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To complete a 1031 exchange in Bohannon, VA, 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 Bohannon, VA 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 Bohannon, VA. We understand that navigating a 1031 exchange…
Learn More
Bohannon, VA, located in Mathews County, became a city in 1886. Its rich history is evident in its well-preserved buildings and quaint charm. Home to approximately 500 residents, Bohannon offers a tight-knit community feel with a welcoming atmosphere. The city's history is intertwined with maritime activities due to its proximity to the waterways, making it a unique and historically significant place to reside.
The population in Bohannon has been relatively stable over the years, maintaining a close-knit community vibe. With approximately 200 households, Bohannon epitomizes small-town living with access to the natural beauty surrounding the area. Residents enjoy a peaceful and serene environment, where neighbors often know each other by name and foster strong connections through community events and gatherings.
The real estate market in Bohannon, VA, offers a blend of historic homes and modern properties. The picturesque landscapes and waterside locations make property in Bohannon highly sought after. Prices can vary depending on the size, age, and location of the property. Whether you're looking for a historic residence or a contemporary retreat, Bohannon's real estate market caters to a diverse range of preferences, making it an appealing destination for those seeking a tranquil lifestyle.
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.
