Justin Amos Explains the 1031 QI Decision to Real Estate Professionals

In a major industry publication, Amos outlines what to look for when selecting a Qualified Intermediary — whether it’s for yourself or for a client.

As IRC Section 1031 like-kind exchanges continue to provide property owners with the ability to defer taxes and save for retirement, publications frequently seek out members of JTC’s 1031 exchange team to provide their expert advice on how to ensure a successful exchange.

JTC National Sales Manager and 1031 Specialist Justin Amos was recently featured by the Mid Atlantic Real Estate Journal, which covers the commercial real estate industry in New Jersey, Pennsylvania, Delaware, Maryland, Virginia, and Washington D.C., and boasts more than 25,000 readers.

In his article, “Key tips for choosing a trusted 1031 Exchange Intermediary,” Amos explains why property owners shouldn’t treat their choice of Qualified Intermediary (QI), which holds sales proceeds during the exchange so the exchanger doesn’t take receipt of funds, as an afterthought.

“Selecting the right QI is just as important as having one,” says Amos in the article. He goes on to outline what to look for, including best practices for fund security, transparency through online access, and submitting to third-party audits of business practices and technologies.

Being featured by such a well-known publication demonstrates that the industry is aware of the benefits of 1031 and wants to hear from the experts about how they and their clients can build wealth through the 1031 exchange process. Congratulations to Justin for representing JTC in a prestigious forum.