Apartment by the sea and profitable real estate - the dream of every person, but not always our capabilities coincide with desires. Earlier, GEOLN.COM experts compared the conditions of property ownership in Spain, Greece, Bulgaria, Thailand, Turkey and Georgia - read here. And they came to the conclusion that it is easier and cheaper to purchase real estate in Georgia than in other countries of the world. Nevertheless, even with this in mind, not everyone has finances to purchase the desired apartment. At this point, many begin to consider the option of buying a home with mortgage or with installment plans.
Cons of purchase with mortgage or with installment plans
- The apartment becomes the property of the owner only after a few years (after paying the full amount).
- Within several years, quite impressive amounts will leave the family budget monthly to repay a loan or installment plan.
- If at some point you cannot make payments, then the apartment will be alienated without compensation for the costs of the borrower.
- Several years that will pass before the final settlement of the apartment, you will be in constant financial and psychological stress.
What is crowdfunding?
This is a unique opportunity to buy an apartment collectively - together with several other investors. At the same time, each of the invested equity holders is a full-fledged owner of the apartment.
Real estate crowdfunding is a voluntary association of a group of people, a team that combine their finances with the aim of jointly buying real estate.
Crowdfunding for a real estate buyer is an affordable way to purchase profitable real estate, using special Internet platforms, together with other investors. A distinctive feature is an affordable, low entry price, as you purchase real estate collectively.
After the full payment of your share, you officially become one of the owners of the apartment.
GEOLN.COM became the first platform on the worlds stage and, in particular, in Georgia, which allows transactions to acquire real estate according to the crowdfunding model online and remotely, allowing you to find real estate that is sold according to such a model.
Crowdfunding is the ability to start investing with small amounts and affordable budgets
By spending the minimum funds, you get the opportunity to use your crowdfunding-real estate (for example, an apartment by the sea) not only for your own residence during the vacation period, but also for renting it out both independently and through the management company. Due to small investments, the payback period is higher, and the ability to enter the project is more accessible, since you do not need an amount that would cover the cost of the entire apartment. It is enough to have a small budget and readiness.
An additional advantage of acquiring a crowdfunding model is that you do not need to collect a group of investors. Investors independently gather on the real estate search platform GEOLN.COM
Real estate crowdfunding from GEOLN.COM
The real estate search engine GEOLN.COM offers a unique service for the real estate market - a crowdfunding purchase. We have already prepared everything for you!
- We created a search platform for real estate, where there are many objects with the possibility of collective investment. In the price selection column, simply indicate - crowdfunding and you will be offered objects for crowdfunding.
- We picked up reliable and trusted management companies guaranteeing income.
- And we gathered a group of investors who want to make collective purchases in real estate together with you.
The process of searching for real estate objects to buy by crowdfunding.
Step 1 - Select the price column and then crowdfunding in the filters on
How to find real estate available for crowdfunding?
Step 2 - Click the Find button and select the object you like on the page of search results.
Select the object you like from the list of search results available for purchase by crowdfunding.
Step 3 - Leave a request on the project page and follow the procedure led by the project manager of the developer company.
GEOLN.COM is the first real estate search platform where you can find objects for acquisition according to the crowdfunding model. Only proven, most profitable and reliable offers from developers are collected.
Crowdfunding conditions from geoln.com
- The main terms and conditions for the acquisition of real estate according to the crowdfunding model.
- The procedure for searching for an object is carried out on the international real estate search engine geoln.com, since here is already all verified real estate and objects for collective investment are selected.
- Legal support of the transaction is carried out by geoln.com experts.
- The amount that each investor contributes to the general financial fund is the amount indicated by the developer or seller.
- Each owner can live in an apartment for 20 days a year. The schedule is compiled according to a cyclical principle, to coordinate all the nuances with your manager or on the project page posted on www.geoln.com
- Days of residence can be changed by agreement with other owners through the personal online office. To do this, you need to request an exchange for the period chosen by another owner, if he agrees, the exchange will take place.
- In the apartment you can not only live yourself, but also rent them out. You can independently rent an apartment for 20 days a year assigned to you, and get personal profit. 7. You can sell your share at any time without coordination with other apartment owners.
- In case of damage to the property, the damage shall be compensated by the owner who lived in the apartment during this period. In other cases, the management company is responsible for the preservation of property.
- Payment for maintenance and utility bills is made by the management company, money is taken from funds from rental income. Each owner pays utility expenses for the period of his residence on his own - either at the reception, or through an online office at a rate of 50 cents per 1 sq.m.
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