To complete a 1031 exchange in Torrance, CA, 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 Torrance, CA 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…
Learn MoreAt 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…
Learn MoreAt 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Torrance, CA. We understand that navigating a 1031 exchange…
Learn MoreTorrance, CA was founded and incorporated as a city on May 12, 1921. Over the years, it has grown into a vibrant and diverse community known for its strong economy and high quality of life. The city has a rich history rooted in its industrial past with major employers like ExxonMobil and Toyota having a presence in the area.
With a population of over 145,000 residents, Torrance is the eighth largest city in Los Angeles County. The city is known for its beautiful beaches, excellent schools, and numerous cultural attractions. Torrance offers a mix of urban amenities and a suburban feel, making it a popular choice for families and professionals alike.
In terms of the real estate market, Torrance is a highly desirable area with a diverse range of housing options. The median home value in Torrance is around $750,000, with prices varying based on the neighborhood and property type. The city offers a mix of single-family homes, townhouses, and condominiums, with a strong demand for properties in well-established neighborhoods.
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.