Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 4 years ago, 09/06/2020

User Stats

29
Posts
22
Votes
Brandon Lowery
  • Investor
  • Mooresville, NC
22
Votes |
29
Posts

Qualified Intermediary Scam?

Brandon Lowery
  • Investor
  • Mooresville, NC
Posted

Hi everyone...  I'm new to this forum, thanks for having me.

I'm in a little bind and need some help related to a 1031 exchange where a Qualified Intermediary is holding $113,344.93 of my money.   Looking for some advice.

It's this group- http://www.qualifiedintermediary.net/  (moderator, i hope it's ok to list the company, i would like to verify it's not a scam).

I closed on a new property today at 3pm (EST).   i told this Hetsler group last wednesday, 8/2/17 that today was the closing.   I reminded them on Friday, 8/4/17 and was told the funds would be wired into the account that night.   Didn't happen.   

I was told today by 10am the funds would be in the account.   Again, didn't happen.   Was told 2pm, didn't happen.    

They're dogging my calls and will not return emails/ or any correspondence related to this transaction.  I had a friend go by their "office" and it is a Regus key man office space.   

What are my options related to access to the funds to make sure they have not scammed me?   The dude's name is Robert Hetsler.   Apparently "Dr." but I'm not buying that is legit.  

Thanks everyone.

Loading replies...