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To complete a 1031 exchange in Locust Valley, 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 Locust Valley, 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 Locust Valley, NY. We understand that navigating a 1031 exchange…
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Locust Valley is a hamlet located in Nassau County, New York. It was established in the late 19th century, and it officially became a city in 1912. The city's rich history can be seen in its well-preserved historic buildings and landmarks, making it a desirable place to live for those who appreciate traditional charm.
The population of Locust Valley, as of the latest census data, is approximately 3,406 residents. The city offers a close-knit community feel with its small population size, where neighbors know each other and local events help foster a sense of community spirit. Locust Valley's population enjoys a high quality of life, with access to top-rated schools, beautiful parks, and a range of amenities.
Locust Valley's real estate market is known for its picturesque homes and properties. The city offers a mix of historic houses, elegant estates, and modern residences, catering to a variety of tastes and preferences. The real estate market in Locust Valley is characterized by high property values, reflecting the desirability of the area and the quality of life it offers to its residents.
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.
