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To complete a 1031 exchange in Pickstown, SD, 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 Pickstown, SD 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 Pickstown, SD. We understand that navigating a 1031 exchange…
Learn More
Located in South Dakota, Pickstown was established as a city in the early 1940s to accommodate workers building the Fort Randall Dam. Over the years, it has evolved into a charming community nestled along the shores of the Missouri River. While it has a small population, its rich history and picturesque surroundings make it a popular destination for nature lovers and history enthusiasts alike.
With a population of approximately 200 residents, Pickstown offers a tight-knit community feel where neighbors know each other by name. Despite its small size, the city boasts a strong sense of community pride and a range of outdoor activities, including fishing, hiking, and boating. The serene beauty of the area, surrounded by rolling hills and tranquil waters, attracts visitors seeking a peaceful retreat from the hustle and bustle of city life.
In terms of real estate, Pickstown offers a unique opportunity for those looking to own a piece of history. With a mix of historic homes dating back to the town's early days and modern properties overlooking the river, there is something for everyone in Pickstown's real estate market. Whether you're looking for a weekend getaway or a permanent residence, Pickstown's real estate options cater to a variety of preferences, making it a desirable location for those seeking a slower pace of life.
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.
