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To complete a 1031 exchange in Downey, CA, 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 Downey, CA 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 Downey, CA. We understand that navigating a 1031 exchange…
Learn More
Downey, located in Los Angeles County, California, officially became a city on December 17, 1956. Initially known for its agricultural roots, Downey has transformed into a vibrant urban center while still maintaining a strong sense of community and history. The city offers a perfect blend of a suburban lifestyle with easy access to the bustling city of Los Angeles.
With a population of approximately 110,000 residents, Downey is a diverse and growing city that is rich in culture and history. The community takes pride in its well-maintained neighborhoods, excellent schools, and numerous parks and recreational facilities. Its strategic location and diverse population make Downey an attractive place to live for families, young professionals, and retirees.
The real estate market in Downey is dynamic and offers a variety of housing options, ranging from historic homes with character to modern developments. The median home value in Downey is around $600,000, making it an affordable choice compared to neighboring cities in the Los Angeles metropolitan area. The city continues to see steady growth in property values, making it a sound investment for homebuyers looking for a mix of suburban tranquility and urban conveniences.
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.
