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To complete a 1031 exchange in Cambridge, MD, 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 Cambridge, MD 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 Cambridge, MD. We understand that navigating a 1031 exchange…
Learn More
Cambridge, Maryland, originally known as New Market, was officially incorporated as a city in 1793. The city's rich history dates back to its beginnings as a trading post back in the 1600s. With its location along the Choptank River and close proximity to the Chesapeake Bay, Cambridge has long been a hub for trade and commerce in the region.
As of the latest census data, Cambridge has a population of around 12,500 residents. This mid-sized city offers a mix of urban amenities and a small-town feel, attracting both locals and visitors alike. Residents enjoy a close-knit community, numerous parks, and various cultural events throughout the year.
In terms of the real estate market, Cambridge offers a diverse range of housing options, from historic waterfront homes to modern downtown apartments. The city's real estate scene has experienced steady growth in recent years, with a mix of both buyers and renters drawn to the area's affordable prices and picturesque surroundings. Whether you're looking for a charming historic property or a contemporary waterfront residence, Cambridge has something for everyone.
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.
