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Updated over 6 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Jeff Klein
  • New Hyde Park, NY
5
Votes |
18
Posts

Which professionals do I need?

Jeff Klein
  • New Hyde Park, NY
Posted

I have contracted to sell my property with the intention of doing a 1031 exchange. I will close in about a month. I will have identified a property to buy by then. I will be a TIC member in the purchase. I have a QI.

This may be a naïve a question but here goes: Do I need an attorney for this purchase? I think so, but just want to be sure. I will ask the attorney that I'm using for the sale but not sure how experienced he is on the purchase side of a 1031, especially for TICs (if TIC makes a difference).

Also, do I need a 1031-experienced CPA before I make this purchase?

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