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To complete a 1031 exchange in Riverside, IL, 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 Riverside, IL 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 Riverside, IL. We understand that navigating a 1031 exchange…
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Riverside is a historic village located in Cook County, Illinois. It was founded in 1869 and officially incorporated as a village on February 14, 1875. Known for its picturesque landscapes, the village was designed by Frederick Law Olmsted, the famed landscape architect behind New York City's Central Park.
As of the last census conducted in 2020, Riverside, IL, had a population of approximately 8,875 residents. The village offers a peaceful suburban setting with a strong sense of community and a variety of beautiful historic homes. Riverside is recognized for its architectural and historical significance, attracting residents who appreciate its unique charm and character.
The real estate market in Riverside, IL, offers a mix of historic homes and modern properties. The village's real estate prices tend to be on the higher end due to its desirable location, well-preserved architecture, and proximity to Chicago. Potential buyers can find a range of housing options, from Victorian-style residences to contemporary homes, making Riverside an attractive location for those seeking a blend of history and modern amenities.
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.
