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Your 1031 Exchange in Foley, AL

Choosing a Qualified Intermediary in Foley, AL

To complete a 1031 exchange in Foley, AL, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and upport you need to ensure a successful exchange.

Dispose of Current Property in Foley, AL

To participate in a 1031 exchange in Foley, AL, 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. That’s why it’s important to work with a trusted company like 1031 Nationwide to ensure that everything is done correctly and on time.

Determine New Property for Exchange in Foley, AL

Once you’ve sold your relinquished property, the next step in a 1031 exchange in Foley, AL 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.

Finalize purchase of replacement property in Foley, AL

The final step. It’s important to note that the purchase of the replacement property must be completed within 180 days of the sale of the relinquished property. This gives you a six-month window to find and close on a suitable replacement property that meets your investment goals and is consistent with the requirements of the exchange.

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1031 Exchanges

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 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.

Why Use Us

At 1031 Nationwide, we understand that completing a 1031 exchange in Foley, AL 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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How It Works

At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges in Foley, AL. We understand that navigating the complexities…

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About Us

At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange in Foley, AL process. We understand that navigating a 1031 exchange…

Learn More

Welcome to Foley, AL

Foley, Alabama was officially incorporated as a city in 1915. Its history dates back much further, with the area originally settled by Swedish immigrants in the 1870s. Over the years, Foley has grown into a vibrant community known for its Southern hospitality, beautiful parks, and rich cultural heritage.

With a population of approximately 19,000 residents, Foley offers a perfect blend of small-town charm and modern amenities. The city is a popular destination for families, retirees, and visitors looking to experience the Gulf Coast lifestyle. Foley's warm climate, proximity to beaches, and diverse recreational activities make it an ideal place to live, work, and play.

The real estate market in Foley, AL reflects the city's appeal and growth. Whether you're in the market for a cozy single-family home, a spacious condo with ocean views, or a commercial property for investment, Foley offers a variety of options to suit different preferences and budgets. The city's real estate market is dynamic, with a mix of new developments and historic properties waiting to be discovered.

Some of the Companies that have Referred Us Business

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.