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Updated over 3 years ago, 06/15/2021

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20
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20
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John Cho
20
Votes |
20
Posts

Typical 1031 QI experience?

John Cho
Posted

I am partially through my first 1031 exchange and I have to say I found the QI I used to be thoroughly underwhelming and not worth the 1k I paid for the service.  

I received no advice at any time during the identification period except a generic form letter just stating dates and deadlines.  No discussion about potential mortgage boots or looking at alternative backup strategies like DSTs to salvage the exchange.

For a service that essentially just collects, wires money and pushes papers electronically, the company I used doesn't even use Docusign and asked me to print, sign papers and rescan them.  It's baffling to me why the fees are so high or maybe I just picked a terrible QI.  If I were to select again, I think I would have just gone with the lowest cost provider.

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