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To complete a 1031 exchange in Sullivan, KY, 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 Sullivan, KY 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 Sullivan, KY. We understand that navigating a 1031 exchange…
Learn More
Sullivan, KY, officially became a city on June 15, 1892. Initially founded as a small town, it steadily grew into a vibrant city over the years. Known for its rich history and cultural heritage, Sullivan offers residents and visitors a unique blend of modern amenities and historical charm.
With a current population of approximately 25,000 residents, Sullivan, KY, is a bustling city that continues to attract new inhabitants seeking a welcoming community and a high quality of life. Its growing population reflects the city's appeal as a desirable place to live, work, and raise a family.
The real estate market in Sullivan, KY, is characterized by diverse housing options to suit different preferences and budgets. From historic homes with character to modern condos and apartments, there is something for everyone in Sullivan. The real estate market has shown steady growth in recent years, making it an attractive investment opportunity for both homeowners and real estate developers.
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.
