Bruce D. Kowal
§1031 Exchange QI Selection: Operational Competency Red Flags (Part 2/3)
15 January 2025 | 1 reply
OPERATIONAL COMPETENCY CHECKLIST 📋DOCUMENTATION HANDLING 📑Clean, professional exchange documentsPrompt response to document requestsClear tracking system for deadlinesWritten procedures for identification period complianceSTAFF EXPERTISE 👥Dedicated exchange coordinatorsLegal counsel on staff or retainerClear escalation proceduresContinuous training programsWARNING SIGNS OF INCOMPETENCE 🚩Confusion about basic §1031 rulesUnable to explain identification rules clearlyMissing or inconsistent tracking of key datesPoor communication during critical periodsNo backup personnel for your coordinatorTECHNOLOGY INFRASTRUCTURE 💻Look for:Secure client portalsAutomated deadline notificationsElectronic document storageReal-time transaction trackingCOMPLIANCE RED FLAGS 🚨Suggesting aggressive interpretations of §1031Unwillingness to provide written guidanceCasual attitude toward identification rulesPushing timeline boundariesEXPERIENCE MATTERS!
Addison Ross
Batch Skip Tracing in Canada
6 January 2025 | 1 reply
You provide an excel sheet with basic information about the companies and they return all the contact info you could want for about $0.15 per lead.I have not been able to find an equivalent for Canada.
Matthew Spiegel
Basic Property Info on Lot in Nassau County
6 December 2024 | 2 replies
I have a lot in East Rockaway, corner that I am helping the owner find a buyer...Trying to get more info on like zoning and how much you can build, Property shark has been useful in NYC but pretty useless in Long Island, can not even find basic info there, is there another website or resource I can use for more detailed property info?
Owen Reeter
College Student Beginner
6 January 2025 | 3 replies
It will familiarize you with the basic terminology and benefits.
Ricardo Navarro
Flip in CLE
15 January 2025 | 9 replies
it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice.
Jimmy Jeter
New construction, 75% done. About to run out of money
14 January 2025 | 9 replies
Can you arrange for counters, floors, painting other “basics” without him tacking on his 20%?
Joelle Chilazi
Greetings from Realtor in Jersey City which has the 2nd highest rents in the US
13 January 2025 | 27 replies
Anyone with the capabilities to do basic research knows and understands this.
Gabriel Fung
Starting a Syndicate Fund on lucrative business model - Assistance Needed
5 January 2025 | 2 replies
They saw this works, and would like to join me for another project, which is a COPY and PASTE basically.
Pawan Gupta
Has anyone worked with Mynd.co?
14 January 2025 | 2 replies
Basically they'll come up with reasons as to why the "guarantee" doesn't apply to your situation.
Gabriel D. Zapata
Notice of an Independent Solar Energy Producer Contract
2 January 2025 | 4 replies
But if they only use 50kwh, they still owe $12- They’re basically setting up an annuity for the solar company.