Real estate startup Realized raises $6M in capital

September 29, 2019
Share this Post: 

When it comes to selling and investment property, big capital gains tax bills are something to keep in mind.

The Internal Revenue Service (IRS) lets investors defer this tax if they take the proceeds from their sale and invest in a similar property of equal or greater value. This is called a 1031 Exchange.

In theory, it’s simple. In practice, it can be extremely tricky to line up the right deal —and documents — in time. (The IRS is involved, after all.)

Austin-based real estate startup Realized is making these exchanges easier. The wealth management company created a user-friendly online marketplace where investors can browse qualified properties to meet the tight 45-day time limit on their 1031 Exchanges. 

The company announced it raised $6 million in Series A funding, led by Los Angeles-based Calibrate Ventures. Minneapolis-based Rice Park Capital also participated. 

Realized may not be for the average bear (eligible individuals must have an income of $200,000 or net worth in excess of $1 million), but it offers a suite of support services to accredited investors that remove some of the hassle from the multi-step 1031 process. 

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Summit 2019

September 29, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 147091049
Housing.com To Hire 200 People In Market Leadership Push

Housing.com will hire up to 200 staff in fiscal year 2023 as it aims to establish itself as India's leading...

Read More
Propertyguru For Business Skyline Singapore
'Guided by Guru' - PropertyGuru Outlines New Brand Positioning

The Southeast Asian real estate portal operator PropertyGuru has announced a 'brand repositioning' and has introduced a new umbrella brand...

Read More
Shutterstock 1958725735
Spotahome Tells Staff That It Expects Another Round of Layoffs

Madrid-based on-demand rentals specialist Spotahome has announced it will go through another round of layoffs, weeks after firing two senior...

Read More
Homely And Ptg Skyline
Aussie Portal Homely Integrates with Proptech Group's VaultRE and Eagle CRMs

Australian challenger portal Homely.com.au says it will be easier than ever for agents to list in more places after announcing...

Read More

Editor's Pick