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To complete a 1031 exchange in Hico, TX, 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 Hico, TX 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 Hico, TX. We understand that navigating a 1031 exchange…
Learn More
Hico, TX was founded in 1856 and officially became a city in 1881. It is nestled in the beautiful state of Texas and has a rich history that dates back over a century. Originally known for its cattle ranches and agriculture, Hico has evolved into a charming town that attracts visitors with its small-town charm and historic downtown.
The population of Hico, TX stands at around 1,300 residents, making it a tight-knit community where neighbors know each other by name. Despite its small size, Hico offers a vibrant community spirit, excellent schools, and a range of amenities that cater to both residents and visitors alike. Whether you're looking for a peaceful place to retire or a friendly town to raise a family, Hico has something for everyone.
When it comes to the real estate market in Hico, TX, it's a buyer's market with a variety of options available. From historic homes with a touch of southern charm to modern developments offering contemporary living, Hico has a diverse range of properties to suit different tastes and budgets. Whether you're looking for a cozy cottage or a spacious ranch, Hico's real estate market has something to offer every aspiring homeowner.
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.
