My other lender that has facilitated this was Standing Stone Bank in Lancaster, Ohio.

It likely contains verbiage to the effect of: "The Seller herein acknowledges that it is the intention of the Buyer to effect an IRS Section 1031 Tax-Deferred Exchange and that the Buyer's rights under this agreement shall be assigned to [insert name of Seller's chosen intermediary here] to facilitate such exchange.

Its a process for a new investor to actually buy a property, and the more you can facilitate that process with education, information, and connection, the better chance the new investor has of actually buying something.

sorry to revive this old thread but i just came across your post and wanted to let you know how much i appreciate the specific and thorough overview and insights. i'm in boston, but my dad lives in new port richey. i've been looking for some type of small (2-4 unit) multifamily situation in the st. pete area. i'd like to use it to facilitate more frequent visits to hang out with him and escape from up here periodically while having at least one unit generating year-round rental income. i have no qualms about taking on fixer-uppers and i am in agreement with you about doing the work right the first time, even if that means spending a bit more money and/or time to do so. i recently stumbled across a few properties that seems intriguing, to say the least. was considering flying down to check them out but then i realized it's school vacation week so fares are triple what they are next week. i would love your perspective on them ; it's definitely a unique situation and while i do love a challenge  it's difficult to assess exactly what kind of challenges to expect in this case. your post here was a very helpful little push towards the direction of starting to see this whole thing taking actual shape as an actionable plan, so whether i hear from you eventually or not i will remain appreciative forever :D thanks!!

As you know with most SD facilitators, SD companies do not provide tax, legal, financial or investment advice...so, while I cannot give advice that is considered tax advice, I can explain process and requirements.

If you are acting as a agent and facilitating a sale, then that is a different story.

While there is no legal liability in facilitating bad advice, to me there is a degree of a moral obligation in doing so, but still that is beyound your control and sure everyone realizes that.But here is the rub, you set up a system that allows someone to establish a degree of influence or preceived expertise that is influenced by popularity to some degree.

A lot of people ask if my building facilitate a laundry room on site.

Facilitate conversation and get people to talk like adults.Tenants not paying on time.

A couple through turnkey companies, one through working with a good agent, another referred by a turnkey provider but not rehabbed by them ( owner wanted a quick clean sale and purchased from them previously ), and a couple through working with a real estate investor who has a team in place to facilitate purchases and rehab if needed.