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To complete a 1031 exchange in Canyon, 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 Canyon, 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 Canyon, TX. We understand that navigating a 1031 exchange…
Learn More
Canyon, TX, officially became a city in 1906. The city was established as a result of the coming of the Fort Worth and Denver City Railway. It was named after the nearby Palo Duro Canyon, one of the largest canyons in the United States. Canyon has since grown into a thriving community with a rich history and strong sense of community.
As of the latest census data, Canyon has a population of around 16,000 residents. The city has experienced steady population growth in recent years, thanks to its strong economy, quality educational institutions such as West Texas A&M University, and picturesque surroundings. The population diversity in Canyon adds to the vibrant culture and community spirit that the city is known for.
In terms of real estate, Canyon offers a mix of residential properties ranging from single-family homes to apartments and condominiums. The real estate market in Canyon is characterized by a balance of affordable housing options for young families and professionals, as well as upscale properties with scenic views of the canyon. The housing market in Canyon has remained stable, making it an attractive place to live for those seeking a peaceful yet vibrant community.
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.
