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To complete a 1031 exchange in Lawrence, KS, 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 Lawrence, KS 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 Lawrence, KS. We understand that navigating a 1031 exchange…
Learn More
Lawrence, Kansas, was founded in 1854 and officially became a city in 1857. It was named after Amos Lawrence, a prominent politician and philanthropist. The city played a significant role in the abolitionist movement and the Civil War, being the site of various historical events and famous for its rich history.
As of the latest census data, Lawrence has a population of approximately 98,193 residents. The city is known for its vibrant arts and culture scene, reputable educational institutions like the University of Kansas, and a diverse community that values inclusivity and history. Lawrence offers a unique blend of urban amenities and small-town charm.
The real estate market in Lawrence, KS, is dynamic and competitive. With a mix of historic homes, modern developments, and a strong rental market driven by students, there are various options for residents. The average home price in Lawrence is around $245,000, showcasing steady growth and demand in the local housing sector.
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.
