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To complete a 1031 exchange in Miller Place, 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 Miller Place, 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 Miller Place, NY. We understand that navigating a 1031 exchange…
Learn More
Miller Place is a hamlet located in Suffolk County, New York. It was first settled in the 17th century and officially became a part of the Town of Brookhaven in 1720. With a rich history, Miller Place offers a blend of historic charm and modern amenities, making it an attractive place to live.
As of the latest census data in 2020, Miller Place had a population of approximately 12,000 residents. The community is known for its tight-knit neighborhoods and strong sense of community spirit. With highly rated schools and access to beautiful beaches along Long Island Sound, Miller Place is a desirable location for families and individuals alike.
In terms of the real estate market, Miller Place offers a mix of housing options ranging from historic colonial-style homes to modern developments. The median home value in Miller Place is around $450,000, with a variety of properties available to suit different preferences and budgets. The real estate market in Miller Place is competitive, with demand driven by the area's reputation for quality living and access to outdoor recreational activities.
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.
