Build to Suit 1031 Exchange

[Account Closed]

Hello,
I am currently in a 1031 exchange build to suit. I have already set up the EAT and currently doing construction. The construction is paid for by me and not through the EAT. My construction will cost enough to meet my requirements.

Question - what happens after my construction is done? Once I send the proof of payments, will the intermediary automatically change the title to my name? Do I need to get an appraiser to show the added value?

This is my first 1031 construction exchange and appreciate your comments and feedback. Thanks!

[Alex Olson]

Originally posted by @Account Closed:

Hello,
I am currently in a 1031 exchange build to suit. I have already set up the EAT and currently doing construction. The construction is paid for by me and not through the EAT. My construction will cost enough to meet my requirements.

Question - what happens after my construction is done? Once I send the proof of payments, will the intermediary automatically change the title to my name? Do I need to get an appraiser to show the added value?

This is my first 1031 construction exchange and appreciate your comments and feedback. Thanks!

Great questions. Your situation is more rare than what many are willing to tackle. I am sure @dave foster will have some food advice but the best thing to do is to talk with your QI extensively.