Our team of experts will guide you every step of the way, helping you achieve your investment goals, minimize tax liabilities, and simplify the process.
Contact us today to connect with a professional 1031 Exchange Facilitator.
Get Your Free E-Book.
To complete a 1031 exchange in Islip Terrace, 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.
More About
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 Islip Terrace, 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…
Learn More
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…
Learn More
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 Islip Terrace, NY. We understand that navigating a 1031 exchange…
Learn More
Islip Terrace is a hamlet in the town of Islip, located in Suffolk County, New York. It became a recognized community in the late 19th century and officially established as a hamlet in the early 20th century. The area offers a suburban feel while being close to various amenities, making it an attractive place to reside for many.
According to the latest U.S. Census data, Islip Terrace has a population of around 5,389 residents. The community is known for its diverse demographics and strong sense of community. Schools, parks, and convenient shopping centers contribute to the area's appeal for families and individuals looking for a peaceful yet connected lifestyle.
In terms of real estate, Islip Terrace's property market offers a mix of single-family homes, townhouses, and apartments. The median home value in Islip Terrace is $377,512, making it a relatively affordable option compared to neighboring areas on Long Island. The housing market provides opportunities for first-time buyers as well as those seeking to upgrade to a more spacious dwelling.
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.
