Comments on: The Mechanics of an UPREIT: A 1031 – 721 Exchange http://www.biggerpockets.com/renewsblog/2008/11/14/the-mechanics-of-an-upreit-a-1031-%e2%80%93-721-exchange/ Learn, Network, Invest Mon, 23 Nov 2009 21:00:23 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: jim vilardi http://www.biggerpockets.com/renewsblog/2008/11/14/the-mechanics-of-an-upreit-a-1031-%e2%80%93-721-exchange/comment-page-1/#comment-65709 jim vilardi Tue, 19 May 2009 00:44:49 +0000 http://www.biggerpockets.com/renewsblog/?p=2264#comment-65709 Is it possible to sell a property, and purchse operating partnership units in a REIT to complete the 1031 transaction ? Does anyone have any thoughts or advise ? Is it possible to sell a property, and purchse operating partnership units in a REIT to complete the 1031 transaction ? Does anyone have any thoughts or advise ?

]]> By: David Harris http://www.biggerpockets.com/renewsblog/2008/11/14/the-mechanics-of-an-upreit-a-1031-%e2%80%93-721-exchange/comment-page-1/#comment-61468 David Harris Thu, 20 Nov 2008 18:44:16 +0000 http://www.biggerpockets.com/renewsblog/?p=2264#comment-61468 Great Post. One disturbing trend that people should also be aware of in 1031 exchanges is abuse and mismanagement of money by exchange companies. I encourage everyone to thoroughly vet any potential qualified intermediary. Consider working with a 1031 exchange company that deposits your money only in money-market accounts that invest in government backed securities. With uncertain market conditions, it’s the only way to ensure your money will be there when you need it. Great Post.

One disturbing trend that people should also be aware of in 1031 exchanges is abuse and mismanagement of money by exchange companies. I encourage everyone to thoroughly vet any potential qualified intermediary.

Consider working with a 1031 exchange company that deposits your money only in money-market accounts that invest in government backed securities. With uncertain market conditions, it’s the only way to ensure your money will be there when you need it.

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