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To complete a 1031 exchange in Burlington, IA, 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 Burlington, IA 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 Burlington, IA. We understand that navigating a 1031 exchange…
Learn More
Burlington, Iowa, founded in 1833, holds a rich history as one of the state's oldest cities. Incorporated in 1834, it was named after the city of Burlington in Vermont. Situated on the bluffs overlooking the Mississippi River, this picturesque city seamlessly blends a historical charm with modern amenities, making it an attractive destination for residents and visitors alike.
With a population of approximately 25,000 residents, Burlington offers a tight-knit community feel. The city's diverse economy is supported by industries such as manufacturing, healthcare, and education. Residents benefit from a range of recreational opportunities, including parks, museums, and annual events like the Snake Alley Criterium, a popular bicycle race that draws participants from around the country.
The real estate market in Burlington reflects a mix of historic homes, new developments, and commercial properties. Home prices in Burlington are relatively affordable compared to larger cities, offering a range of options for buyers. The city's real estate market has seen steady growth in recent years, making it an attractive location for those seeking a balance of affordability, community, and quality of life.
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.
