MEGA 1031 expands into western Arizona

Denver - Malbur Exchange Group and Associates (MEGA 1031), a leading Qualified Intermediary for tax-deferred real estate exchanges, has announced its business expansion into western Arizona with the addition of Dean “D.R.” Rosnagle of Realty Executives as an Exchange Specialist.

“I am proud to welcome Dean to the MEGA 1031 team,” said M. Burke McHugh, President of MEGA 1031. “With Dean’s comprehensive real estate background and knowledge of western Arizona’s business, MEGA 1031 will be able to assist investors in Lake Havasu, Parker, Bullhead City and surrounding communities. Together, MEGA 1031 and Dean will give clients access to a full-service exchange company that can handle all their needs and provide expert advice to facilitate their real estate closings.”

MEGA 1031 is a Qualified Intermediary (QI) that provides 1031 exchange services throughout the United States, western Canada and France. The company is expert in a multitude of 1031 transactions including forward, personal, construction and reverse exchanges.  Additionally, MEGA 1031 has moved to the head of the QI industry by guaranteeing all clients a full return on their escrow interest at closing.

According to McHugh, a majority of QIs make extra income by pooling their clients’ escrow monies into large company accounts earning higher interest rates.  “This “co-mingling” approach exposes clients to substantially more financial risk as such accounts are legally considered an asset of the QI,” said McHugh. “If the QI goes bankrupt or gets sued, clients can lose all their escrow money.”

This common industry of co-mingling accounts is now under review by the Internal Revenue Service and US Treasury Department, noted McHugh.

Because MEGA 1031 believes clients’ money belongs only to them, all interest earned is forwarded to each client at the close of their exchange.  The company holds clients’ escrow money in secure segregated accounts, separate and safe from the monies of one another.  

“Our clients always know the financial risk associated with how their money is invested”, said McHugh. To further ensure peace of mind, MEGA 1031 is fully bonded and insured.

By working with MEGA 1031, McHugh points out investors have access to a team of highly trained professionals dedicated to giving each client personal attention at every level. The company’s goal is take time to understand each client’s needs in order to provide sound guidance on every step of the transaction.