All Forum Posts by: Brandon Beller

Thank you very much for your response. however, I have another question: 

I know that if I would like to invest in privately traded REITs, I would have to pay yearly fees like management fees and what not. The question is are there any fees when I invest in publicly traded REITs? Thanks, Nathan

 The main reason why I am wondering why it is so successful is becasue everyone who I talk to (including you and people in this thread) thinks that this is a bad idea. Do you agree?

 That was what I was originally thinking. To my understanding, the decisions will all be made by the many owners who will vote on the decisions. A 60% agreement must be reached for the decision to be made. After the decision is made, it will be sent to the property manager to execute. Lofty.ai is apparently just a marketplace. Turns out pretty much everyone who has invested using Lofty.ai has made money. What I am trying to figure out, is why this platform/marketplace is so successful? 

 Lifty.ai*

 The nam 

I have personally talked to them. This is what they said: . We're a marketplace that connects buyers and sellers. As a buyer, you're obligated to actively manage your own investments by voting in a governance program with other owners. This is not a passive investment like a REIT. Lofty does not make any management decisions on your behalf and we have no ability to affect the income or appreciation generated by the underlying property.

This is equivalent to you purchasing a rental property with a few of your family members or friends and collectively managing it together. This type of real estate investment is one of the most common forms of real estate investing in the US and has historically never been regulated by the SEC.

The only laws and regulations that apply to these types of transactions are local city laws regarding the underlying property, anti-money laundering laws for general real estate transactions, and tax laws around real estate properties and income. As a result, we do not to be regulate by anyone. This Sounds fishy to me. What do you think?

 Its a startup. Not a person.

Hello fine people of BiggerPockets,

I recently stumbled upon a startup, which is far as I can tell, looks similar to something like a Fundrise, just using the blockchain and tokenized real estate shares for cheap, and I’ve been contemplating getting into it. I have a feeling that this is a scam, but they have been able to secure venture funding however.

However, I have some questions for those of you who know more than I do. For one, is my assessment of what it essentially is accurate, or am I way off base? Also, do any of you have any first hand experience with them/stories you can share? I want to make sure I’m not getting involved in some sort of scam before I spend any fiat on it. Thank you all in advance for the replies, and hope everyone had a fantastic Saturday!

Hi all,

I have an interesting post. A friend told me this morning that there is now a platform that allows both non and accredited investors to invest in blockchain secured commercial real estate for only $50. It seems interesting, but I don't understand how it works. why would they be limiting the sign-ups to 5000 people? 

Im confused. Is this a scam?

Let me know your thoughts.