Choosing the Right Qualified Intermediary for Your 1031 Exchange

Choosing the Right Qualified Intermediary for Your 1031 Exchange

At Corcapa 1031 Advisors, we recognize that a key component within a successful 1031 exchange is selecting a reliable Qualified Intermediary (QI). As you prepare to defer capital gains taxes through this powerful strategy.

Tips for evaluating a QI:

1. Experience and Expertise
   Seek a QI with extensive knowledge of IRC Section 1031 and a proven track record. Verify their years in business and number of completed exchanges—Corcapa can help you connect with QIs averaging over 15 years of experience and thousands of transactions.
2. Financial Security
   Ensure the QI maintains robust safeguards for your funds. Look for segregated escrow accounts, fidelity bonds, and errors-and-omissions insurance. Avoid firms commingling proceeds, as this heightens risk.
3. Reputation and References
   Research the QI’s standing through client testimonials, industry affiliations (e.g., Federation of Exchange Accommodators), and regulatory compliance. Our recommended QIs consistently earn high praise.
4. Service and Communication
   Choose a QI offering clear, responsive support. They should guide you through the 45-day identification and 180-day closing timelines, ensuring compliance. Corcapa’s preferred QIs provide dedicated assistance, simplifying the process.
5. Fee Transparency
   Compare fees upfront—typically $750-$1,500 per exchange. Beware of hidden costs; a reputable QI discloses all charges clearly.

Schedule Your Consultation

A trusted QI works with Corcapa 1031 Advisors to help guide you through your exchange to ensure your DST choices align with your objectives. Contact us at (949) 722-1031 or schedule a consultation to discuss your specific goals.