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To complete a 1031 exchange in Folsom, WV, 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 Folsom, WV 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 Folsom, WV. We understand that navigating a 1031 exchange…
Learn More
Folsom became an incorporated city in 1966, nestled in the picturesque state of West Virginia. With a rich history dating back to over five decades, it has evolved into a vibrant community that treasures its past while embracing modernity. The city's incorporation brought about a transformation that has shaped its unique character over the years.
The population of Folsom is approximately 900 residents, creating a close-knit and welcoming atmosphere for both locals and visitors. Whether you are strolling down the historic streets or enjoying the scenic views that the city offers, you will feel the warmth and hospitality that Folsom is known for. This small population size allows for a strong sense of community and a peaceful way of life.
In terms of the real estate market, Folsom offers a range of housing options from cozy cottages to spacious family homes. The city's real estate market is characterized by a mix of historic properties and modern residences, catering to various preferences and needs. Despite its small size, Folsom's real estate sector is dynamic, with opportunities for both buyers and sellers to engage in a thriving market.
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.
