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To complete a 1031 exchange in Alexandria Bay, NY, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and support you need to ensure a successful exchange.
To participate in a 1031 exchange, you must first sell your existing property, which is known as the “relinquished property.” All deadlines for the exchange process are based on the closing date of the relinquished property, not the contract date.
Once you’ve sold your relinquished property, the next step in a 1031 exchange is to identify potential replacement properties to buy. This is a crucial step in the exchange process, and it must be completed within 45 days of the sale of the relinquished property.
The final step is to purchase the replacement property within 180 days of selling the relinquished property. This six-month window allows you to find and close on a suitable replacement that meets your investment goals and the exchange requirements.
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process. We understand that navigating a 1031 exchange in Alexandria Bay, NY can be complex and time-consuming, but with our expertise and experience, we can guide you every step of the way.
Our team of qualified intermediaries has helped countless investors across the country successfully complete their 1031 exchanges, unlocking new opportunities for growth and financial freedom. We offer personalized guidance and support throughout the entire process, from identifying potential replacement properties to closing the deal.
At 1031 Nationwide, we understand that completing a 1031 exchange can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…
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At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges. We understand that navigating the complexities…
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Alexandria Bay, NY. We understand that navigating a 1031 exchange…
Learn More
Alexandria Bay, located in New York, officially became a village in the year 1872. It was later incorporated as a city in 1926, making it one of the major urban areas in the Thousand Islands region. Known for its scenic beauty and historical significance, the city has a rich and vibrant legacy that continues to attract residents and visitors alike.
The population of Alexandria Bay stands at approximately 1,000 residents, according to the latest census data. Despite its small size, the city offers a close-knit community feel with a range of amenities and recreational opportunities. From local events such as the popular Pirates Days festival to stunning views of the St. Lawrence River, Alexandria Bay offers a unique blend of charm and modern convenience.
In terms of the real estate market, Alexandria Bay is characterized by a mix of residential properties, vacation homes, and waterfront estates. The city's real estate market has seen steady growth over the years, with a variety of housing options available to cater to different preferences and budgets. Whether you're looking for a cozy cottage by the river or a luxurious waterfront property, Alexandria Bay offers a diverse range of real estate opportunities for homeowners and investors.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.
