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To complete a 1031 exchange in Fort Drum, 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 Fort Drum, 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 Fort Drum, NY. We understand that navigating a 1031 exchange…
Learn More
Fort Drum, located in Jefferson County, New York, is a unique city known for its significant military presence. Initially established in 1908 as a military training site, Fort Drum officially became a census-designated place in the census of 2000. Since then, it has grown to become an integral part of the regional landscape, attracting a diverse population and offering a blend of military tradition and community engagement.
With a population of approximately 13,000 residents, Fort Drum is a dynamic city that thrives on a strong sense of community and patriotism. The city boasts a rich cultural tapestry, with a mix of military personnel, veterans, and civilians contributing to its vibrant social fabric. The local economy is largely influenced by the military base, offering various employment opportunities and fostering a supportive environment for families and individuals alike.
Real estate in Fort Drum reflects a bustling market shaped by the city's unique demographic profile. The housing market offers a variety of options, from single-family homes to apartments, catering to the diverse needs of residents. The city's proximity to outdoor recreational areas and urban conveniences also contributes to its appeal, making Fort Drum an attractive destination for those seeking a harmonious blend of military heritage and modern living.
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.
