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To complete a 1031 exchange in Bethesda, MD, 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 Bethesda, MD 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 Bethesda, MD. We understand that navigating a 1031 exchange…
Learn More
Bethesda, Maryland, known for its urban feel and suburban amenities, officially became a city back in 1898. Originally a small settlement in Montgomery County, it gradually grew into a vibrant community that attracts both visitors and new residents alike. With its rich history and diverse population, Bethesda has evolved into a thriving hub of culture and commerce in the Washington D.C. metropolitan area.
As of the latest census data, Bethesda, MD is home to approximately 63,000 residents, making it one of the largest cities in Maryland. The population is characterized by a mix of young professionals, families, and retirees, creating a dynamic and inclusive environment. The city's population continues to grow steadily, drawn to its excellent schools, diverse dining options, and convenient access to public transportation.
The real estate market in Bethesda is known for its upscale homes, trendy condominiums, and historic properties. With a median home value surpassing the national average, Bethesda offers a range of housing options to suit various lifestyles and budgets. The city's real estate market is competitive, reflecting the high demand for its prime location, top-rated schools, and proximity to major employment centers, including the National Institutes of Health and downtown Washington D.C.
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.
