If you’re considering a 1031 exchange of your real estate, the best thing you can do is contact a qualified intermediary to discuss your exchange. But why is it so important to involve an intermediary in your exchange? In this article, we are going to talk about why it’s a good idea to consult a qualified intermediary before diving into your 1031 exchange.
Qualified Intermediaries – Why They’re Important
Qualified intermediaries are experts on 1031 exchange transactions. They know the laws and regulations that need to be followed to carry out a successful exchange. As a result, they can advise you on the best direction to take with your 1031 exchange, and answer any lingering questions you might have.
A qualified intermediary is your guide through every step of your 1031 exchange. They can help you deal with the technical aspects of your exchange, and draft up your 1031 exchange documents.
Minnesota 1031 Accommodators
If you are interested in learning more about the tax deferral benefits of a 1031 exchange, contact one of the qualified intermediaries at Commercial Partners today. We have been helping investors with their 1031 exchanges for more than twenty years. Our intermediaries are well versed in the rules and regulations that govern 1031 exchanges, and can help ensure that your exchange goes off without a hitch. Contact us today to see if you are a good candidate for a 1031 exchange.