The partnership integrates HomeUnion®’s remote real estate investment solution with Accruit’s tax-deferred solution for investors in like-kind real estate exchanges.
IRVINE, Calif., Nov. 14, 2016 — HomeUnion®, an online real estate firm providing all of the services investors need to buy, sell and manage real estate, has formed a partnership with Accruit, a leading qualified intermediary for taxpayers executing like-kind exchanges. The partnership enables HomeUnion®’s investor clients to access Accruit’s services, as well as their Certified Exchange Specialists (CES®), when closing like-kind exchanges in real estate. A like-kind exchange in real estate – also known as a 1031 exchange – allows investors to sell a property and reinvest the proceeds from that sale into a new property to defer capital gains taxes.
“HomeUnion® offers investors an online real estate investment and management platform, which is an industry first,” according to Don Ganguly, CEO of HomeUnion®. “By using HomeUnion®.com, 1031 exchange investors can select from a wide array of single-family rental (SFR) and multifamily properties priced exactly to meet their 1031 exchange requirements. And if they want to sell one or more of their 1031 exchange properties at a later date, they can do so seamlessly by re-listing them on HomeUnion®.com,” he continues.
“Accruit built a secured platform that provides real estate investors conducting 1031 exchanges with direct access to our tax specialists,” explains Brent Abrahm, CEO of Accruit, “which gives our clients a competitive edge. We are supplementing this platform with an online real estate investment and management solution: HomeUnion®.com.”
Both HomeUnion® and Accruit share a similar vision for revolutionizing their respective industries, according to Abrahm. “With its big data analysis, metro-level housing market expertise and dedicated research team, HomeUnion® is taking an insider’s game and making it available to everyone by way of its website. Making this valuable insight available to individual (retail) investors opens up a world of possibilities in the real estate investment sector,” he says. “Accruit is doing the same for taxpayers participating in like-kind exchanges.”
Accruit is a qualified intermediary not owned by a bank or institution, which gives its clients full transparency, says Abrahm. “We are dedicated to providing the best support from a technology perspective, while ensuring HomeUnion® clients are well-informed about the tax benefits of Section 1031 of the IRS code,” he concludes.
For more information about Accruit, visit www.accruit.com.
HomeUnion® is an online real estate investment management firm. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in SFR properties. The company uses a combination of data-driven proprietary analytics to incorporate over 110 million homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves more than 18 locations and expanding. HomeUnion®’s role spans the lifecycle of the investment transaction: from identifying sound investments, handling all aspects of acquisition, maximizing income, protecting asset value and selling it when the time comes.
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