A Tax Haven for Creating & Preserving Real Estate Wealth
As Qualified Intermediaries, we take the complexity of the exchange out of the equation. Now you can handle these transactions with ease, knowing you have your own 1031 Exchange Intermediary available. We are also available as consultants to real estate agents at NO CHARGE. All we need from you to accommodate your 1031 Exchange is a copy of the sales contract and the name and phone number of the settlement agent. It’s that easy!
Section 1031 of the Internal Revenue Code requires that exchangers MUST use an independent, unrelated third party known as a Qualified Intermediary who will act as a middleman for the exchange.
Did you also know:
• A 1031 Exchange can take place even if the sales contract makes no mention of one?
• You can exchange rental/investment property for a retirement home, if you plan things properly?
• You can exchange rental/investment property for a vacation home, if you plan things properly?
• You can exchange several small properties into one large one or vice versa in a tax-free exchange?
• You can exchange raw land for investment property?
• You can exchange residential apartments for commercial properties or vice versa?
• A multi-unit property that contains a personal residence can qualify for a 1031 Exchange?
• Condos and Homes held for resale by builders and developers DO NOT QUALIFY for 1031 Exchanges?
• The titles of the replacement property must be held the same way that the property sold was held?
• A Section 1031 Exchange can take place, even if part of the proceeds are taken out by the seller at settlement?
• Our sister company, Qual-i-Tax, Inc., can provide tax advice to your clients who need it?
• You can exchange a multi-unit property for a single-unit property as long as it is used for investment or business purposes?
Let us take the headache out of your next 1031 Exchange!
Member of Federation of Exchange Accommodators
1031 Exchange Group, Inc., 1994 West Street, Annapolis, MD 21401
Phone (410) 224-3314, Fax (410) 224-3994
