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.
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To complete a 1031 exchange in Rico, CO, 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 Rico, CO 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 Rico, CO. We understand that navigating a 1031 exchange…
Learn More
Rico, a picturesque town nestled in the mountains of Colorado, officially became a city in 1882. Initially a mining town, Rico flourished due to its rich mineral deposits, primarily silver and lead. The town evolved over the years into a vibrant community known for its stunning natural beauty and outdoor recreational opportunities.
As of the latest census data, Rico has a population of approximately 265 residents. Despite its small size, Rico boasts a tight-knit community that values its historic charm and close connection to nature. Residents and visitors alike enjoy a relaxed lifestyle surrounded by the San Juan Mountains, making it a perfect getaway for outdoor enthusiasts.
The real estate market in Rico offers a unique blend of historic homes, cozy cabins, and modern mountain retreats. With its scenic views and access to a variety of outdoor activities such as hiking, biking, and skiing, Rico's real estate market has seen steady growth in recent years. Whether you're looking for a charming vacation home or considering a permanent move, Rico provides a serene mountain living experience like no other.
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.
