Our team of experts will guide you every step of the way, helping you achieve your investment goals, minimize tax liabilities, and simplify the process.
Contact us today to connect with a professional 1031 Exchange Facilitator.
Get Your Free E-Book.
To complete a 1031 exchange in Garrett Park, MD, 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.
More About
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 Garrett Park, MD 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…
Learn More
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…
Learn More
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 Garrett Park, MD. We understand that navigating a 1031 exchange…
Learn More
Garrett Park, a picturesque town located in Montgomery County, Maryland, was incorporated as a town in 1898. Originally developed as a small suburb on the Baltimore and Ohio Railroad, it has since evolved into a charming residential community known for its historic homes and tree-lined streets.
With a population of around 1,000 residents, Garrett Park offers a tight-knit community feel with various community events and activities organized throughout the year. The town's small size fosters a sense of unity and camaraderie among its residents, making it a popular choice for families and individuals seeking a peaceful retreat from the hustle and bustle of urban life.
Garrett Park's real estate market is characterized by a mix of historic colonial-style homes, modern residences, and quaint townhouses. The town's real estate prices have shown a steady increase over the years, reflecting its desirability as a residential area. With its proximity to Washington D.C. and excellent schools, Garrett Park continues to attract homebuyers looking for a blend of suburban tranquility and urban convenience.
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.
