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To complete a 1031 exchange in Cold Spring, NY, 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 Cold Spring, NY 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 Cold Spring, NY. We understand that navigating a 1031 exchange…
Learn More
Cold Spring, NY, founded in 1846, is a picturesque village located in Putnam County. Initially known as the Corporation of Cold Spring, it formally became a city on that date. This historic city is renowned for its stunning architecture, serene Hudson River waterfront, and vibrant arts community.
As of the latest census in 2020, Cold Spring has a population of approximately 2,000 residents. Despite its small size, the city attracts visitors and new residents due to its charming Main Street lined with boutique shops, delicious restaurants, and numerous historic landmarks. The population of Cold Spring reflects a mix of longtime locals, weekenders from New York City, and artists seeking inspiration from the its natural beauty.
Cold Spring, NY, has seen a rise in interest in its real estate market in recent years. The city offers a mix of historic homes, cozy cottages, and contemporary properties, all nestled among the stunning landscapes of the Hudson Valley. Real estate prices have appreciated steadily, making Cold Spring an attractive destination for those seeking a peaceful, close-knit community with easy access to outdoor activities and cultural events along the Hudson River.
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.
