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To complete a 1031 exchange in Frankfort, KY, 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 Frankfort, KY 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 Frankfort, KY. We understand that navigating a 1031 exchange…
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Frankfort, the capital city of Kentucky, was officially established in 1786. It was named after an early settler, Stephen Frank, and became the county seat of Franklin County in 1795. As one of the oldest cities in the state, it boasts a rich history and vibrant culture that showcases a blend of old and new.
With a population of approximately 27,421 residents, Frankfort offers a close-knit community atmosphere with a variety of recreational opportunities. The city's strategic location on the Kentucky River provides stunning natural scenery and outdoor activities such as boating, fishing, and hiking, making it an attractive place to live for nature enthusiasts and families alike.
In terms of the real estate market, Frankfort presents a diverse range of housing options, from historic homes in the downtown area to modern developments in suburban neighborhoods. The median home value in Frankfort is $155,909, with a mix of single-family houses, townhomes, and apartments available for residents. The city's real estate market reflects its charm and appeal, offering prospective buyers a chance to own a piece of Kentucky's capital city.
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.
