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To complete a 1031 exchange in White Plains, NY, 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 White Plains, NY 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 White Plains, NY. We understand that navigating a 1031 exchange…
Learn More
White Plains, NY officially became a city on July 29, 1946. Previously known as the town of White Plains, it transitioned to city status due to its rapid growth and development. Over the years, it has evolved into a bustling urban center known for its vibrant culture, diverse community, and economic opportunities.
With a current population of approximately 58,000 residents, White Plains is a dynamic city that offers a mix of suburban charm and urban amenities. Its strategic location in Westchester County makes it a popular choice for both residents and businesses seeking a convenient yet lively environment. The city's population continues to grow steadily, contributing to its cultural richness and economic vitality.
The real estate market in White Plains is competitive and diverse, offering a range of housing options to suit various preferences and budgets. From historic homes in tree-lined neighborhoods to modern high-rise condominiums with breathtaking views, there is something for everyone in the White Plains real estate market. The city's proximity to New York City, excellent schools, and thriving business scene make it a desirable location for homebuyers and investors alike.
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.
