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To complete a 1031 exchange in Ridley Park, PA, 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 Ridley Park, PA 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 Ridley Park, PA. We understand that navigating a 1031 exchange…
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Ridley Park is a borough in Delaware County, Pennsylvania, United States. It was founded in 1871 and incorporated as a borough in 1887, making it over a century old. The community was named after a railroad station located in the area, and its rich history is evident in its charming architecture and historic landmarks.
As of the 2020 United States Census, Ridley Park had a population of approximately 7,072 residents. The borough offers a mix of suburban living with easy access to urban amenities, making it an attractive place to live for families and young professionals alike. The community is known for its strong sense of community and is a close-knit, welcoming environment for residents.
Ridley Park's real estate market offers a variety of housing options, including single-family homes, townhouses, and apartments. The median home value in Ridley Park is around $250,000, with the market seeing steady growth in recent years. The borough's close proximity to Philadelphia and its well-regarded school district make it a desirable location for those looking to purchase property in the Greater Philadelphia area.
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.
