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To complete a 1031 exchange in Stony Point, 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 Stony Point, 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 Stony Point, NY. We understand that navigating a 1031 exchange…
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Stony Point, NY, is a historic town located in Rockland County. It was established as a town in 1865 and has a rich history dating back to colonial times, when it played a significant role during the American Revolutionary War. The town was officially incorporated in 1865 and has evolved into a charming community known for its scenic beauty and historical significance.
With a population of approximately 15,000 residents, Stony Point offers a small-town feel with easy access to the amenities of nearby urban areas. The town boasts a strong sense of community and a range of local services, including schools, parks, and recreational facilities. Residents enjoy a high quality of life in Stony Point, with a variety of housing options to suit different preferences and budgets.
The real estate market in Stony Point offers a mix of historic homes, modern developments, and waterfront properties along the Hudson River. The town's real estate market has shown steady growth in recent years, with a diverse range of housing options available for buyers and renters alike. Whether you're looking for a cozy cottage, a family-friendly neighborhood, or a luxury waterfront estate, Stony Point has something to offer for every taste and lifestyle.
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.
