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To complete a 1031 exchange in Torrington, CT, 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 Torrington, CT 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 Torrington, CT. We understand that navigating a 1031 exchange…
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Torrington is a city located in Litchfield County, Connecticut. Originally established in 1740 as a town, Torrington only became a city in 1923. The transition to city status marked a significant moment in its history, as it gained more autonomy and the ability to have its own government with a mayor-council system.
As of the latest census data, Torrington has a population of approximately 35,000 residents. The city boasts a vibrant community with various cultural, recreational, and educational opportunities for its residents. Torrington's population is diverse, with people from different backgrounds contributing to its rich tapestry of life.
The real estate market in Torrington offers a mix of housing options ranging from historic homes to modern developments. Property prices in Torrington have been relatively stable, making it an attractive location for both homeowners and real estate investors. The city's scenic surroundings and access to amenities make it a desirable place to call home in the picturesque Connecticut landscape.
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.
