Qualified intermediary services
1031 Exchange Qualified Intermediary
onezero3one facilitates 1031 exchanges for owners of investment and business real estate.
Contact onezero3oneWhat a qualified intermediary does
In a 1031 exchange, an owner sells investment or business real estate and acquires replacement property without taking possession of the sale proceeds in between. The qualified intermediary is the independent party that holds the exchange together from one closing to the next.
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Before the sale closes
onezero3one is assigned into the sale contract and prepares the exchange agreement and closing instructions for the closing agent.
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Between sale and purchase
Sale proceeds are paid to onezero3one rather than to the owner and are held for the exchange until they are needed for the purchase.
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Identification and purchase
The owner identifies replacement property in writing within 45 days of the sale and completes the purchase within 180 days. onezero3one delivers the exchange funds to that closing.
What onezero3one does not do
onezero3one does not give tax or legal advice. Whether an exchange fits your situation, and how the deadlines apply to you, are questions for your tax advisor or attorney. onezero3one works alongside them and with your closing agent.
The 45-day and 180-day periods are fixed by federal law and can be shorter in some circumstances. See Disclosures.
Contact
Planning a sale? The exchange must be set up before the sale closes. Send a short note and onezero3one will reply by email.