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To complete a 1031 exchange in Phillipsburg, KS, 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 Phillipsburg, KS 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 Phillipsburg, KS. We understand that navigating a 1031 exchange…
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Phillipsburg, located in Phillips County, Kansas, was established as a city in 1872. As one of the oldest settlements in the area, Phillipsburg has a rich history that dates back over a century. Initially founded as a trading post, it grew rapidly due to its strategic location along the railroad.
The city of Phillipsburg is home to a close-knit community with a population of approximately 2,500 residents. Known for its friendly atmosphere and welcoming locals, Phillipsburg offers a small-town charm coupled with modern amenities. The population has remained relatively stable over the years, creating a sense of continuity and connection among its inhabitants.
When it comes to real estate, Phillipsburg offers a diverse market with properties ranging from historic homes to contemporary residences. The housing market in Phillipsburg is known for its affordability compared to larger urban areas, making it an attractive option for first-time homebuyers and families looking to settle down. Additionally, the city's charming downtown area features a mix of residential and commercial properties, adding to its appeal as a vibrant 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.
