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To complete a 1031 exchange in Lakeville, 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 Lakeville, 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 Lakeville, NY. We understand that navigating a 1031 exchange…
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Lakeville, NY, established as a city in 1863, is a picturesque town nestled in the Finger Lakes region of Upstate New York. Known for its charming small-town feel and natural beauty, Lakeville offers residents a tranquil lifestyle away from the hustle and bustle of big cities.
With a population of approximately 2,500 residents, Lakeville strikes a perfect balance between a close-knit community and access to modern amenities. The city boasts a vibrant cultural scene, excellent schools, and numerous outdoor recreational opportunities, making it an ideal place to raise a family or retire in a peaceful setting.
The real estate market in Lakeville is a mix of historic homes, picturesque cottages, and modern properties. With an average home price of $250,000, Lakeville offers affordable housing options compared to neighboring cities. The real estate market is stable, attracting both first-time homebuyers and investors looking to capitalize on the city's growing popularity.
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.
