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To complete a 1031 exchange in Leakey, TX, 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 Leakey, TX 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 Leakey, TX. We understand that navigating a 1031 exchange…
Learn More
Nestled in the heart of the Texas Hill Country, Leakey officially became a city in 1924, named after John H. Leakey, a pioneer in the area. Known for its stunning landscapes and natural beauty, Leakey attracts visitors with its rich history and outdoor recreational activities, such as hiking, camping, and tubing along the Frio River.
Despite its small size, Leakey has a population of around 400 residents. This close-knit community enjoys a slow-paced lifestyle and a strong sense of community spirit. With friendly locals and a welcoming atmosphere, Leakey offers a peaceful retreat from the hustle and bustle of city life, making it an ideal place to call home for those seeking a tranquil environment.
In terms of real estate, Leakey boasts a mix of charming historic homes, spacious ranch properties, and cozy cabins surrounded by picturesque views. The real estate market in Leakey is known for its affordability compared to other parts of Texas, making it an attractive option for homebuyers looking for a slice of country living without breaking the bank.
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.
