Financial Resource

The exchange of 1031 properties is a complex transaction. Many things can go right leaving you to enjoy a more secured future with steadily increasing real estate investments and revenue. You can also learn some painful lesson when things go wrong along the way.

You can reduce the risk of 1031 properties gone wrong by surrounding yourself with the qualified professionals that are there to help you every step of the way.

Commercial Realtor who Specializes in 1031 Properties

You may already know the importance of finding a quality commercial real estate agent to help you identify potential investment properties.

Did you know that it is equally important to find one who is experienced in this particular transaction to help you find a property that will qualify for the 1031 exchange?

It’s worth taking a little time to find out how knowledgeable a realtor is about 1031 property exchanges before you choose your real estate agent. This will help you avoid properties that will not qualify and will save you a great deal of time throughout the search for an excellent investment.

In a world where time is money, your realtor is an invaluable resource if you select the right one.

Qualified Intermediary – Necessary for all 1031 Exchanges

Sometimes these professionals are referred to as Exchange Accommodators. Whatever they are called, these are the people that are trained specifically to help facilitate your 1031 properties exchange.

This is a required part of the process in order to provide complete and total transparency throughout the process and meet the requirements for tax deferral.

When selecting an intermediary for your exchange, it’s a good idea to check with the Federation of Exchange Accommodators to find a Qualified Intermediary who has received the Certified Exchange Specialist (CES) certification or designation and works in your area. This will give you peace of mind knowing that he or she has been vetted through a rigorous examination and background check process.

Accountant

Tax laws are complex. You are going to want to rely on the expertise of a qualified accountant to help ensure your compliance to the letter of the law for 1031 properties exchanges.

It’s also one more professional in your system of checks and balances and a wise investment for your time and money, no matter where you are in building your real estate investment empire. You will want to find out about his or her experience dealing with 1031 exchange transactions if you plan to continue to grow your real estate investments over time.

There are many instances in life where we need to rely on the people who surround us for support and knowledge. Surround yourself with successful people in each field so that you can enjoy a flawlessly executed and minimally bothersome experience with your 1031 properties today and in the future.

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