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To complete a 1031 exchange in South Ozone Park, NY, 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 South Ozone Park, NY 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 South Ozone Park, NY. We understand that navigating a 1031 exchange…
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South Ozone Park, a neighborhood in Queens, New York City, traces its roots back to the early 1900s. It officially became part of New York City in 1898 when the city's five boroughs were consolidated. Steeped in history, this area has transformed over the years into a bustling and diverse community.
With a strong sense of community and a population of approximately 75,000 residents, South Ozone Park is known for its vibrant atmosphere and cultural diversity. The neighborhood has grown to become a residential hub, offering a mix of single-family homes, apartments, and commercial spaces, catering to the diverse needs of its inhabitants.
The real estate market in South Ozone Park reflects the area's popularity and growth. Housing options range from cozy apartments to spacious single-family homes, appealing to both renters and buyers. The demand for real estate in this neighborhood continues to thrive, driven by its convenient location, access to amenities, and strong sense of 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.
