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To complete a 1031 exchange in Belmont, MA, 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 Belmont, MA 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 Belmont, MA. We understand that navigating a 1031 exchange…
Learn More
Belmont is a beautiful city located in Middlesex County, Massachusetts, United States. It officially became a city on March 18, 1859. Initially known as Bellmont, it was named after the estate of a local merchant. Over the years, Belmont has developed into a vibrant community known for its excellent schools, historic architecture, and diverse neighborhoods.
As of the latest census data, Belmont has a population of approximately 26,000 residents. The city has a strong sense of community and offers a high quality of life for its residents. Belmont is well-known for its lush green spaces, recreational facilities, and access to amenities that cater to a range of interests, making it a desirable place to live for families and professionals alike.
The real estate market in Belmont is competitive due to its desirable location, excellent schools, and proximity to Boston. The housing options in Belmont include a mix of historic homes, modern developments, and charming neighborhoods. The city boasts a stable real estate market with property values generally on the rise, making it a popular choice for those looking to invest in a home in a thriving community.
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.
