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To complete a 1031 exchange in Scandia, 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 Scandia, 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 Scandia, MN. We understand that navigating a 1031 exchange…
Learn More
Scandia, MN, a charming city located in Washington County, was incorporated as a city in 1857. Settled primarily by Swedish immigrants, Scandia has retained much of its historic charm and Scandinavian cultural influences. The city's name, "Scandia," is derived from the Latin word for Scandinavia, paying homage to its early settlers.
As of the latest census data, Scandia has a population of approximately 4,000 residents. Known for its natural beauty and small-town appeal, Scandia offers a peaceful retreat from the hustle and bustle of urban life. The city's population enjoys a mix of historic homes, scenic landscapes, and a close-knit community spirit.
In terms of the real estate market, Scandia boasts a diverse range of properties, from historic farmhouses to modern developments. The city's housing market offers a mix of residential options, including single-family homes, acreages, and waterfront properties. With its serene surroundings and proximity to the Twin Cities, Scandia has become an attractive destination for those seeking a perfect balance of rural tranquility and urban convenience.
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.
