Sophie Younger
detroit property problem
4 April 2012 | 25 replies
i can't contact the property management company or the company who sold it to me and intermediary sales company seem to be avoiding my calls.
Rick MacGills
Buying/wholesaling in war zones?
20 June 2017 | 27 replies
Legal issues aside it's the only logical way to make money transacting real estate sales as an intermediary.
Justin Garrett
The loaded question! Should I continue investing?
26 April 2017 | 3 replies
If you go to the closing table today without a Qualified intermediary in place you cannot do a 1031.
Eduardo Barcena jr
Rent to Retirement?
15 January 2024 | 103 replies
My turnkey middleman (which is what RTR serves as, an intermediary and not the actual rehabber) even intervened and they have ghosted him.
Account Closed
Failure to disclose lead based paint (Texas)
1 November 2017 | 16 replies
As you can see, most of the "outs" are maybes and we all will have different opinionsIs this the same transaction that you were wanted a delayed option period and using the listing agents firm in an intermediary relationship ?
Tom Squire
Escrow Contract Expired. Seller wont sign Addendum. What Can I Do
30 March 2017 | 5 replies
@Tom Squire, If indeed he has a reverse exchange kicking then he has 180 days from the day the intermediary closed the purchase of his replacement property to complete the sale of this property.
Stord Jacob
Help!! Trying research a 1031 exchange.
25 September 2017 | 4 replies
There are some ways to list more than one property and that ability is your fall back to the potential loss of a property.Most Qualified intermediaries have a very specific protocol that they like you to follow.
Phuong Tran
New investor seeks info on syndication, fixer uppers, more
14 March 2018 | 14 replies
Even so, I am a bit lost with my next steps.( FYI: I need to seal deals sight unseen from Bangkok, so I really need to work through trusted, solid intermediaries.
Ben Hutto
When Doesn't it Make Sense to do a 1031 Exchange
8 November 2018 | 8 replies
@Ben HuttoDave hit on all the main points.To add to point 5 from Dave - the tax deferral from the 1031 has to be greater than the cost of the 1031 itself at a minimum.The use of a 1031 intermediary can range from $750 - $1,250 for exchanging 1 property for another(from prices that I have seen).The cost of the tax preparer having to figure out this whole mess I would have to guess to be between $250 and $500with a cost of $1,000 - $1,750 for the 1031 exchange - and a tax rate of 15%(not assuming depreciation recapture and assuming you are not in the top bracket and not considering state taxes) - you should have atleast a 10,000 gain before considering doing a 1031 exchange.
William Carr
Owned my house for 6 years, some questions about renting it out.
21 June 2018 | 9 replies
You'd need a good CPA and a Qualified Intermediary (for the 1031), but basically, you could take the Sec 121 exemption mentioned above (since you'd still have lived there for 2 out of the past 5 years if you only rent it out for 3) and then use the remaining value to purchase another investment property through a 1031 exchange, deferring taxation on the sale entirely.