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To complete a 1031 exchange in Streator, 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 Streator, 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 Streator, IL. We understand that navigating a 1031 exchange…
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Founded in 1868 as a city, Streator, IL has a rich history dating back over 150 years. Initially established near the Vermilion River, it was known for its coal mining and later became an important hub for the glass industry in the late 19th century.
With a current population of around 13,000 residents, Streator offers a tight-knit community feel while still providing urban amenities. The city's diverse neighborhoods cater to different lifestyles, from historic homes in the downtown area to newer developments on the outskirts, making it an appealing place to call home for both families and young professionals.
The real estate market in Streator is a mix of traditional and modern housing options. The median home value in the city is around $85,000, making it an affordable choice for prospective buyers. Whether you're looking for a charming Victorian house or a modern condominium, Streator's real estate market offers a variety of choices to suit different preferences and budgets.
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.
