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To complete a 1031 exchange in Forest Hills, 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 Forest Hills, 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 Forest Hills, NY. We understand that navigating a 1031 exchange…
Learn More
Forest Hills, NY, a charming neighborhood in Queens, became a designated city in 1906. Initially envisioned as a planned residential community, it has evolved into a thriving urban area with a unique mix of historic architecture and modern amenities. The city's rich history, characterized by the iconic Forest Hills Stadium and lush green spaces like Forest Park, continues to attract both residents and visitors.
With a diverse population of approximately 86,000 residents, Forest Hills offers a vibrant cultural scene and a strong sense of community. The city boasts a well-connected public transportation system, top-rated schools, and a variety of dining and shopping options. Its proximity to Manhattan makes it a desirable location for those seeking a peaceful retreat without sacrificing the convenience of city living.
The real estate market in Forest Hills is dynamic and competitive, with a mix of single-family homes, condominiums, and co-ops catering to different preferences and budgets. The city's housing market is known for its tree-lined streets, historic brownstones, and contemporary high-rises. Whether you're looking for a cozy apartment or a spacious family home, Forest Hills offers a range of options for prospective buyers and renters alike.
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.
