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To complete a 1031 exchange in Wadsworth, 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 Wadsworth, 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 Wadsworth, IL. We understand that navigating a 1031 exchange…
Learn More
Wadsworth, IL, officially became a city in 1962. Initially a small village, it has transformed into a dynamic city with a rich history and a strong community spirit. Located in Lake County, Wadsworth offers residents a blend of rural charm and urban amenities.
The population of Wadsworth stands at approximately 3,800 residents, creating a close-knit and welcoming environment. Families, young professionals, and retirees are drawn to the area for its peaceful surroundings and easy access to nearby cities. The community takes pride in its historic landmarks, local businesses, and annual events that bring residents together.
The real estate market in Wadsworth offers a mix of housing options, from historic homes to modern developments. The median home price in Wadsworth is around $300,000, making it an attractive and affordable choice for individuals looking to settle down or invest in property. With top-rated schools, recreational facilities, and nature preserves nearby, Wadsworth provides a high quality of life for its residents.
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.
