A recent study shows that 3% to 8% of individuals who listed their homes for sale in September 2024 became accidental landlords by November. This trend may create more opportunities for 1031 exchanges, which currently see less than 10% of eligible real estate deals utilizing the tax benefit. 1031 exchanges allow property owners to defer capital gains tax by reinvesting profits into a new property. Responsive to the outdated nature of this process, Deferred was launched to streamline 1031 exchanges using AI while offering their services at no charge to customers, generating revenue through interest on held funds.
In total, 1031 exchanges represent roughly $100 billion in annual transaction volume, yet less than 10% of eligible real estate deals take advantage of 1031s.
These difficulties were in mind when Schoenholtz created Deferred, a qualified intermediary platform that handles 1031 exchanges.
Deferred has utilized artificial intelligence to automate the documentation process and it does not charge customers for the service.
By making 1031 exchanges more accessible, Deferred will enable every investor to exchange into new properties, revitalizing neighborhoods and fueling economic growth.
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