IRVINE, Calif., Nov. 14, 2016 /PRNewswire/ -- 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, which gives our clients a competitive edge," explains Brent Abrahm, CEO of Accruit. "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.