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To complete a 1031 exchange in Dewey, 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 Dewey, 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 Dewey, IL. We understand that navigating a 1031 exchange…
Learn More
Dewey, IL, officially became a city in 1873. Over the years, it has grown into a vibrant community with a rich history and a welcoming atmosphere. The town's founding marked a significant moment in its development, paving the way for the growth that followed.
With a population of approximately 500 residents, Dewey, IL, offers a small-town feel with modern conveniences. The community is tight-knit, providing a sense of belonging and creating a friendly environment for both residents and visitors. Whether you're looking for a peaceful place to settle down or a charming destination to explore, Dewey has something for everyone.
The real estate market in Dewey, IL, boasts a mix of historic homes and modern properties, catering to various preferences and lifestyles. The town's charm and scenic surroundings add value to the local real estate, making it an attractive investment for those seeking a tranquil yet connected living experience. From cozy cottages to spacious family homes, Dewey's real estate market offers diverse options for potential buyers.
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.
