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To complete a 1031 exchange in Maspeth, 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 Maspeth, 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 Maspeth, NY. We understand that navigating a 1031 exchange…
Learn More
Maspeth, located in Queens, New York City, began its journey as a village in 1642, making it one of the oldest areas in the region. Over the years, it has transformed into a vibrant community blending history with modern development. With its rich heritage and strategic location, Maspeth has become an attractive place for both residents and visitors.
The population of Maspeth has steadily grown, standing at approximately 30,000 residents. Known for its diverse population, Maspeth offers a mix of cultures and a strong sense of community. Residents enjoy a range of amenities, including parks, schools, and a variety of dining options. The neighborhood's close-knit feel adds to its charm, making it a sought-after area for families and individuals alike.
In terms of the real estate market, Maspeth offers a mix of housing options, from historic homes to modern condominiums. The median home value in Maspeth is around $700,000, with prices varying based on location and property size. The area attracts buyers looking for a combination of suburban tranquility and urban convenience, given its proximity to Manhattan and other boroughs. Real estate in Maspeth continues to be in demand, reflecting the area's desirability and potential for growth.
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.
