1031 Property Exchanges
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Certified / FEA

Strategic Property
Exchanges, LLC
11353 Reed Hartman Hwy.
Suite 300
Cincinnati, OH 45241

Toll Free: (800) 427-7212
Phone: (513) 412-3481
Fax: (513) 412-3482


 

1031 property exchange basics
Qualified Intermediary

Even the name seems a little complicated.  I always take in a breath when a client asks me to describe why they need a Qualified Intermediary. This is made a little more complicated by the use of related names, such as accommodators or exchange facilitators. 

What is a QUALIFIED INTERMEDIARY?
  • A Qualified Intermediary is an independent party that facilitates a tax-deferred exchange.
  • The Internal Revenue Service requires the use of a QUALIFIED INTERMEDIARY for a Section 1031 Exchange to qualify under their regulatory "safe harbor".
  • The sale proceeds are held by the QUALIFIED INTERMEDIARY until they are needed to acquire the replacement property.

    That's it, or is it?

     

At Strategic Property Exchanges, LLC we believe that the Intermediary is also:

 The Timekeeper, advising clients stay within the statutory time limits
 
The Guide, advising clients to the right type of Exchange 
 
The Guardian, safeguarding the client’s assets during the exchange

      The Teacher, providing educational seminars to the general public
 
The Advisor, keep our clients updated on changes in the law
 
The Innovator, providing new tools to utilize existing business assets, investing in new assets, conserving cash flow and reducing income taxes