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Updated about 1 year ago on . Most recent reply

Omar Holness's profile image
Omar Holness's profile image
Omar Holness
  • Investor
  • Member since Jul 9, 2023
  • Posts 8
  • Votes 6
  • Experience 8 Yrs
  • Investments 1
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Omar Holness's profile image
Omar Holness's profile image
Omar Holness
  • Investor
  • Member since Jul 9, 2023
  • Posts 8
  • Votes 6
  • Experience 8 Yrs
  • Investments 1
Connect
Omar Holness
  • Investor
6
Votes |
8
Posts
1031 Exchanges

1031 Exchange Qualified Intermediary

Omar Holness
  • Investor
Posted

Hey everyone, this may be a silly question with an obvious answer, but is it possible to use my Real Estate LLC as my 1031 exchange qualified agent?

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Alex Olson's profile image
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Alex Olson
  • Real Estate Broker
  • from Kansas City Metro
  • Member since May 28, 2015
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Alex Olson's profile image
Alex Olson's profile image
Alex Olson
  • Real Estate Broker
  • from Kansas City Metro
  • Member since May 28, 2015
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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
1,152
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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
Replied

Not really understanding your question but you need a qualified intermediary that is arms length away to pass the sniff test of the IRS. Its also a process and has dates and forms and different aspects that need to be followed. Best to use an experienced QI. I recommend @Dave Foster as he is reasonable and a true expert. 

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