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Description

Ownify is an innovative program focused on fractional homeownership, aimed at making the dream of owning a home a reality for first-time buyers. By collaborating with investors, Ownify allows individuals to enter the housing market with as little as a 2% down payment, giving them a 2% equity share upon closing. This unique strategy effectively positions buyers as cash purchasers, enabling them to cover other essential upfront costs such as due diligence fees and earnest money, which enhances their competitiveness in the marketplace. Participants in this program, known as "Ownis," are required to make fixed monthly payments that are split into two parts: one part is allocated for acquiring additional equity in the property, while the other part addresses occupancy expenses like maintenance, insurance, and taxes. This framework facilitates a gradual increase in ownership for Ownis over time, allowing them to build equity at a steady pace. After a five-year period, Ownis typically find themselves owning around 10% of their home's equity, with the flexibility to either buy the remaining equity at its fair market value or opt to cash out and exit the arrangement. Ultimately, Ownify not only provides a pathway to homeownership but also empowers buyers to take control of their financial futures in a supportive manner.

Description

For the first time ever, global investors have the opportunity to enter the US real estate market through fully-compliant, fractional ownership that is tokenized. This innovative approach utilizes blockchain technology to facilitate the process. The ownership of each property is split among a limited number of representative tokens, allowing owners to earn rental income and participate in property-related decisions through voting based on their token holdings. While real estate itself cannot be directly tokenized, legal entities such as corporations can be utilized for this purpose. Each property is held by a company, either an Inc or an LLC, which is then tokenized into a distinct set of RealTokens available for sale. Additionally, each property is overseen by a property management company that handles all aspects of property management on behalf of the RealToken owners, including tenant sourcing, rent collection, and maintenance tasks, freeing the diverse group of owners from these responsibilities. This model represents a significant shift in how individuals can invest in real estate, making it more accessible and efficient than ever before.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Mesh

Integrations

Mesh

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

Ownify

Country

United States

Website

ownify.com

Vendor Details

Company Name

RealT

Founded

2019

Country

United States

Website

realt.co

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