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To complete a 1031 exchange in Odessa, TX, 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 Odessa, TX 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 Odessa, TX. We understand that navigating a 1031 exchange…
Learn More
Odessa, TX, founded in 1881 as a water stop and cattle shipping point on the Texas and Pacific Railway, officially became a city in 1927. This Southwestern city in Texas is known for its oil and gas industry, as well as its rich cultural heritage and vibrant community.
As of the 2020 United States Census, Odessa has a population of approximately 123,334. The city has experienced steady growth over the years, attracting new residents with its affordable cost of living, diverse job opportunities, and strong sense of community. Odessa is home to a mix of families, professionals, and retirees, contributing to its dynamic and inclusive atmosphere.
The real estate market in Odessa offers a range of housing options, from single-family homes to apartments and condominiums. The median home value in Odessa is $190,000, making it an attractive destination for first-time homebuyers and investors alike. With a growing economy and expanding infrastructure, Odessa continues to be a desirable location for those seeking a balance between urban amenities and a relaxed lifestyle.
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.
