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To complete a 1031 exchange in Felts Mills, 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 Felts Mills, 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 Felts Mills, NY. We understand that navigating a 1031 exchange…
Learn More
Felts Mills is a hamlet located in Jefferson County, New York, United States. It was first settled around 1812 as a mill town and received its name from the owner, Asa Felt. The mill complex was a significant hub for the community and helped spur its growth.
According to the latest census data, Felts Mills has a population of approximately 350 residents. The city offers a small-town charm and a close-knit community feel. Despite its modest size, Felts Mills is known for its scenic landscapes and historic buildings, attracting visitors and new residents alike.
In terms of the real estate market, Felts Mills offers a mix of historic homes and newer constructions. The average home price in the area is around $150,000. The market is relatively stable with a balanced inventory of available properties, making it an attractive option for those looking for a peaceful and affordable place to live in upstate New York.
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.
