Equicap 1031 Exchange

1559

LET OUR EXPERTS HELP YOU SAVE TAX DOLLARS & PRESERVE EQUITY

About Us

Today, knowledgeable investors seek an experienced Qualified Intermediary to handle exchanges. The use of a Qualified Intermediary significantly reduces transactional stress by assuring the proper execution of required documentation. Qualified Intermediaries provide a vast array of options so that investors have access to the full power of exchanges.

 

Many investors are surprised to discover that the Qualified Intermediary industry is not nationally regulated. Consequently, the careful selection of the Qualified Intermediary is essential to ensure the highest levels of expertise and security of funds. Equicap 1031 Exchange, Inc.(EEI), provides the key services of a Qualified Intermediary as defined and required by the IRC and Treasury Regulations.

 

  • EEI is a Qualified Intermediary pursuant to IRC Section 1031
  • EEI confers with each Exchanger’s attorney and/or tax advisor and forwards legal documentation, as requested, so that the IRC §1031 rules and regulations are thoroughly understood
  • EEI prepares the necessary documentation – Exchange Agreement, Assignment(s), Notice of Assignment(s), Qualified Exchange Account Form, Security of Funds Instruments and Instructions to each Closer/Escrow Officer – and oversees each closing to assist in proper §1031 procedures
  • EEI, via the proper exchange documentation, consummates the sale of the relinquished property and the purchase of the replacement property
  • EEI holds and protects the exchange proceeds on behalf of the Exchanger until funds are needed to purchase the replacement property
  • EEI is a member of The Federation of Exchange Accommodators the only national trade association to represent professionals who conduct like-kind exchanges under the Internal Revenue Code §1031 exchanges.