Do I NEED a lawyer / attorney to handle a 1031?

[Wil Reichard]

Hey All, 

Thanks for taking the time to read into this. I am selling my first home (previously owner occupied) in about two months and would like to utilize a 1031 so I can defer roughly 72k in capital gains. I know I need an intermediary, but do y'all prefer this person to be an attorney / lawyer? 

Also, what do y'all usually pay for them to handle this transaction? 

Thank you, 

[Wayne Brooks]

No, they typically are not attorneys, as it is very specialized.

Typical QI costs, $800-$1,000.

@Dave Foster is who I’d use, they don’t need to be local.

BTW, if it was originally your primary for at least 2 years and has been rented out less than 3 years you know you don’t need to 1031, right?