The 1031 mentions that you need qualified intermediary – is this typically just a bank that will take care of the rest of the mortgage or should I be looking into third parties for this?

The 1031 mentions that you need qualified intermediary – is this typically just a bank that will take care of the rest of the mortgage or should I be looking into third parties for this?

If so was there an intermediary agreement in place ?  

I'm no expert but I have read that you must enlist the services of a 'qualified intermediary' and you cannot touch the money.  

Theoretically, you should be able to make a little more on the direct hard money loans, as their is no intermediary taking a cut.

However, using your state's inTRAstate exemption from SEC registration, as I am suggesting above for New Mexicans, you might be able to raise funds from your state's public at a much lower cost than Title III, with less regulation and no required intermediary.

@Dave Foster is the intermediary I would call to get all the answers

The closing of the sale at that point in time would trigger your 1031 Exchange, so make sure that you have a Qualified Intermediary in place prior to the closing of the sale property.

If i need 1031 Exchange Intermediary does it have to be from Minnesota as well?

A qualified intermediary is the person who must perform the 1031 exchange on your behalf.