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To complete a 1031 exchange in Long Island, 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 Long Island, 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 Long Island, KS. We understand that navigating a 1031 exchange…
Learn More
Long Island, Kansas, was established as a city in 1884. Nestled in the heart of the state, this picturesque town dates back over a century, blending history with modern charm. With roots firmly planted in the agricultural heartland, Long Island offers a glimpse into the rich heritage of the region.
As of the latest census data in 2020, the population of Long Island stands at approximately 580 residents. Despite its small size, the community boasts a tight-knit feel and a welcoming atmosphere. Residents enjoy a peaceful quality of life in this close-knit town, where neighbors know each other by name and community events are a highlight of the year.
The real estate market in Long Island, KS, reflects the town's idyllic setting. Offering a mix of historic homes, spacious lots, and modern residences, the housing options cater to a variety of preferences. The market in Long Island is stable, with a trend towards affordable single-family homes and a growing interest in rural properties for those seeking a tranquil lifestyle away from the hustle and bustle of larger cities.
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.
