1031 ECO INVESTING

These days it seems that more and more of our clients are opting to exercise
a “Green-Sustainable” 1031 Exchange…

This is the first time many have expressed an interest in this tax advantage.
One of the essential elements in the 1031 Exchange
is the successful relationship with the required QUALIFIED INTERMEDIARY

Here is a list of questions that may prove helpful:


._____ Is the QI/Accommodator a bona fide member
of theFEDERATION OF EXCHANGE ACCOMODATORS (FEA)? http://www.1031.org/

_____ Does the Qualified Intermediary hold a Certified Exchange Specialist™ designation?

_____ Is the firm bonded by an insurance company?

_____ Will the firm provide a copy of the bond?

_____ What is the Qualified Intermediary’s professional background?(Attorney? CPA? with 1031 experience?)

_____ Will the QI take responsibility for losses if a mistake is madeor the transaction does not qualify with the IRS?

_____ Who receives the interest on the escrow account? (The QI may quote a low fee as a tradeoff for receiving the escrow interest.)

_____ Is the QI accessible not only to you, but also to your real estate professional?
Is s/he willing to meet with all members of the team?including REALTOR® ?face-to-face?

_____Since other experts will be involved in order to assure due diligence,
review documents, handle financing…is the QI a team player?

____ Will an adequate paper trail be created?

_____ Is the QI accustomed to handling the type and size of transaction to be done?

_____ Does the QI have a specialty? Sustainable properties? Agricultural land?

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