To complete a 1031 exchange in Kewanee, IL, 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 Kewanee, IL 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 Kewanee, IL. We understand that navigating a 1031 exchange…
Learn MoreKewanee, Illinois, founded in 1854, officially became a city on May 1st, 1897. Located in Henry County, this charming city boasts a rich history intertwined with the growth of the agricultural industry in the Midwest. With its roots in farming and manufacturing, Kewanee has evolved into a diverse community known for its welcoming atmosphere and strong sense of community.
The population of Kewanee stands at approximately 12,000 residents, making it a close-knit city with a friendly vibe. The residents of Kewanee take pride in their heritage and are actively involved in local events and initiatives that contribute to the city's vibrant culture. From family-friendly festivals to community fundraisers, Kewanee offers a range of activities for residents and visitors alike.
For those interested in the real estate market in Kewanee, IL, the city offers a mix of housing options suitable for various preferences and budgets. From historic homes with character and charm to modern properties with all the amenities, Kewanee's real estate market caters to a diverse range of potential buyers. Whether you're looking for a cozy family home or a spacious property with a backyard, Kewanee has something to offer for everyone.
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.