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To complete a 1031 exchange in Orcas, WA, 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 Orcas, WA 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 Orcas, WA. We understand that navigating a 1031 exchange…
Learn More
Orcas, WA officially became a city in 1882, making it one of the oldest cities in the Pacific Northwest. Situated on Orcas Island, it boasts stunning views of the Salish Sea and surrounding areas. The city has a rich history deeply intertwined with the marine and logging industries which contributed to its growth and development over the years.
With a population of approximately 5,000 residents, Orcas strikes a balance between a tranquil island retreat and a vibrant community. The city's population swells during the summer months as tourists flock to explore its natural beauty, outdoor recreational opportunities, and charming local shops and eateries. The tight-knit community fosters a sense of belonging and a strong commitment to preserving Orcas' unique character.
The real estate market in Orcas, WA offers a diverse range of properties catering to different preferences. From cozy waterfront cottages to expansive estates with panoramic views, there is something for everyone in this idyllic city. Despite its desirability, Orcas maintains a relaxed and welcoming atmosphere, attracting both full-time residents and those seeking a second home amidst the unparalleled beauty of the San Juan Islands.
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.
