The Basic Principles of a 1031 Exchange Get your free e-book.

Simple Steps to Guide You with

Your 1031 Exchange in Lisman, AL

Choosing a Qualified Intermediary in Lisman, AL

To complete a 1031 exchange in Lisman, AL, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and upport you need to ensure a successful exchange.

Dispose of Current Property in Lisman, AL

To participate in a 1031 exchange in Lisman, AL, 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. That’s why it’s important to work with a trusted company like 1031 Nationwide to ensure that everything is done correctly and on time.

Determine New Property for Exchange in Lisman, AL

Once you’ve sold your relinquished property, the next step in a 1031 exchange in Lisman, AL 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.

Finalize purchase of replacement property in Lisman, AL

The final step. It’s important to note that the purchase of the replacement property must be completed within 180 days of the sale of the relinquished property. This gives you a six-month window to find and close on a suitable replacement property that meets your investment goals and is consistent with the requirements of the exchange.

More About

1031 Exchanges

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 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.

Why Use Us

At 1031 Nationwide, we understand that completing a 1031 exchange in Lisman, AL can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…

Learn More

How It Works

At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges in Lisman, AL. We understand that navigating the complexities…

Learn More

About Us

At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange in Lisman, AL process. We understand that navigating a 1031 exchange…

Learn More

About Lisman, AL

Lisman, AL officially became a city in 1899. It is located in Choctaw County in southwestern Alabama and has a rich history dating back to its founding. The city was established as a hub for local agriculture and has evolved over the years, becoming a close-knit community with a strong sense of heritage.

As of the latest census data, Lisman has a population of approximately 539 residents. The city's population has remained relatively stable over the years, contributing to its small-town charm and community-oriented atmosphere. Residents of Lisman enjoy a peaceful and serene environment, surrounded by the natural beauty of the Alabama countryside.

In terms of the real estate market, Lisman offers a mix of housing options ranging from single-family homes to large rural properties. The city's real estate market is known for its affordability and the opportunity to own spacious properties with generous lot sizes. Lisman's real estate market caters to those seeking a tranquil lifestyle away from the hustle and bustle of urban areas.

Some of the Companies that have Referred Us Business

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.