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To complete a 1031 exchange in Bedford Park, 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 Bedford Park, 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 Bedford Park, IL. We understand that navigating a 1031 exchange…
Learn More
Established in 1940, Bedford Park, IL, is a vibrant city located in Cook County. Originally founded as a village in 1940, it was later incorporated as a city in 1974. Surrounded by major transportation routes, Bedford Park boasts a rich industrial history due to its strategic location near numerous major highways and railroads.
With a population of approximately 6000 residents, Bedford Park offers a close-knit community feel while being conveniently situated near the bustling city of Chicago. The diversity of its population adds to the unique charm of the area, making it an appealing choice for families, professionals, and retirees alike.
When it comes to the real estate market, Bedford Park presents a mix of residential and commercial properties. From cozy single-family homes to modern apartment complexes, there is a variety of housing options to cater to different preferences. The real estate market in Bedford Park is stable, with properties generally holding their value well, making it an attractive location for homebuyers 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.
