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To complete a 1031 exchange in Lexington, TN, 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 Lexington, TN 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 Lexington, TN. We understand that navigating a 1031 exchange…
Learn More
Lexington, TN, founded in 1822, has a rich history that dates back to its establishment as a city. Initially named Searcy, the city was later renamed to Lexington in honor of the 1775 Battle of Lexington in Massachusetts. Since then, it has grown to become a vibrant city that combines its historical roots with modern amenities.
The current population of Lexington stands at approximately 7,800 residents. This small yet close-knit community thrives on its southern charm, friendly atmosphere, and strong sense of community. The residents of Lexington take great pride in their city, fostering a welcoming environment that makes it a great place to live and visit.
Real estate in Lexington offers a unique mix of historic homes, modern developments, and vast rural properties. The city's real estate market caters to various preferences, from charming downtown residences to spacious country estates. Whether you're looking for a cozy home in the heart of the city or a peaceful retreat in the countryside, Lexington's real estate options are diverse and appealing.
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.
