To complete a 1031 exchange in Honolulu, HI, 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 Honolulu, HI 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…
Learn MoreAt 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…
Learn MoreAt 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Honolulu, HI. We understand that navigating a 1031 exchange…
Learn MoreLocated on the island of Oahu, Honolulu became the capital of Hawaii in 1845 when Kamehameha III moved the royal seat from Lahaina. It officially became a city on April 30, 1907. Honolulu has a rich history blending Hawaiian, Asian, and Western cultures, making it a unique and vibrant city.
As of the latest data, Honolulu has a population of approximately 350,000 people, making it the most populous city in Hawaii. The metropolitan area, known as the Honolulu County, is home to over 950,000 residents. With its diverse population, Honolulu offers a mix of traditions, languages, and cuisines that reflect its multicultural environment.
The real estate market in Honolulu is known for its high demand and limited supply, resulting in relatively high property prices. The city's iconic Waikiki neighborhood is a hotspot for luxury condos and hotels, while areas like Manoa and Kailua offer a mix of upscale homes and more affordable options. Despite the higher costs, Honolulu's real estate market continues to attract both local residents and investors from around the world seeking a piece of paradise.
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.