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To complete a 1031 exchange in Lycoming, NY, 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 Lycoming, NY 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 Lycoming, NY. We understand that navigating a 1031 exchange…
Learn More
Lycoming, NY, officially became a city in 1840. Named after the Lycoming Creek, the city has a rich history dating back to the early days of American settlement. With its strategic location, Lycoming has grown to become a vibrant community that offers both historical charm and modern amenities.
As of the latest census data, Lycoming has a population of approximately 45,000 residents. The city's diverse population contributes to its unique character, creating a welcoming and inclusive environment for both residents and visitors. From bustling urban neighborhoods to peaceful suburban areas, Lycoming offers a range of living options to suit different lifestyles.
In recent years, the real estate market in Lycoming has shown steady growth. With a strong economy and a thriving job market, the demand for housing in the city has increased, leading to a rise in property values. Whether you are looking for a cozy apartment in the downtown area or a spacious family home in the outskirts, Lycoming offers a variety of real estate opportunities to meet different preferences and budgets.
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.
