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To complete a 1031 exchange in Bartlett, IL, 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 Bartlett, IL 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 Bartlett, IL. We understand that navigating a 1031 exchange…
Learn More
Founded in 1891, Bartlett officially became a city in 1892, making it one of the oldest municipalities in Illinois. Initially an agricultural community, Bartlett has grown steadily over the years into a vibrant city that offers a combination of small-town charm and modern amenities.
With a population of over 41,000 residents, Bartlett is a diverse community that attracts families, young professionals, and retirees alike. The city's strong emphasis on education is reflected in its top-rated schools, making it a desirable place to raise children. In addition, Bartlett's numerous parks, community events, and recreational facilities provide ample opportunities for residents to stay active and engaged.
The real estate market in Bartlett is dynamic and diverse, offering a range of housing options to cater to different preferences and budgets. Whether you are looking for a spacious single-family home in a quiet neighborhood, a modern condo in a bustling area, or a charming townhouse close to downtown, Bartlett has something for everyone. The city's prime location, excellent schools, and strong sense of community make it a sought-after destination for those looking to buy or rent in the Chicagoland area.
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.
