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To complete a 1031 exchange in Rochester, MN, 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 Rochester, MN 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 Rochester, MN. We understand that navigating a 1031 exchange…
Learn More
Rochester, MN, officially became a city on May 11, 1858. It was established as a townsite along the Zumbro River and has grown significantly over the years. Originally envisioned as a stagecoach stop between St. Paul, MN, and Dubuque, IA, Rochester has transformed into a bustling city known for its healthcare industry and quality of life.
As of the latest available data, the population of Rochester, MN, is estimated to be around 121,000 residents. The city is home to a diverse community of individuals from different backgrounds and cultures. With a strong emphasis on education, healthcare, and technology, Rochester continues to attract new residents looking for a vibrant and welcoming community to call home.
The real estate market in Rochester, MN, offers a variety of housing options to accommodate different preferences and budgets. The city's housing market has seen steady growth in recent years, with a mix of historic homes, modern developments, and apartment complexes. Whether you are looking for a charming historic house or a contemporary apartment, Rochester provides a range of choices for both renters and homeowners.
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.
