1031exchangeQI

The importance of Qualified Intermediaries can't be ignored when it comes to 1031 exchanges. As per the rules framed by the IRS, a 1031 investor must involve a Qualified Intermediary (QI) in every exchange. It could be said that a 1031 exchange is impossible without the participation of a Qualified Intermediary. That's why you must know the role of Qualified Intermediary if you're planning a 1031 exchange. Who is a Qualified Intermediary? A Qualified Intermediary, also known as a facilitator, is an individual responsible for handling 1031 exchanges on behalf of investors. From finding a buyer for your relinquished property to acquiring the replacement property, a Qualified Intermediary does everything. The reason why it's mandatory to involve a Qualified Intermediary in 1031 exchanges is that investors often face difficulties in locating replacement properties and the presence of a Qualified Intermediary makes their job much easier. Who can be a Qualified Inter