Our team of experts will guide you every step of the way, helping you achieve your investment goals, minimize tax liabilities, and simplify the process.
Contact us today to connect with a professional 1031 Exchange Facilitator.
Get Your Free E-Book.
To complete a 1031 exchange in Burnt Prairie, 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.
More About
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 Burnt Prairie, 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…
Learn More
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…
Learn More
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 Burnt Prairie, IL. We understand that navigating a 1031 exchange…
Learn More
Founded in 1905, Burnt Prairie, IL, is a small yet charming city situated in White County. Known for its rich history and community spirit, Burnt Prairie has a population of approximately 250 residents. Despite its modest size, the city boasts a strong sense of community, with various events and activities bringing locals together.
The real estate market in Burnt Prairie offers a mix of historic homes and modern properties, creating a diverse selection for buyers. The average home price in Burnt Prairie is around $70,000, making it an affordable option for those looking to settle in a peaceful and close-knit community. With its tree-lined streets and scenic views, Burnt Prairie provides a tranquil environment for residents to call home.
For those seeking a serene lifestyle away from the hustle and bustle of larger cities, Burnt Prairie presents a unique opportunity. Surrounded by picturesque landscapes and offering a tight-knit community feel, this city is a hidden gem in Illinois. Whether you are looking for a historical home or a modern retreat, Burnt Prairie has something to offer for everyone looking to embrace a peaceful and charming way of life.
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.
