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To complete a 1031 exchange in Oceanside, NY, 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 Oceanside, NY 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 Oceanside, NY. We understand that navigating a 1031 exchange…
Learn More
Oceanside, located in Nassau County, New York, became a city in 1965. It started as a small hamlet in the early 20th century and experienced significant growth throughout the years, leading to its incorporation as a city. Since then, Oceanside has become a vibrant and diverse community known for its beautiful beaches, excellent schools, and strong sense of community.
As of the latest census data, Oceanside has a population of approximately 32,000 residents. The city boasts a mix of suburban and urban elements, offering its residents a high quality of life with access to various amenities, recreational facilities, and local businesses. Oceanside is a popular choice for families and individuals looking for a peaceful yet well-connected place to call home.
In terms of the real estate market, Oceanside offers a range of housing options, including single-family homes, townhouses, and condominiums. The city's real estate market has seen steady growth in recent years, with property values on the rise. Oceanside's proximity to New York City and its desirable waterfront location contribute to its appeal among homebuyers, making it a sought-after destination for those looking to settle in a charming coastal community.
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.
