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Updated over 4 years ago,
Build to Suit 1031 Exchange
Hello,
I am currently in a 1031 exchange build to suit. I have already set up the EAT and currently doing construction. The construction is paid for by me and not through the EAT. My construction will cost enough to meet my requirements.
Question - what happens after my construction is done? Once I send the proof of payments, will the intermediary automatically change the title to my name? Do I need to get an appraiser to show the added value?
This is my first 1031 construction exchange and appreciate your comments and feedback. Thanks!