The Dangers of Working with an Inexperienced Intermediary
In the realm of 1031 exchanges, there are a lot of rules and requirements, as well as plenty of traps for the uninitiated. Trying to complete your 1031 exchange by yourself or with an inexperienced intermediary is a recipe for disaster. It’s far too easy for an inexperienced intermediary to miss an important detail or deadline. If that happens, your entire 1031 exchange could be in jeopardy and you might have to abandon ship and recognize all your gain on the sale.
Working hand-in-hand with a 1031 exchange company that has been in the industry for years or even decades is the best way to ensure your 1031 exchange is successful and that you’re able to defer the maximum amount of capital gains taxes on your sale.
1031 Exchange Services in Minneapolis, MN
At CPEC1031, LLC our entire business is focused on assisting taxpayers through the 1031 exchange process. We have twenty years of experience facilitating like-kind exchanges of real estate. Our qualified intermediaries are ready and able to put that experience to work on your next 1031 exchange. Contact us today to learn more about the 1031 exchange process, whether your property qualifies, and how we can help you through all the details. You can find us at our main office located in downtown Minneapolis.
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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