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To complete a 1031 exchange in Duluth, MN, 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 Duluth, MN 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 Duluth, MN. We understand that navigating a 1031 exchange…
Learn More
Duluth, MN, was established as a city in the year 1857. This charming port city is located on the northern shores of Lake Superior in Minnesota. With a rich history that dates back over a century and a half, Duluth has grown into a vibrant community serving as a hub for shipping, industry, tourism, and education in the region.
The population of Duluth stands at approximately 86,000 residents, making it one of the largest cities in the state of Minnesota. Known for its scenic beauty, outdoor recreational opportunities, and cultural attractions, Duluth attracts residents and visitors alike who appreciate its unique blend of urban amenities and natural surroundings.
In recent years, the real estate market in Duluth has experienced steady growth and stability. The city offers a variety of housing options, from historic homes overlooking the lake to modern condos in downtown areas. With a diverse range of neighborhoods catering to different preferences and budgets, Duluth's real estate market continues to attract both homebuyers and investors looking to be a part of this picturesque city.
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.
