Our team of experts will guide you every step of the way, helping you achieve your investment goals, minimize tax liabilities, and simplify the process.
Contact us today to connect with a professional 1031 Exchange Facilitator.
Get Your Free E-Book.
To complete a 1031 exchange in Donovan, 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.
More About
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 Donovan, 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…
Learn More
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…
Learn More
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 Donovan, IL. We understand that navigating a 1031 exchange…
Learn More
Donovan, IL, established in 1874, is a quaint city located in Iroquois County, Illinois. With a rich history spanning over a century, the city has evolved into a charming community known for its small-town atmosphere and friendly residents.
As of the latest census data, Donovan boasts a population of approximately 350 residents. The city's modest size contributes to its close-knit community and peaceful ambiance. The population, though small, is diverse and inclusive, with a range of ages and backgrounds represented among its inhabitants.
In terms of the real estate market, Donovan offers a range of housing options, from historic homes with unique architectural features to modern residences equipped with contemporary amenities. The real estate scene in Donovan is characterized by affordability and a sense of community, making it an attractive destination for individuals and families looking for a tranquil place to call home.
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.
