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To complete a 1031 exchange in New Buffalo, MI, 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 New Buffalo, MI 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 New Buffalo, MI. We understand that navigating a 1031 exchange…
Learn More
New Buffalo, a charming city located in Berrien County, Michigan, officially became a city in 1837. With a rich history dating back to the early 19th century, New Buffalo has evolved into a popular tourist destination known for its beautiful beaches, vibrant downtown area, and welcoming community. The city's historic architecture and picturesque lakeshore make it a sought-after location for both residents and visitors.
As of the latest census data, New Buffalo has a population of approximately 1,900 residents. Despite its small size, the city boasts a strong sense of community and a range of local amenities that contribute to its appeal. With a blend of year-round and seasonal residents, New Buffalo offers a unique mix of cultures and backgrounds, creating a diverse and welcoming environment for all who call it home.
The real estate market in New Buffalo reflects its desirability, with a range of properties available to suit various preferences and budgets. From charming historic homes to modern waterfront estates, there is something for everyone in this picturesque city. The real estate market has shown steady growth in recent years, attracting both homebuyers looking for a permanent residence and investors seeking rental opportunities in this thriving community.
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.
