YES. "1031 Exchange" means exchanging "like kind" investment properties. We can list your property for sale, secure a buyer, and assist you in identifying a replacement property, working with your Qualified Intermediary to ensure compliance with IRS section 1031.
When executing a 1031 Exchange, it is important to involve your lawyer and your CPA, as well as a designated "Qualified Intermediary," or QI. There are many professional organizations which offer QI services, including some banks such as Wells Fargo.
Your CPA, attorney, real estate broker, family members, and other business partners are prohibited from acting as your Qualified Intermediary. However, almost anybody can technically act as your QI, although it is important to use a provider you can trust who is familiar with the myriad compliance items and timelines involved in 1031 Exchange scenarios.
Q: Can Hardin Realty Help Me Execute a 1031 Exchange?