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To complete a 1031 exchange in Highland Lake, 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 Highland Lake, 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 Highland Lake, NY. We understand that navigating a 1031 exchange…
Learn More
Highland Lake, NY, originally settled in the 18th century, is a picturesque city located in Sullivan County, New York. It was officially incorporated in 1862, making it a historic town with a rich heritage. Over the years, Highland Lake has evolved into a charming community that offers a blend of natural beauty and small-town charm.
The population of Highland Lake, NY, as of the latest census, stands at approximately 950 residents. Despite its small size, the city boasts a close-knit community that values its peaceful surroundings and quality of life. Residents of Highland Lake enjoy the tranquility of the lake, which serves as a focal point for recreational activities such as fishing, boating, and swimming.
When it comes to the real estate market in Highland Lake, NY, the city offers a mix of properties ranging from historic homes to modern lakefront estates. The real estate market in Highland Lake is known for its unique character and diverse options, making it an attractive destination for homebuyers seeking a peaceful retreat in a scenic setting. With a range of housing choices, including cozy cottages and luxury residences, there is something for everyone in Highland Lake.
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.
