Investing with ARRIVED HOMES

[Carol D.]

 Is anyone on BP investing with Arrived Homes?

If so, what has your experience been?  pros?  cons?

Thanks!

[Brian Berry]

I have been investing with Arrived Homes since their inception (September, 2021). I just made my fourth investment with them this morning. 

So far I am very happy with them. My first investment was $500 on a home in Charlotte, NC. Arrived distributes the rental income quarterly. So far I have received $25.50 in income for that property. They estimate my share of the property to currently be worth $657.50. 

Pros:
1. Low initial investment amount ($100 is the minimum purchase)
2. High cash-on-cash return
3. Truly passive income - you make your investment and they handle the rest
4. The company only buys nice, newer homes
5. Easy to diversify
6. Good way to test the waters of an area to purchase homes in before committing to buying property there on your own

Cons:
1. New company with no real track record
2. No control over the investment - they decide when to sell the property. They say their plan is to hold the properties for 5-7 years
3. Currently there is no way to cash out of your investment early. So your cash is locked up until they decide to sell the property
4. Inventory seems to sell pretty fast. So if you find a home you want to invest in, you have to jump on it before it's gone

I plan on continuing to invest with them. I'm essentially investing in one house per quarter. I might double that in 2023.