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To complete a 1031 exchange in Tucson, AZ, 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 Tucson, AZ 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 Tucson, AZ. We understand that navigating a 1031 exchange…
Learn More
Tucson, located in the southern part of Arizona, was officially incorporated as a city on February 7, 1776. It has a rich history shaped by its Spanish, Mexican, and American influences. With a long-standing Native American presence as well, Tucson has a unique cultural blend that is reflected in its architecture, cuisine, and traditions, making it a vibrant and diverse city with a rich heritage.
As of 2021, the estimated population of Tucson stands at over 550,000, making it the second most populous city in Arizona after Phoenix. The city is known for its beautiful desert landscapes, including the stunning saguaro cactus forests of the Sonoran Desert. Tucson's population continues to grow steadily, drawn in by its warm climate, outdoor recreational opportunities, and affordable cost of living compared to larger cities.
In terms of the real estate market, Tucson has seen a surge in demand for housing in recent years. The city offers a mix of housing options ranging from historic adobe homes in its downtown Barrio Viejo district to modern developments in the suburbs. The real estate market in Tucson is competitive, with rising home prices and a low inventory of available properties, making it a seller's market. The city's booming job market and quality of life have contributed to the increased interest in living in Tucson, leading to a dynamic real estate landscape.
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.
