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To complete a 1031 exchange in Beverly, KS, 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 Beverly, KS 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 Beverly, KS. We understand that navigating a 1031 exchange…
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Founded in 1871, Beverly, KS, has a rich history and has evolved over time. Initially established as a railroad town, it has grown into a thriving city that still retains its small-town charm. The city boasts a population of approximately 1,200 residents, creating a close-knit community where neighbors know each other and local businesses flourish. With its friendly atmosphere and sense of community, Beverly is a wonderful place to call home.
The real estate market in Beverly, KS, offers a mix of historic homes and modern properties, catering to a range of preferences. The average home price in Beverly is around $150,000, making it an affordable option for many homebuyers. The market is steady, with a variety of housing options available, from cozy bungalows to larger family homes. Both buyers and sellers alike find opportunities in Beverly's real estate market, creating a dynamic environment for those looking to invest in property.
As Beverly continues to grow and attract new residents, the real estate market is expected to see further development. The city's convenient location, just a short drive from larger metropolitan areas, makes it an appealing choice for those seeking a quieter lifestyle without sacrificing urban amenities. With its rich history, tight-knit community, and diverse real estate offerings, Beverly, KS, presents a unique opportunity for those looking to settle down in a welcoming and vibrant city.
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.
