Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

25
Posts
22
Votes
Russell Sherman
22
Votes |
25
Posts

QI’s, CPA’s, 1031’s, DST’s/Mineral Rights Confusion

Russell Sherman
Posted

I expect to sell a single family property that was held as a rental property in the next few weeks. I plan to roll the gain into several DST's and mineral rights.

As I research QI's I see companies such as Asset Preservation Inc. offering their services in conjunction with DST's. Do they offering broker services? I thought they merely held the funds.

If QI's do not offer brokering services, am I better off working with a RIA or a broker, such as Peregrine? I have not found a broker that deals in DST's as well as mineral rights. It seems easier to use one person to handle all the exchanges but maybe that is not possible.

Finally, whose responsibility is it to make sure all tax rules are followed?  As I ask tax questions (I qualify for rule 2005-14 allowing the combination of 1031 & 121 exclusion) I am told they are not legally allowed to offer tax advice and to talk to a CPA.  So do I need a CPA to watch over the QI?  

I'm trying to learn as much as possible as I narrow down various QI's and DST brokers. I am coming across alot of contradictory information.

 

Loading replies...