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- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
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@Joe Kelly, Awesome condo. Some also took incredible photos! Without out any other information, the answer to your thread title is - The same way you'd sell any investment asset. If you use realtor then you use a realtor. If you fsbo then fsbo. If you use a title company for closing then use a title company for closing. You use all of your regular professionals in their regular roles.
The 1031 adds a bit to the middle of the process. It has some requirements and steps that must be followed. But you are guided by the required "qualified intermediary" whose job is to document the exchange at sale and purchase and process the movement of the funds from sale to purchase.
The QI must be in place prior to the closing of the sale that starts the 1031 exchange.
- Dave Foster
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