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wexeter
03-14-2005, 01:23 AM
Best wishes on a great new site and forum board! I look forward to answering your poster's 1031 exchange questions.
Just Information
03-14-2005, 01:45 AM
Folks this guy knows his stuff! He has been a great help with many and I have followed his post for years on 1031 exchanges.

WELCOME William
Dan Auito
03-14-2005, 02:04 AM
No doub't about it, William here is the expert. What a fantastic new family member we have just gained. With 19 years of hands on exchanging and real estate of his own. People are in for some great surprises for sure.

Thank you so very much for being here William, it's an honor to have you with us! :SM049:
wexeter
03-14-2005, 02:42 AM
for the warm welcome. I'm looking forward to participating. Have a great week.
kimesha
03-20-2005, 01:15 AM
hi wexeter,
i was talking to an agent the other day and she said that the in 1031 exchange your house isn't nececarily sold. you transfer it to an exchanger. i looked at her like she had 3 eyeballs. maybe you could clear this up for me? :wacko:
wexeter
03-20-2005, 05:21 AM
There are a number of ways to structure 1031 exchange transactions. There is a way to exchange with out using a professional Qualified Intermediary (Accommodator) and I am assuming that she is referring to this structure (although I am not sure). This structure is rare and requires too much cooperation, etc. The most common structure used today is what they refer to as a three party exchange where the investor sells his or her property to a buyer (through a Qualified Intermediary) and the investor then identifies/locates suitable replacement property from another party and acquires that property through a Qualified Intermediary. I'm not sure this helps clear up the confusion started by the realtor. Let me know.
Dan Auito
03-20-2005, 06:19 AM
One thing I know for sure Kimesha, If and when I decide to do an exchange I will be calling William to be my accomodator! I suggest if you do anything regarding a 1031 exchange that you should do the same. You will not find a more qualified professional than are very own William right HERE! :SM009: