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To complete a 1031 exchange in Orem, UT, 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 Orem, UT 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 Orem, UT. We understand that navigating a 1031 exchange…
Learn More
Orem, Utah, a vibrant city in the United States, was officially incorporated on May 5, 1919. Initially known as "Sharon," the city was later renamed to Orem in honor of Walter C. Orem, the president of the Salt Lake and Utah Railroad. Since then, Orem has developed into a bustling urban center with a rich history and a welcoming community.
With a population of over 97,000 residents, Orem is the fifth-largest city in Utah. Known for its family-friendly atmosphere and strong sense of community, Orem offers a high quality of life to its residents. The city boasts top-rated schools, abundant recreational opportunities, and a thriving economy, making it an attractive place to live and work.
The real estate market in Orem is dynamic and diverse, catering to a wide range of preferences and budgets. Whether you are looking for a cozy single-family home in a quiet neighborhood or a modern apartment in the heart of the city, Orem has options to suit every lifestyle. With its strong housing market and steady property values, Orem presents a stable and attractive environment for both residents and investors.
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.
