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To complete a 1031 exchange in Newark, NJ, 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 Newark, NJ 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 Newark, NJ. We understand that navigating a 1031 exchange…
Learn More
Newark, New Jersey, officially became a city on April 11, 1836, and is the largest city in the state. It is a major hub of transportation and has a rich history dating back to its industrial roots. The city has evolved over the years and has become a cultural and economic center in the region.
With a population of over 280,000 residents, Newark is a diverse and vibrant city known for its arts, culture, and educational institutions. The city is home to several universities, museums, and theaters, making it a popular destination for visitors and residents alike. Newark's population continues to grow steadily, contributing to its dynamic and diverse community.
In recent years, Newark's real estate market has experienced significant growth and development. The city has seen an increase in new residential and commercial construction projects, as well as the revitalization of historic neighborhoods. The real estate market in Newark offers a range of options for buyers and investors, with properties ranging from historic townhouses to modern high-rise apartments. With its convenient location and diverse amenities, Newark remains a desirable place to live and work.
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.
