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To complete a 1031 exchange in Monticello, IL, 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 Monticello, IL 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 Monticello, IL. We understand that navigating a 1031 exchange…
Learn More
Founded in 1837, Monticello officially became a city in 1869. This charming town, located in Piatt County, Illinois, offers a rich history dating back to its early days as a thriving railroad community. Monticello's historical significance and small-town charm make it a beloved destination for residents and visitors alike.
As of the latest census data, Monticello is home to approximately 5,500 residents. This close-knit community prides itself on its strong sense of community, excellent schools, and quality of life. With a blend of small-town hospitality and modern amenities, Monticello offers a peaceful retreat for those seeking a quieter pace of life.
The real estate market in Monticello reflects the town's appeal and desirability. With a mix of historic homes, new developments, and rural properties, Monticello offers a diverse range of housing options. Whether you're looking for a quaint Victorian home, a spacious family residence, or a peaceful countryside retreat, Monticello's real estate market has something for everyone.
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.
