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To complete a 1031 exchange in New Riegel, 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 Riegel, 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 Riegel, OH. We understand that navigating a 1031 exchange…
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New Riegel is a village located in Seneca County, Ohio. It was founded in 1833 and officially incorporated as a village on October 8, 1856, making it one of the oldest settlements in the region. Initially established as a farming community, New Riegel has evolved into a tight-knit residential area with a focus on community engagement and historical preservation.
As of the latest census data in 2020, the population of New Riegel stands at approximately 245 residents. The village offers a peaceful and close-knit community lifestyle, making it an attractive place for families and individuals seeking a quieter environment away from the bustle of larger cities. The small population size contributes to a strong sense of community and neighborly bonds.
In terms of the real estate market, New Riegel presents a mix of historic homes and newer constructions, catering to a variety of tastes and preferences. The village's real estate market is characterized by affordable housing options, making it an appealing destination for first-time homebuyers and those looking to invest in a serene rural setting. Home values in New Riegel have shown steady growth over the years, reflecting the desirability of the village as a residential location.
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.
