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To complete a 1031 exchange in Bronx, 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 Bronx, 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 Bronx, NY. We understand that navigating a 1031 exchange…
Learn More
The Bronx officially became a borough of New York City in 1898. In 1914, it was designated as a county. Known for its rich cultural history and diverse communities, Bronx is home to over 1.4 million residents, making it the fourth-most populous city in New York.
The population of Bronx, NY, showcases a strong sense of community and an array of ethnic backgrounds. With a mix of different cultures and traditions, the city offers a unique experience for both residents and visitors. Its vibrant neighborhoods, such as Fordham, Riverdale, and Pelham Bay, contribute to its rich tapestry of diversity.
The real estate market in the Bronx has seen significant growth in recent years, driven by new developments and renovations. While offering more affordable housing options compared to Manhattan, the Bronx has also seen an increase in property values. Neighborhoods like Mott Haven and Kingsbridge have become popular choices for homebuyers looking for a mix of urban amenities and community charm.
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.
