Accruit Blog

Accruit Focuses on Accelerating Growth with Addition of Industry Marketing Veteran to its Advisory Team

DENVER, CO – Accruit, a financial technology company that manages more than $8 billion in money flow annually, has engaged Larry Drury of Drury Marketing Group to lead the company’s marketing efforts as it expands its services and accelerates its growth. Drury has over 25 years of marketing experience across B2B and B2C business models in multiple industries with a focus on high-growth, financial technology companies.

1031 Training Session at David A. Noyes Wealth Advisors

Accruit's Jordan Born and Cantor Fitzgerald Capital's Peter Svach present an educational session on 1031 exchanges at David A. Noyes Wealth Advisors in Chicago to real estate attorneys, brokers and investors. The topics include Section 1031 exchange requirements and benefits and Accruit’s Exchange Manager platform.

Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

DENVER, CO – Accruit, a financial technology company specializing in escrow and 1031 exchange services, today announced the general availability of its fifth major release of its Exchange Manager application that makes tax-deferred exchanges of real estate safe, secure and simple for both clients and advisors. With this unique app, investors and advisors can more easily participate in 1031 exchange transactions that provide increased cash flow of up to 40 percent of asset sales.

2018 Energy Insight Conference

Accruit joins participants from all segments of the oil and gas supply chain industry to discuss the role of escrow in the recovery of surplus and idle assets at the 2018 Energy Insight Conference.

Real Estate Transaction Basics

A real estate transaction can be a perplexing process no matter if it’s large or small. The precise procedures and professionals pushing paper appear puzzling regardless of whether the transaction qualifies for a tax- deferred exchange under Section 1031. While there are many legal and financial aspects that revolve around the purchase and sale of real estate, the closing of a real estate transaction should not be an adversarial process. No useful reason exists to think of or treat a closing like litigation although it does happen. Everyone involved needs to work together in a cooperative way to consummate the deal. Real estate law is a function of locality and custom in many respects; however, we will generally review some commonalities in the closing of a real estate transaction.

FEA Meeting with Representative Raja Krisnamoorthi

On Friday, March 30, Accruit's Martin Edwards and Jordan Born joined other members of the Federation of Exchange Accommodators (FEA) in a meeting with Rep. Raja Krishnamoorthi (D-IL-8) to discuss 1031 like-kind exchanges and their value to economy.

The John Marshall Law School Careers in Real Estate Law Program

The John Marshall Law School in Chicago, Illinois hosted a Careers in Real Estate Law program on Thursday, March 29, 2018. Jordan Born, Associate General Counsel for Accruit, was a panel speaker at the event in which alumni of the LL.M. Real Estate program discussed their career paths and practice in Real Estate Law to both J.D. and LL.M. students. It was a great opportunity to espouse the services that Accruit provides to the attendees and Director of the Center for Real Estate Law, Professor Celeste Hammond. Jordan enjoyed being a part of the discussion and looks forward to future informational sessions and panel discussions through The John Marshall Law School Center for Real Estate Law.

1031 Tax-Deferred Exchanges as an Important Estate Planning Tool

There are many factors which motivate taxpayers to complete tax-deferred exchanges when selling real estate. Such considerations can include:
  • Consolidate many properties into fewer properties
  • Diversify fewer properties into more
  • Trade appreciated low cash flow property for high cash flow property
  • Maximize ability to borrow against properties using bank funds rather than owner’s
  • Trade for higher basis property to take advantage of depreciation deduction
  • Acquire property closer to owner in the event of relocation

Crowdfunding Part II: Regulatory Review

In Crowdfunding Part I, we covered the basics of crowdfunding, including the definitions of common types of crowdfunding, including equity, debt, donation and reward crowdfunding structures. In this installment, we’ll explore some additional regulatory detail, focusing on equity crowdfunding and Title III of the Jumpstart Our Business Startups Act (JOBS Act) and Regulation Crowdfunding.

Infographic: Requirements for Identification of Replacement Property in a 1031 Exchange

The ability to defer taxes through a 1031 like-kind exchange is a valuable taxpayer benefit, but to receive this benefit, the rules pertaining to identification and acquisition of replacement property must be strictly adhered to or the exchange will fail.
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