Why Is It Important To Choose A Qualified Intermediary Carefully?
If you are looking for property investment in Massachusetts, the chances are you taking the support of Section 1031 to defer the taxes. As per the regulation of IRS, you need a qualified intermediary (QI) to execute the process. There isnt any federal authority or national standard that keeps a check on qualified intermediaries. Only […]
Questions You Should Ask Your Qualified Intermediary
While planning for a 1031 exchange, choosing a qualified intermediary is the last thing that comes to the mind of investors. The importance of qualified intermediaries is more than you have imagined. Also, it is important to do a research because a lot of QIs are not regulated. Here are some questions you should ask […]
Top 5 Tips For Section 1031 Property Exchange
The introduction of Section 1031 was a historic move for the investors. It gave the investors a power to defer the taxes associated with capital gains. Here we present some tips to ensure that process is executed smoothly. Purchase sufficient replacement property to defer all of the tax Buy replacement property that is equal to […]
Role of A Qualified Intermediary in 1031 Exchange Process
During the 1031 tax deferred exchange process, intermediary holds your funds until they are used for acquiring replacement property. You must make sure that the funds are held safely. It is essential to check that intermediary must be reputable and financially strong. Some major roles of a QI include: Preparation of documents related to replacement […]
1031 Exchange Glossary: Terms You Should Know (Part 2)
In our previous post, we discussed some basic terms associated with 1031 exchange. Here we present another set of terms that will help you conduct the process easily. These terms include: Boot: It is a non like-kind property that may be received during the exchange. Actual Receipt: It is referred as the physical possession of […]
6 Reasons You Should Invest in a Delaware Statutory Trust
DST is one of the underrated business trusts when it comes to real estate investments in the USA. But in reality, it can offer you myriad benefits due to important attributes attached to it. Here we present 5 major reasons to invest in this unincorporated business trust (UBO). Can be purchased as a replacement property […]