BitOfProperty peer-to-peer crowdinvesting platform overview
BitOfProperty is a blockchain based real estate crowdinvestment platform,making property investing affordable and increasing liquidity of the investments. The company is headquartered in Singapore and has a subsidiary inEstonia.
BitOfProperty is on a mission to bring real estate investing closer to people. Due to typically high minimuminvestments, many people are unable to personally invest in real estate as an asset class. Additionally,real-estate can often take more personal involvement through the cycle of renting out a property.BitOfPropety’s goal is to provide everyone the ability to invest in real estate.
If you invest for the first time at BitOfProperty don’t forget that you can get € 10 signup bonus to make your first investment, more details HERE.
All assets available on BitOfProperty are carefully screened and evaluated internally prior to listing on the platform. During the evaluation, the team of BitOfProperty will assess properties from a technical, financial and also legal point of view. When the criterias are met and support the property to be listed, the investment term period is set and the property is made available on the platform.
Investing
In order to make investments on BitOfProperty platform you need to verify your profile and add funds to your account. If your verification has been approved by the platform, you can go and explore properties listed and start making investments.
All properties are available for browsing on the Properties page. Clicking on a specific property will take you to an individual property page where you can find more detailed information, such as pictures and description, monthly distributions, capital allocation and all other supporting documents for the investment opportunity. BitOfProperty wants to ensure that you have all the necessary information to make an informed decision.
If you decide to invest in a property, make sure you have verified your profile. After successful verification, follow these steps:
1) Top up your Wallet using a wire transfer with at least the amount you would like to invest. Instructions for adding funds can be found in the Wallet page.
2) Invest either in an ongoing crowdfunding campaign or buy available shares the investors are selling from other properties.
There is no minimum investment amount set, as this may vary depending on the lowest share prices available on the market. Also, there is no cap on the maximum investment amount this is dependent on the maximum amount of shares available on the platform.
Before making an investment, you need to transfer money to your account on the platform. Once the money is on your platform account, you can choose a property to invest in. For the crowdfunding deals, the amount invested will be reserved at first and when the total investment amount is reached, the amount will be transferred to SPVs bank account by BitOfProperty and the property acquisition will be carried out. For the over-the-counter marketplace deals, where you buy shares from other investors, you would have to fill out a Buy Order. Before that, make sure you have sufficient funds in your Wallet. Once a matching sell order has been found, BitOfProperty will contact you directly to complete the transaction.
If the investment amount of the campaign is not reached, the money is sent back to your wallet and you can use it to invest in other investment opportunities or transfer it back to your personal bank account.
When you make an investment, your share will be calculated by dividing the amount you invested with total investment amount of the deal. Both monthly rental income and capital gain will be distributed according to the share you own in the property. Rental income will be distributed every month, whereas, capital gain will be distributed in the end of the investment term. If you sell your share within the investment period, you will receive capital appreciation on your share earlier, assuming that you were able to sell the share with a profit.
Investment term for the opportunities is usually between 3-5 years. The investment term can be shorter or longer, depending on the situation of the real estate market.
Fees
There are no transaction fees for the investors.
Investors are only charged with the Management Fee of 10% from the rental income. In case there is a vacancy period with no rental income, the Management Fee will not be charged.
