Anyone know this 1031 Company

[Joseph Quarto]

Hi all,

So I think I may have a buyer for my 5 unit building in Seattle.  The next question is company to handle the 1031 exchange.  Have been talking to Asset Preservation, Inc. (API) who is a qualified intermediary.  Any opinions/comments on them.

They also had mentioned that rather than the "3 property" rule, I have another choice; 

The "200 percent rule", which I can ID any number of properties, as long as they DO NOT exceed 200% of the aggregate fair market value of the relinquished property.

Does this sound right?

Also their fee is $700 setup & $300 for up to 3 properties.

Any help, comments, advice appreciated.

Joseph Q