Getting started is the toughest part of any 1031 exchange – especially if you’ve never done one before. It can be confusing and difficult to know what the appropriate steps are. The best thing you can do to get your exchange started is to contact a qualified intermediary. Interested in starting a 1031 exchange? Contact our Nebraska 1031 qualified intermediaries to get your exchange started today – 877.373.1031.
Getting Your Exchanged Set Up
A 1031 exchange is a multi-step process that can get complicated quickly. The first step in any 1031 exchange should be to contact a skilled and trusted qualified intermediary. To get the ball rolling, your intermediary will need to collect some initial information from you, including:
- The name and contact information of the persons or companies involved in the exchange
- The name and contact information of the title company closing the transaction
- The purchase agreement
- The title report
Using this information, your qualified intermediary will begin preparing the required 1031 exchange documents for your transaction. They will also advise you potential replacement property and ensure everything is completed within the 180 day 1031 exchange time period.
Learn more about the role of the qualified intermediary by watching the below video:
Nebraska 1031 Exchange Services
Hiring a qualified intermediary is the first step in getting your 1031 exchange off the ground. An intermediary will guide you through all the necessary steps in your exchange – answering your questions, making recommendations, and compiling all the required documents so you are ready for your closing. Give our 1031 exchange professionals a call today to get the help you need with your exchange – 877.373.1031.
