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To complete a 1031 exchange in Howard Beach, 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 Howard Beach, 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 Howard Beach, NY. We understand that navigating a 1031 exchange…
Learn More
Located in the borough of Queens in New York City, Howard Beach has a rich history dating back to the early 20th century. Originally developed in the 1890s, it officially became a neighborhood of New York City in 1897. Over the years, the area has evolved into a vibrant community known for its distinct charm and waterfront views.
As of the latest census data, Howard Beach has a population of approximately 26,000 residents. The neighborhood is known for its diverse demographics, with a mix of families, young professionals, and retirees calling it home. The close-knit community atmosphere and variety of amenities make it a popular choice for those seeking a suburban feel within the city.
Howard Beach's real estate market offers a range of housing options, from single-family homes to waterfront properties and modern condominiums. The area has seen steady growth in property values in recent years, making it an attractive investment opportunity for buyers. With its convenient location, excellent schools, and access to parks and recreational facilities, Howard Beach continues to be a sought-after destination for those looking to settle down in New York 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.
