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To complete a 1031 exchange in Tower Hill, 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 Tower Hill, 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 Tower Hill, IL. We understand that navigating a 1031 exchange…
Learn More
Tower Hill, IL, located in Shelby County, became a city in 1911. Initially established as a village, it obtained city status to better serve its growing population and community needs. With its rich history rooted in agricultural development, Tower Hill has managed to preserve its small-town charm while adapting to modern times.
As of the latest census data, Tower Hill has a population of approximately 600 residents. Known for its friendly community atmosphere and scenic surroundings, the city offers a close-knit environment perfect for families and individuals seeking a peaceful place to call home. The city's size allows for a strong sense of community and a slower pace of life, appealing to those looking to escape the hustle and bustle of larger urban areas.
In terms of real estate, Tower Hill, IL, provides a range of housing options from historic homes to newly constructed properties. The real estate market in the area offers affordable housing opportunities compared to nearby cities, making it an attractive destination for first-time buyers or those looking to downsize. With a mix of traditional and modern housing styles, Tower Hill caters to various preferences and budgets, ensuring there is something for everyone in this charming city.
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.
