Many investors find themselves in a situation where they have plenty of equity in their property and want to trade up or buy additional properties. Fortunately, with 1031 exchanges, investors can sell properties with unlimited gains, deferring their tax liability by exchanging that property for a like-kind property within a defined time limit. The caveat to this is that investors need to find a qualified intermediary to help facilitate the process.
So, what is a 1031 exchange qualified intermediary, and how do you find one? This guide will provide you with the basics regarding qualified intermediaries, what they are, what they do, how to find them and what questions to ask before choosing one for a 1031 exchange.