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To complete a 1031 exchange in Oak Brook, IL, 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 Oak Brook, IL 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 Oak Brook, IL. We understand that navigating a 1031 exchange…
Learn More
Founded in 1958, Oak Brook, IL, is a charming city located in DuPage County, known for its upscale residential areas, corporate offices, and shopping centers. With a rich history, the city has transformed from a small farming community into a thriving urban center that attracts residents and visitors alike.
As of the latest census data in 2020, Oak Brook has a population of approximately 8,000 residents. Despite its small size, Oak Brook boasts a vibrant community with excellent schools, recreational amenities, and cultural opportunities. The city's strategic location near major highways and top-rated healthcare facilities makes it a desirable place to live for families and professionals.
When it comes to the real estate market, Oak Brook offers a mix of luxurious estates, spacious condominiums, and stylish townhomes. The housing market in Oak Brook is competitive, characterized by high property values and a demand for quality homes. Whether you are looking for a modern residence with state-of-the-art amenities or a serene retreat surrounded by nature, Oak Brook provides a range of housing options to suit various preferences.
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.
