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To complete a 1031 exchange in East Rockaway, 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 East Rockaway, 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 East Rockaway, NY. We understand that navigating a 1031 exchange…
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East Rockaway, a charming village situated in Nassau County, New York, became an incorporated village in 1900. Boasting a rich history with a close-knit community feel, East Rockaway is a popular residential area known for its quaint neighborhoods and picturesque waterfront views along the Mill River. The village offers a serene suburban lifestyle with easy access to nearby amenities and transportation options.
As of the latest census data, East Rockaway has a population of approximately 9,800 residents. With a diverse population mix, the village maintains a family-friendly atmosphere and a strong sense of community spirit. Residents benefit from top-rated schools, recreational facilities, and a range of local businesses, making East Rockaway a desirable destination for those seeking a tranquil yet convenient place to call home.
East Rockaway's real estate market offers a mix of housing options, from cozy single-family homes to waterfront properties along the Mill River. The village's real estate scene is characterized by a variety of architectural styles, including Colonial, Cape Cod, and craftsman designs. With a competitive market, prospective buyers can find a range of listings to suit their preferences and budget, making East Rockaway an appealing location for individuals and families looking to invest in a peaceful and thriving 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.
