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To complete a 1031 exchange in Lakewood, 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.
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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 Lakewood, 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…
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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 Lakewood, IL. We understand that navigating a 1031 exchange…
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Lakewood, IL, incorporated as a city in 1933, has a rich history dating back to its early settlement days. The city has evolved over the years but still retains its small-town charm and community feel. With a population of approximately 40,000 residents, Lakewood offers a blend of suburban living and access to nature, making it a desirable place to call home.
The real estate market in Lakewood, IL, is vibrant and diverse, catering to a range of preferences and budgets. From historic homes with character to modern developments with amenities, there is something for everyone in this city. The strong community spirit and excellent schools make Lakewood an attractive option for families looking to settle down and enjoy a high quality of life.
Whether you are interested in a cozy single-family home, a spacious apartment, or a luxury estate, Lakewood has a variety of housing options to suit your needs. The city's convenient location, with easy access to major highways and public transportation, further enhances its appeal. Come and explore Lakewood, IL, and discover why so many residents are proud to call this vibrant city home.
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.
