Chicago Ridge, IL 1031 Exchange eBook

The Basic Principles Of A 1031 Exchange

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Simple Steps to Guide You with Your 1031 Exchange in Chicago Ridge, IL

Choosing A Qualified Intermediary

To complete a 1031 exchange in Chicago Ridge, 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.

Dispose Of Current Property

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.

Determine New Property For Exchange

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.

Finalize Purchase Of Replacement 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.

1031 Exchange News in Chicago Ridge, IL

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1031 Exchanges in Chicago Ridge, IL

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 Chicago Ridge, 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.

Qualified Intermediary Chicago Ridge, IL
Why Choose Us

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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Dispose of Current Property in Chicago Ridge, IL
How It Works

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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New Property for Exchange in Chicago Ridge, IL
About Us

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 Chicago Ridge, IL. We understand that navigating a 1031 exchange…

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 Chicago Ridge, IL 1031 Exchange Replacement Property

Welcome to Chicago Ridge, IL

Chicago Ridge, IL, officially incorporated as a city in 1914, has a rich history that dates back to the late 19th century. Originally a farming community, it has transformed into a vibrant city known for its diverse culture and strong community values.

As of the latest census data, Chicago Ridge has a population of approximately 14,305 residents. The city offers a mix of urban and suburban lifestyles, making it an attractive destination for families and professionals looking for a well-rounded community with access to amenities and services.

The real estate market in Chicago Ridge provides a variety of housing options, including single-family homes, townhouses, and apartments. The median home value in Chicago Ridge is around $165,000, making it more affordable compared to neighboring areas. With a blend of residential neighborhoods and commercial developments, Chicago Ridge presents a unique real estate landscape for both buyers and investors.

Some of the Companies that have Referred Us Business

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.

Chicago Ridge, IL TDRealty 1031 Exchange Partner
Chicago Ridge, IL Century 21 1031 Exchange
1031 Exchanges for Coldwell Banker Chicago Ridge, IL
Better Homes 1031 Chicago Ridge, IL
ERA Chicago Ridge, IL 1031 Exchanges
Assist2Sell 1031 Chicago Ridge, ILAssociate