 profits on the investmen (by Lawson [MD]) Oct 15, 2020 10:23 PM
 profits on the investmen (by Laura [VA]) Oct 15, 2020 11:58 PM
profits on the investmen (by Robert J [CA]) Oct 16, 2020 1:04 AM
profits on the investmen (by Lawson [MD]) Oct 16, 2020 3:04 AM
profits on the investmen (by Lawson [MD]) Oct 16, 2020 5:13 AM
profits on the investmen (by FloridaNative [FL]) Oct 16, 2020 10:05 AM
profits on the investmen (by Oregon Woodsmoke [ID]) Oct 16, 2020 11:21 AM
profits on the investmen (by plenty [MO]) Oct 16, 2020 2:37 PM
profits on the investmen (by Ray-N-Pa [PA]) Oct 16, 2020 4:02 PM
profits on the investmen (by Lawson [MD]) Oct 18, 2020 7:45 PM
profits on the investmen (by Tyler [NC]) Oct 19, 2020 11:22 PM
profits on the investmen (by Ray-N-Pa [PA]) Oct 20, 2020 6:34 PM
profits on the investmen (by Lawson [MD]) Posted on: Oct 15, 2020 10:23 PM
Message:
How do you go about finding a qualified intermediary. Should that be a banking institution? Do you have to have documents at the time of settlement and have the profit transferred immediately. If so, where do I get the forms?
--172.58.xxx.xx |
profits on the investmen (by Laura [VA]) Posted on: Oct 15, 2020 11:58 PM
Message:
I found an intermediary through my attorney's office. Yes, you must set this up prior to settlement, and if you already have a sales contract, that will need to be re-done to designate the intermediary as the one who receives the funds from the sale. You get the paperwork from your intermediary. I think you can also find them online by Googling 'Starker Exchange". --67.172.xxx.xxx |
profits on the investmen (by Robert J [CA]) Posted on: Oct 16, 2020 1:04 AM
Message:
When I was going to do a number of 1031 exchanges, I wasn't shy and called up:
a) My apartment association
b) My real estate attorney
c) My real estate agents and brokers
d) Other investors
And from various seminars and classes found a company called IPX 1031 Exchange with $100,000,000 insurance per transaction. I got their insurance policy and called up to confirm it was current, active and paid in full.
During that period a number of other intermediary companies mis-used funds and left the investor high and dry with no money, but they still have to pay the taxes on the profit from the sale of the relinquished property.
--47.155.xx.xxx |
profits on the investmen (by Lawson [MD]) Posted on: Oct 16, 2020 3:04 AM
Message:
Can a financial institution such as a bank, qualify as a qualified intermediary. If so, can it wise to have it placed in an interest bearing financial institution?Is there a cost for this service? --172.58.xxx.xx |
profits on the investmen (by Lawson [MD]) Posted on: Oct 16, 2020 5:13 AM
Message:
I am the seller. If I agree to pay the settlement cost, is it unreasonable to ask the buyer to accept any costs that may be associated with inspection repair cost --172.58.xxx.xxx |
profits on the investmen (by FloridaNative [FL]) Posted on: Oct 16, 2020 10:05 AM
Message:
Lawson, you can sell the property AS IS so the buyer bears the responsibility and the expense of repair costs after closing. Depending on the condition of your property, it may limit your buyer pool due to the financing type the buyer is using for the purchase. --68.104.xxx.xxx |
profits on the investmen (by Oregon Woodsmoke [ID]) Posted on: Oct 16, 2020 11:21 AM
Message:
My escrow company owns a 1031 company. You might start by asking at your escrow company.
Everything is handled in escrow. --76.178.xx.xx |
profits on the investmen (by plenty [MO]) Posted on: Oct 16, 2020 2:37 PM
Message:
Where are you in the process? Listed? Under contract? Just thinking about listing? Closing tomorrow? --99.203.xxx.xxx |
profits on the investmen (by Ray-N-Pa [PA]) Posted on: Oct 16, 2020 4:02 PM
Message:
I have used Chicago Deferred Exchange in the past, but lately I have been using 1031 Corp as they offer me discounts for repeat business and combining legs together --24.101.xxx.xx |
profits on the investmen (by Lawson [MD]) Posted on: Oct 18, 2020 7:45 PM
Message:
How do you determine profit for 1031. Do you record price of investment and settlement costs. What expenses are allowable deductions. Also do you include rent payments. Where can I find the formula
--172.58.xxx.xxx |
profits on the investmen (by Tyler [NC]) Posted on: Oct 19, 2020 11:22 PM
Message:
Agree with Jeffery as your attorney should have a recommendation or two. Lately I’ve used IPX1031 - google them
--69.254.xx.xxx |
profits on the investmen (by Ray-N-Pa [PA]) Posted on: Oct 20, 2020 6:34 PM
Message:
Google 1031 calculators --24.101.xxx.xx |
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