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To complete a 1031 exchange in Wichita Falls, TX, 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 Wichita Falls, TX 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 Wichita Falls, TX. We understand that navigating a 1031 exchange…
Learn More
Wichita Falls, TX was officially founded as a city in 1882. Its name comes from a nearby waterfall on the Wichita River. Over the years, the city has grown to become the county seat of Wichita County and a prominent hub in North Texas.
With a population of approximately 104,747 as of 2021, Wichita Falls offers a mix of urban amenities and a small-town feel. The city is known for its diverse community, vibrant arts scene, and a range of recreational opportunities, including parks, museums, and local events that showcase its rich culture.
In terms of real estate, Wichita Falls provides a relatively affordable housing market compared to larger cities in Texas. The median home price in the city is around $130,000, making it an attractive option for first-time homebuyers and those looking for a cost-effective living arrangement. The real estate market in Wichita Falls offers a variety of housing options, from historic homes to modern developments, catering to different preferences and budgets.
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.
