Working with a qualified intermediary can make your 1031 exchange a walk in the park. However, many people don’t know where to find a good intermediary for their exchange. In this article, we are going to discuss where to find a qualified intermediary for your 1031 exchange.
Search Online
A good place to begin your search for a qualified intermediary is online. Look for an intermediary who has experience specifically in the 1031 exchange industry. At CPEC1031, LLC we focus solely on 1031 exchanges. A lot of other intermediaries dabble in other services and aren’t as specialized.
Geographic Considerations
One common misconception is that your qualified intermediary has to be physically located in the same area as your property. That’s not true. You can work with a qualified intermediary from Minnesota, even if your property is located in New York or California (or any other state). That being said, it’s important to make sure your intermediary is familiar with the local customs and regulations of the geographical area where your property is located.
Defer Your Capital Gains Tax Burden with a 1031 Exchange
Defer your capital gains taxes with a 1031 exchange of real estate. CPEC1031, LLC has over two decades of experience facilitating exchanges of all shapes and sizes. We can put our vast experience to work on your next exchange and make sure you defer 100% of your gains. Contact our qualified intermediaries to discuss the details of your next 1031 exchange of real estate. You can set up your appointment with one of our qualified intermediaries at our Minneapolis offices today to learn more!
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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