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To complete a 1031 exchange in Lorton, VA, 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 Lorton, VA 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 Lorton, VA. We understand that navigating a 1031 exchange…
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Lorton is a historic and charming city located in Fairfax County, Virginia. It officially became a town in 1875, serving as a hub for trade and commerce in the region. Over the years, Lorton has evolved into a residential community with a unique blend of modern amenities and old-world charm.
As of the latest census data, Lorton has a population of approximately 19,000 residents. The city boasts a diverse community with a rich cultural heritage, making it a vibrant place to live and work. With its proximity to Washington D.C., Lorton offers a peaceful suburban lifestyle while being close to the bustling capital city.
The real estate market in Lorton is thriving, offering a range of housing options from cozy townhouses to spacious single-family homes. The city's real estate market has been witnessing steady growth in recent years, attracting buyers and investors looking for properties in a tranquil yet convenient location. Whether you are looking to buy, rent, or invest, Lorton provides a variety of opportunities in a picturesque setting.
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.
