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Description
Lofty allows sellers to submit their property for sale. Based on factors such as occupancy status, condition, location and rental history, the property is approved or denied. A new LLC is formed to contract the property once it has been approved. The tokens of the LLC are then converted into individual tokens worth $50 on the Algorand Blockchain. A professional property inspector will inspect the property and prepare a report. If repairs are required, the seller will either make them before closing or credit the LLC. The property is available for sale on the Lofty marketplace. After the property has been fully funded, the LLC will close the Title Company on the property and the deed will transfer to the new LLC.
Description
Fractional real estate investing fosters an environment that is inclusive, collaborative, and free from hassle. You can easily involve your friends or tap into our extensive network to propose, collaborate, and pursue co-investment opportunities while saving time and money by a factor of ten. Whether you choose to search for investment properties as a group or explore options presented by other investors within the fractional network, there are ample opportunities to connect and learn from our community. Our tailored co-ownership legal agreements and a secondary marketplace enhance liquidity options and provide a robust framework for collaborative decision-making. We take care of all aspects related to property acquisition and administration, which includes incorporation, setting up bank accounts, financing, closing, property management, and much more, thanks to our partner network. Moreover, fractional owners benefit significantly, earning 40% more than those involved in REITs and crowdfunding due to substantial tax advantages associated with genuine real estate ownership and the absence of annual fees. This unique approach not only empowers investors but also creates a dynamic ecosystem for shared growth and wealth creation.
API Access
Has API
API Access
Has API
Integrations
Axis LMS
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Lofty AI
Country
United States
Website
www.lofty.ai/
Vendor Details
Company Name
fractional
Website
www.fractional.app
