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To complete a 1031 exchange in Ennis, TX, 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 Ennis, TX 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 Ennis, TX. We understand that navigating a 1031 exchange…
Learn More
Ennis, TX was established in 1872 and officially became a city on December 19 of that year. This beautiful city in Ellis County, Texas, has a rich history that dates back to its foundation. Ennis was named after a railroad official and has since grown into a vibrant community known for its charming downtown area, historical landmarks, and welcoming atmosphere.
The population of Ennis has steadily grown over the years, making it a thriving community in the Lone Star State. As of the latest census data, Ennis is home to over 20,000 residents, a number that continues to increase as more people discover the city's unique charm and opportunities. The diverse population of Ennis contributes to its dynamic culture and strong sense of community.
When it comes to the real estate market in Ennis, TX, the city offers a range of options for homebuyers. From historic homes with character to modern developments with all the amenities, Ennis has something to suit every taste and budget. The real estate market in Ennis is competitive, with a mix of single-family homes, apartments, and rural properties available for prospective buyers looking to call this city their 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.
