possible that the properties you buy could have significant issues, and you want to make sure you’re covered as best as you can be. A public adjuster can also show you how to maximize your claims by preparing documentation and videos of your property ahead of any potential damage. They fight to get you all that you are entitled to get. You’ll also need a title agent or real estate (closing) attorney , which will depend on which state you live in, so be sure to do your research. Either way, the professional with whom you work needs to understand your business. If you’re a wholesaler, they must be knowledgeable about the different types of closings and financing and fully understand how each of your transactions is structured. This way, they’ll be able to guide and support you throughout the entire process. They’ll keep your best interests in mind, make sure the title’s clear (including from liens and judgments), and help with any issues that come up during closing. Even if your state doesn’t require you to use an attorney, I highly recommend adding one to your team anyway. They can review brokerage agreements, discuss tax consequences of a sale, explore and explain issues not contained in a standard contract (such as if your property contains hazardous waste), and explain closing costs and help determine if all are fair. You need a knowledgeable Intermediary to help you with your 1031. Call me for the name of a good attorney that works in your area. Delaware Statutory Trusts (DSTs) are a securitized unitized real estate investment available to accredited investors only via private placement that own a property or properties that can be used in a 1031 exchange. Use a Registered Investment Advisor
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