Selecting a Qualified Intermediary to facilitate your Section 1031 Exchange is a very important issue for you, but it should not be a complex matter.  You must ensure that (i) Your exchange funds will held safely so they will be immediately available to you for the purchase of your Replacement Property; (ii) The person who is assigned to close your exchange has the necessary experience and background to recognize potential issues and to answer your questions as well as those of your attorney or accountant; and (iii) The fee for your exchange, including the interest paid to you on your exchange funds, is reasonable and competitive.     

Under the Section 1031 rules, your exchange funds must be held in an account established by the Qualified Intermediary.  Beacon Exchange Company has taken every precaution to ensure the security of your  funds, including: 

1.  Your exchanges funds will be immediately deposited with a substantial and federally regulated financial institution with an emphasis on liquidity and preservation of principal.   

2.  Your funds at all times will be held in an individual, segregated, dual signature account which will be separately identified with your name and federal tax identification number.  Your funds will never be co-mingled with those of any other person or entity, nor can your funds be withdrawn from this account without your written authorization.

We invite you to call me if you would like to review these safety and security precautions.