Jack Deer
Contacting and dealing directly with Sellers agent!
12 July 2023 | 13 replies
The sellers agent would become an intermediary (if the seller allows) or hire an agent for you.
Mark Lawson
Has anyone ever used a 10-31 in a partnership?
18 August 2023 | 4 replies
Therefore you'll want to verify this property satisfies those figures and timeframes in order to make it possible, or else they could pull out of the deal.Definitely get with a solid qualified intermediary to insure you're following all the rules to pull it off, or else taxes could turn this deal sideways.
Joe Dvorak
Using a 1031 exchange to buy employee housing for a small business
8 June 2023 | 4 replies
I'd say get a really good 1031 intermediary and have the client run the full scenario by them to stay in compliance.
Jim Dealut
question about 1031 replacement strategy
22 August 2022 | 3 replies
The title is held by an entity created by the licensed 1031 intermediary.
Kalman G Szabo
Buying sheriff sale properties through reverse 1031 exchange
5 May 2019 | 1 reply
As I understood sheriff sale and similar auction properties aren't viable as replacement properties through a straight 1031 exchange because of operational difficulties - e.g. the funds from the property sold should be held by the Qualified Intermediary (QI) who could not possibly release it on time to pay the sheriff sale dues - which are depending on your jurisdiction an up-front part and the rest be paid in a very short notice.
Stephen Jones
1031 exchange funds into a vacation home/rental
11 August 2023 | 7 replies
From what I understand it needs to be a "like-kind" property.That means multifamily to multifamily, retail to retail, single family to single family.I'd call a 1031 intermediary to ask specific questions, they won't charge you for a conversation.
Madalyn McCurdy
Brian's BnB Formula - Alaska
2 October 2019 | 4 replies
Generally it is better to find an owner of a property that doesn't have other intermediaries.
Matt Smith
1031 toward a foreclosed home
28 February 2016 | 4 replies
For example, with REO property the Purchase and Sale Agreement must be assigned to the Qualified Intermediary in order to integrate the property into your 1031 Exchange transaction.
Raj Kumar
Buying in court house/Sheriff sales or auctions
24 June 2016 | 3 replies
Actually i was planning to go to a sheriff sale tomorrow and just struck me that i need the funds from the intermediary.
Matt Smith
Online auction with payment to title company?
14 April 2016 | 2 replies
@Matt Smith, when you say "...where I would wire the money..." are you referring to your 1031 intermediary or did you actually receive the funds from closing of your sale?