You need a "qualified intermediary". I'm sure someone here can recommend a decent one.

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Jul 5, 2024
4:03:20pm

HarlemCoug All-American

You need a "qualified intermediary". I'm sure someone here can recommend a decent one.

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HarlemCoug

Previous username: Big12
Bio page: HarlemCoug
Joined: Sep 8, 2014
Last login: Oct 4, 2024
Total posts: 34,442 (4,306 FO)

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Messages

Author

Time

Tricky 1031 question for CB accountants/real estate folks...

C-dubb

Jul 5, 4:00pm

Make sure you set up a qualified escrow account for the funds from the sale.

allaboutthegainz

Jul 5, 4:02pm

You need a "qualified intermediary". I'm sure someone here can recommend a decent one.

HarlemCoug

Jul 5, 4:03pm

This^^ you CANNOT just take the funds and roll them over yourself.

Jul 5, 4:34pm

Sounds about right.

toadie

Jul 5, 4:03pm

Thanks! Anyone have experience with nightly rentals in Washington County? (Pros,

C-dubb

Jul 5, 4:55pm

Honestly the market there seems kind of saturated but I’m not an expert

MacsKid

Jul 5, 7:00pm

I second this. We looked into it for a while but couldn’t make the numbers work.

Jul 5, 8:22pm

I’ve said this on another post but I think there is a correction coming to

MacsKid

Jul 5, 9:55pm

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