Investing in real estate has always been a lucrative option, but the rising property prices during the pandemic have made it seem out of reach for many. However, there's a new tech start-up called addy that aims to change that perception. With addy, you can invest in real estate for as little as $1 (plus a $25 annual fee). In this addyinvest.com review, we'll explore how this innovative platform works and how you can get started.
How Does Addy Work?
You might be wondering how addy makes real estate investment accessible to all. The process can be broken down into three simple steps.
Step 1: Addy's experienced team, including the acquisitions team, investment committee, and Board of Directors with extensive knowledge in the real estate industry, identifies investment opportunities.
Step 2: The investment is then divided into $1 increments. So, for example, a $500,000 investment would be divided into 500,000 units, each valued at $1.
Step 3: These $1 units are sold on the addy platform, allowing investors to decide how much they want to invest. You can start with as little as $1 or go up to $1,500.
Addy's mission is to reduce the barrier to entry of property ownership to just $1, enabling every individual to become a property owner.
Image source: addy Invest Review
How Much Does Addy Cost?
Addy offers two membership types. Charter members pay $25 annually, granting them access to all properties. There's also a Believer membership available for $500, valid for five years, which provides additional perks.
When it comes to investing, addy allows you to start with as little as $1 or go up to $1,500 per property. The $1 minimum investment is designed to remove any barriers, while the cap on investment amounts ensures accessibility for more investors. If you wish to invest more, you can choose to invest in multiple properties.
When you decide to invest, keep in mind that there are General Partner (GP) fees. The GP is responsible for finding and managing the property. The fees charged by the GP include asset management fees, acquisition fees, management fees, and mortgage guarantor fees. The specifics of these fees are outlined in the Offering Memorandum provided by addy for each property.
How Do I Make Money with Addy?
There are two primary ways to make money with addy.
Firstly, when a property is sold, any appreciation is divided among the investors on top of the original investment principal.
Secondly, rental income generated by the property is distributed among the investors after deducting any expenses. Each investment property has an Offering Memorandum that explains how this works in detail.
Image source: addy Invest Review
How Do I Get Started with Addy?
Ready to start your real estate investment journey with addy? Follow these simple steps:
- Visit the addy website and click on "Invest Now".
- Explore the different properties, compare risks, view photos, and learn about the return schedule.
- Once you've decided on a property, click the orange "Invest Now" button. If you haven't signed up for an account, you can do so next. If you already have an account, log in.
- Once you're logged in and have funded your wallet, you'll be presented with due diligence documents and the Offering Memorandum.
- After reviewing all the information, transfer your funds from your addy wallet and sign the necessary documents.
- Congrats! You're now an investor in the property.
In addition, addy offers a referral program. If you sign up through a friend who's already invested, you can start referring people and earn credits. These credits can be redeemed for exciting rewards such as swag, a mystery box, or even $2,000 in travel credit.
What is Addy?
Addy's tagline is "real estate for everyone." Their goal is to make real estate accessible to everyone, allowing them to experience homeownership without sacrificing their quality of life. CEO and co-founder Michael Stephenson, an experienced real estate investor himself, understands the barriers that young people face today. With addy, he aims to break down those barriers and make real estate investment accessible to all, regardless of income, age, or other conflicts.
Michael Stephenson and co-founder Stephen Jagger recognized the lack of technological innovation in real estate investment and created addy as a seamless platform for thousands of investment transactions. Investment decisions are made collectively by the addy real estate team, investment committee, and their Board of Directors, all of whom have a proven track record in real estate.
What Kind of Addy Real Estate Properties Can I Invest In?
Unlike real estate investment trusts (REITs), addy allows you to invest in identifiable properties. You can see the property's address and even drive by for a closer look. Transparency is a key factor, and you have the freedom to choose which properties you want to invest in. You can explore the available and past investment properties on the addy website.
Can I Sell My Property to Addy?
Addy's acquisitions team actively looks for various property types for real estate investment purposes. You can learn more about what addy looks for when buying a property and the selling process on their website. If you prefer a more traditional selling experience, you may also consider checking out Properly.
Where is Addy Available?
Currently, addy is available to investors in British Columbia, Alberta, Ontario, and Quebec. However, your province of residency does not limit where you can invest. For example, you can live in Ontario and invest in properties in Vancouver. To find out more about the availability of addy in your province, you can visit their website.
Is Addy Safe?
Like any investment, addy comes with its own risks. However, it's worth noting that addy is a co-owner in each property, making it in their best interest to make informed decisions. Their goal is not just to keep customers happy but also to benefit themselves. Treat addy as you would any other investment, considering the risks and potential rewards.
Investing in real estate has never been more accessible thanks to addy. With their innovative platform and commitment to making real estate investment a possibility for everyone, you can now take your first steps towards property ownership. Visit the addy website and start your real estate investment journey today!
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute financial advice or endorsement of addy or any specific investment opportunity. Please do your own research and consult with a financial advisor before making any investment decisions.
