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To complete a 1031 exchange in New Troy, 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 Troy, 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 Troy, MI. We understand that navigating a 1031 exchange…
Learn More
New Troy, MI became an incorporated city on January 1, 1998. Formerly a township, the city saw significant growth in the late 20th century, leading to its official status as a city. Since then, it has evolved into a vibrant community with a rich history and diverse population.
With a population of approximately 15,000 residents, New Troy, MI offers a blend of urban amenities and suburban charm. The city boasts a strong sense of community, with a range of cultural events, recreational activities, and educational opportunities. Its strategic location near major metropolitan areas makes it an attractive place to live for families and professionals alike.
In terms of the real estate market, New Troy, MI has experienced steady growth in property values over the past decade. The city's desirable location, excellent schools, and access to key amenities have contributed to an increase in demand for housing. As a result, the real estate market in New Troy, MI remains competitive, with a variety of housing options available to suit different preferences and budgets.
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.
