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To complete a 1031 exchange in Tiverton, RI, 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 Tiverton, RI 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 Tiverton, RI. We understand that navigating a 1031 exchange…
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Tiverton is a charming town located in Newport County, Rhode Island. It was incorporated as a town in 1747, making it rich in history and culture. Initially established as part of Massachusetts, Tiverton became an official town in Rhode Island in the mid-18th century. Today, it maintains its small-town charm while offering residents and visitors a beautiful coastal setting.
With a population of approximately 16,000 residents, Tiverton is known for its tight-knit community and friendly atmosphere. The town boasts a mix of historic homes, waterfront properties, and scenic landscapes. Tiverton is a popular destination for those looking to enjoy a peaceful coastal lifestyle while still being in close proximity to major cities like Providence and Boston.
The real estate market in Tiverton offers a wide range of options for homebuyers. From quaint cottages to luxurious waterfront estates, there is something for everyone in this picturesque town. With a median home value of around $350,000, Tiverton provides affordable housing options amidst its stunning natural beauty, making it a desirable place to live for those seeking a serene and idyllic environment.
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.
