Is a Q.I. Needed?

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$650 covers you for one relinquished property and one replacement property.

An additional $175 will be charged for each replacement property purchased afterwards.

There's a $30 wire fee for outgoing wires.

That's it.

AND we pay interest on the funds while we
hold them.

Is a Qualified Intermediary needed if All Properties are Closing Concurrently?

Yes, if there are more than two properties involved. If two Exchangers want each others properties a qualified intermediary is not required. If three or more properties are involved, someone either has to go through the chain of title to make the exchange work or a qualified intermediary must prepare the documents required by the IRS to show the trade.

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