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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyguru Board Room
PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Southeast Asian property portal operator PropertyGuru has announced the appointment to its board of REA Group CEO Owen Wilson. Wilson...

Read More
La Haus Queretaro
La Haus Growing Fast and Looking to Add Financing Products

Colombian PropTech startup La Haus has expanded to another Mexican city and is looking to increase the financial solutions it...

Read More
Rae Group Mortgages
REA Group to Consolidate Mortgage Brokerage Offering Under One Brand

Australian portal operator REA Group has announced that its mortgage brokerage business will operate under one brand. In 2017 REA...

Read More
Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More

Popular News