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To complete a 1031 exchange in Chillicothe, 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.
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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 Chillicothe, 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…
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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 Chillicothe, IL. We understand that navigating a 1031 exchange…
Learn More
Chillicothe, IL, became an incorporated city in 1852. It has a rich history dating back to the early 19th century when it was established as a trading post on the Illinois River. Over the years, it has grown into a vibrant community known for its scenic beauty and small-town charm.
The population of Chillicothe, IL, is approximately 6,400 residents. With a lower cost of living compared to nearby metropolitan areas, many families are choosing to settle in Chillicothe for its safe neighborhoods, quality schools, and strong sense of community. The city offers a variety of outdoor recreational activities, making it an attractive place to live for nature lovers.
In recent years, the real estate market in Chillicothe has been stable, with a mix of historic homes, new construction, and spacious properties available. Home prices are affordable, making it an ideal location for first-time homebuyers and those looking to upgrade to a larger home. The city's proximity to major highways and larger cities like Peoria provides residents with easy access to amenities while enjoying the tranquility of small-town living.
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.
