Real Estate Investing
by Grant Conness
| December 19, 2008
A Qualified Intermediary (QI) is essential for the completion of a successful 1031 Exchange and care should be taken in the selection of your QI. Sometimes referred to as the Exchange Accommodator, the QI performs several important functions in the exchange process including:
Coordination of the structure, process, and documentation of the 1031 Exchange
Controls the proceeds [...]
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Learn Real Estate
by Grant Conness
| December 14, 2008
IRS Section 1031 classifies an investment in an oil and gas “Royalty Interest” as like-kind property for a 1031 Exchange.
Investors can diversify their portfolios by exchanging an apartment complex, raw land, an office building, or any other eligible investment property for an interest in oil or gas royalty production.
The term, “Royalties” is often used interchangeably [...]
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