To complete a 1031 exchange in New Franklin, MO, 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 Franklin, MO 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…
Learn MoreAt 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…
Learn MoreAt 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 Franklin, MO. We understand that navigating a 1031 exchange…
Learn MoreNew Franklin, located in Howard County, Missouri, became a city in 1872. Originally settled in the early 1800s, the city officially incorporated with a population of less than 200. As of the latest census in 2020, New Franklin has a population of approximately 1,100 residents, reflecting steady growth over the years. The city's rich history and small-town charm make it a desirable place to live for many.
With its growing population, New Franklin’s real estate market has seen a mix of residential properties available to potential buyers. The median home value in the city is around $115,000, making it an affordable option for those looking to own a home in a quaint community. The real estate market caters to a range of preferences, from historic homes to newer constructions, offering diverse choices for residents.
In recent years, New Franklin has experienced a stable real estate market, with a balanced mix of buyers and sellers. The city's proximity to larger urban centers like Columbia adds to its appeal, offering a peaceful alternative to city living while still providing access to amenities and opportunities. Whether you are looking for a cozy house on a tree-lined street or a spacious property with ample land, New Franklin presents a welcoming environment for prospective homeowners.
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.