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To complete a 1031 exchange in Shelby, MS, 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 Shelby, MS 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 Shelby, MS. We understand that navigating a 1031 exchange…
Learn More
Shelby, MS, founded in 1835, has a rich history and is known for its charming Southern hospitality. The city officially became incorporated in 1909, retaining its small-town feel while offering a variety of amenities to its residents. As of the latest census data, Shelby has a population of approximately 2,229 residents, making it a close-knit community where neighbors often know each other.
With a population growth rate of 5.6% since the last census, Shelby has seen steady development in its real estate market. The city presents various housing options, from historic homes to modern constructions, catering to different preferences and budgets. The median home value in Shelby is $98,800, with an average rent of $630 per month, offering affordable living options for both renters and buyers.
As the real estate market in Shelby continues to thrive, the city's appeal extends beyond its housing options. With vibrant community events, local businesses, and proximity to outdoor recreational areas, Shelby offers a balanced lifestyle for its residents. Whether you're looking to settle down in a friendly community or explore the beauty of Mississippi, Shelby presents an inviting destination for those seeking a peaceful yet engaging living environment.
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.
