Spectrus – Investment Real Estate Glossary – Q
|
- Qualified intermediary
-
A person or entity that can legally hold funds to facilitate a 1031 exchange. To be qualified,
the intermediary must not be a relative or an agent of the exchanging party. As an exception, a
real estate agent may serve as an intermediary if the current transaction is the only instance in
which the agent has represented the exchanging party over the past two years.
- Qualifying ratio
- The maximum percentage of a borrower's income a lender or agency will allow prospective debt payments to be and still approve the loan.
Please visit the Spectrus FAQ page for more answers to your investment real estate and 1031 exchange questions.
|
|