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To complete a 1031 exchange in Midland, TX, 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 Midland, TX 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 Midland, TX. We understand that navigating a 1031 exchange…
Learn More
Midland, TX was officially established as a city in 1884, following the arrival of the Texas and Pacific Railway. This pivotal moment marked the beginning of the city's growth and development into what it is today.
As of the latest census estimate in 2020, Midland has a population of approximately 146,038 residents. The city's population has seen steady growth over the years, thanks to its vibrant economy driven by the oil and gas industry, attracting both businesses and individuals looking for opportunities.
In recent years, Midland's real estate market has been flourishing, buoyed by the region's economic prosperity. The city offers a diverse range of housing options, from modern downtown apartments to spacious suburban homes, catering to a wide demographic. The real estate market in Midland continues to be dynamic, making it an intriguing destination for both buyers and investors.
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.
