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To complete a 1031 exchange in Redwood Falls, MN, 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 Redwood Falls, MN 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 Redwood Falls, MN. We understand that navigating a 1031 exchange…
Learn More
Redwood Falls, MN, incorporated as a city in 1876, has a rich history that dates back over a century and a half. Founded along the scenic Minnesota River, the city flourished due to its strategic location, attracting settlers and businesses seeking new opportunities in the Midwest.
With a current population of approximately 5,000 residents, Redwood Falls is a tight-knit community offering a small-town feel with big amenities. The city's diverse population contributes to a vibrant local culture, supported by a range of recreational facilities, parks, and community events that bring people together.
The real estate market in Redwood Falls is characterized by a mix of historic homes and modern developments, providing a variety of housing options for residents. With a median home price of $150,000, the city offers affordable living without compromising on quality of life. Whether you're looking for a cozy bungalow or a spacious family home, Redwood Falls has something to offer for everyone.
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.
