Any realtor out there specialize in 1031 exchange deals only?

I specialize in Investment buyers so by default I do alot of 1031's but it would not be good to specialize in just 1031's. If you deal with alot of investers then you should learn everything you can about 1031's and develope a realtionship with a good QI

Thanks for the advice Paul. I have already connected with a good QI.

About 80% of my deals this past two years have been 1031 exchanges. Yes, there is a lot to learn, but after a while, it's just like riding a bike, it becomes natural.

The biggest problems I see out there is that agents that "list" out of town owners don't explain the tax consequences nor the advantages of exchanging, thus exposing them to potential liability/negligence suits.

Campion, I must agree with you. The explaining part is a problem for some realtors. I would add also that lack of knowledge is a big one, at least in my neck of the woods. Myself I'm looking to get more involved in the 1031 exchange arena.

Drobin-
You know what's neat about the whole thing?
Besides helping them defer taxes, you normally get them coming AND going. (2 deal in one!)

What does "QI" mean?

Qualified Intermediary

Thank you! I tried looking in one of my Real Estate books I keep by the computer, but I couldn't find that, so what does Qualified Intermediary mean? Thanks again!

A QI is as per the IRC Section 1031 code an independent, unrelated third party who will act as a middleman for the exchange. AKA commonly as an(accountant or attorney) who is well versed in 1031 exchange laws & taxes.

Are any of you part of the National Council of Exchangors or have any certifications? An investor I work with recommended it. Of course, CCIM is on the docket as well, but I wasn't sure if anyone on the board knew more about the NCE.

Could a Real Estate agent be a QI or is it only commonly accountants and attorneys?

Sky...you're going to have a lot of questions. Here are some good resources. It's just a few, but there's a lot of information out there.

http://www.for1031.com/
http://www.realtor.org/libweb.nsf/pages/fg408
http://www.1031adviser.com/1031-articles.htm

Oh, cool, thanks Dee!!!!

Instead of the National Council of Exchangors there is the FEA organization that is more recognized and provides certification regarding 1031 exchanges. RE agents can become affiliates.

Ok, that's http://www.1031.org/. I saw their site and wondered about becoming a member.

Hi. I do lots of exchanges. I started teaching free classes on investing and 1031 exchanges in March. So far I have had nearly 100 people attend. They are so interested in learning about 1031 exchanges. If you work with someone who is exchanging from a state where they will pay much for taxes (Colorado is just 5%, but I think CA is much higher) you should talk to an accountant about setting up a.... I'm not sure if I've got the right trust here... private annuity trust to exchange properties in. Might save them more than doing a 1031. If you need to know more I can ask my accountant.

I'm actually planning on becoming one in July. I figured being a member could not hurt. I hooked up with a QI who is an accountant and has a radio spot on the financial radio here in Boston. Planning on putting seminars together for local investment property owners.

Wow, robin, that's great!

Thanks Carla, if I have questions about 1031s, I'll email you. So far, it seems as if I'm just locating properties for buyers. I'm signed up for some MCE courses on 1031s that are more advanced. They provide CPA and legal credits, so I figured they'd be more than just an overview.