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To complete a 1031 exchange in Chester, SD, 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 Chester, SD 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 Chester, SD. We understand that navigating a 1031 exchange…
Learn More
Located in eastern South Dakota, Chester was officially established as a city in the late 1800s. Its rich history dates back to the early settlers, making it a quaint and charming town for visitors and residents alike. With a community spirit that runs deep, Chester continues to thrive as a welcoming destination with its historic downtown and peaceful surroundings.
As of the most recent census, the population of Chester stands at approximately 240 residents. Despite its small size, the city offers a close-knit community environment ideal for families and retirees seeking a peaceful lifestyle. The tight-knit community fosters a sense of belonging and togetherness, making Chester a desirable place to call home.
The real estate market in Chester, SD, provides a mix of historical homes and modern residences, offering diverse options for potential buyers. The housing market is known for its affordability and variety, with properties ranging from charming cottages to spacious family homes. Those looking to invest in Chester can find opportunities that blend small-town charm with modern amenities, creating a unique living experience for all.
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.
