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To complete a 1031 exchange in Stronghurst, IL, 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 Stronghurst, IL 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 Stronghurst, IL. We understand that navigating a 1031 exchange…
Learn More
Nestled in the heart of Henderson County in Illinois, Stronghurst is a charming village that was officially incorporated as a city in 1896. The city's rich history dates back to the early 19th century when settlers first established homes in the area. Over the years, Stronghurst has evolved into a tight-knit community known for its welcoming residents and strong sense of community.
With a population of approximately 883 residents, Stronghurst offers a peaceful and serene setting for both families and individuals looking to escape the hustle and bustle of city life. The small-town atmosphere, coupled with its close proximity to natural attractions and outdoor recreational opportunities, makes Stronghurst an ideal place to call home. Residents enjoy a high quality of life, with excellent schools, healthcare facilities, and local amenities.
When it comes to the real estate market in Stronghurst, IL, the city offers a mix of historic homes, modern developments, and spacious properties. Home prices in Stronghurst are relatively affordable compared to larger cities, making it an attractive option for first-time homebuyers and those looking to invest in real estate. The strong sense of community and peaceful surroundings are driving factors for individuals seeking a slower pace of life in a picturesque setting like Stronghurst.
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.
