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To complete a 1031 exchange in New Philadelphia, OH, 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 Philadelphia, OH 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 Philadelphia, OH. We understand that navigating a 1031 exchange…
Learn More
New Philadelphia, OH was established as a city on July 4, 1804. Initially founded by John Knisely, the city began its journey as a small settlement and has since developed into a vibrant community with a rich history and strong sense of community pride.
As of the last census conducted in 2020, New Philadelphia, OH had a population of approximately 17,391 residents. This figure reflects steady growth over the years, with the city becoming a popular choice for individuals and families seeking a welcoming and diverse place to call home.
In terms of the real estate market, New Philadelphia offers a mix of housing options to cater to different preferences. From charming historic homes in the downtown area to modern developments in the outskirts, the city provides a range of choices for prospective buyers. The real estate market in New Philadelphia is known for its stability and affordability, making it an attractive destination for both first-time buyers and those looking to invest in property.
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.
