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Updated over 3 years ago on . Most recent reply presented by

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Jackson Long
  • Investor
  • Memphis, TN
130
Votes |
379
Posts

doing a 1031 without using a QI

Jackson Long
  • Investor
  • Memphis, TN
Posted

We did a flurry of 1031 stuff a few years ago and parts went well and other parts were a hot mess.  We are getting ready to sell one of the houses and buy a different one and I don't want to pay the piper.  But I've determined the math on using QIs, in addition to the parts that were a hot mess, is such I don't want to use one.  I assumed this was like "doing your taxes" where you are taking your life in your hands without a dedicated professional- but then I read some stuff that sounded like you were LITERALLY NOT ALLOWED to do it without one.  Can someone shed some light?

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Jackson Long Trying to save less than $1000 by not using a professional QI just seems incredibly ridiculous. 

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