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To complete a 1031 exchange in Kenna, NM, 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 Kenna, NM 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 Kenna, NM. We understand that navigating a 1031 exchange…
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Founded in 1900, Kenna was officially incorporated as a city in 1964, making it one of the oldest settlements in eastern New Mexico. Originally established as a railway town, Kenna has evolved into a tight-knit community that values its historical roots and small-town charm. With a population of just over 200 residents, Kenna offers a peaceful and tranquil environment for those seeking a break from the hustle and bustle of big city life.
Despite its small size, Kenna's real estate market has seen steady growth in recent years. The town's charming historic homes, scenic views of the surrounding countryside, and affordable housing options have attracted newcomers looking to escape the pressures of urban living. With a median home value well below the national average, Kenna presents an attractive opportunity for first-time homebuyers and those looking to invest in a community with room for growth and development.
Living in Kenna offers residents a unique blend of small-town living and modern amenities. The town boasts a strong sense of community, with local events and festivals that bring neighbors together. Additionally, its proximity to larger cities like Clovis and Lubbock provides residents with access to a range of shopping, dining, and entertainment options, making Kenna an ideal choice for those seeking a balanced lifestyle in the heart of eastern New Mexico.
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.
