A qualified intermediary is an essential part of any 1031 exchange, but many people are unaware of the true benefits of hiring an intermediary. In this article, we are going to discuss a few of the many benefits of working with a qualified intermediary on your 1031 exchange of real estate.
A Deep Pool of 1031 Exchange Knowledge
Perhaps the greatest benefit of working with a qualified intermediary is the deep pool of 1031 exchange knowledge you have access to through them. Qualified intermediaries are professionals who specialize in facilitating 1031 exchanges of real estate. They are an in-depth knowledge of the process, regulations, and guidelines. They can answer all of your questions that relate to 1031 exchanges.
Ensuring Your Exchange is Successful
1031 exchanges may appear simple, but they can get complicated quickly and not all exchanges are ultimately successful. A qualified intermediary can examine the details of your specific property and ensure that you are set up for a successful exchange with 100% tax deferral.
Attending to the Details & Documents
There are many documents and details that need to be lined up during the 1031 exchange process. This can be overwhelming for many taxpayers. Let a qualified intermediary attend to all the details and documents for you.
1031 Exchange Intermediaries
Looking for help with your 1031 exchange? The qualified intermediaries at CPEC1031, LLC have the skills and resources necessary to make sure your exchange of real estate is a success. Our team can guide you through the process, prepare necessary documentation, and answer any questions you may have along the way. We’ll make sure you are fully prepared when it comes time to close on your properties. Our primary office is located in Minneapolis, but we work with clients throughout the country who want to defer their taxes when selling qualified real property.