What is BitOfProperty?
BitOfProperty is an alternative real estate investment platform, where you can buy & sell pieces in real estate that generate rental income every month.
The value BitOfProperty is bringing to you is filling the gap in real estate crowdfunding industry by providing an opportunity to diversify capital into stable cashflow generating properties.
Similarly to a stock exchange, where you can buy shares in the companies, BitOfProperty allows you to buy pieces in real estate. After investing, you can earn passive income every month in a form of rent and take advantage of the property price movements when the value of the property increases.
Every month rental income is added to your account on the platform. You can then choose whether you wish to reinvest it or withdraw the income for personal use.
Exiting an investment is easy, you just set the price and list your shares back on the marketplace for other investors to buy.
Getting started with BitOfProperty requires just a few steps, here’s how it works:
1. Sign up
To create a free account, simply click on the „Sign up“ page and provide us with your full name, email, and password. Next confirm your email by clicking the link in the email received, and your personal BitOfProperty account is made!
2. Profile verification
Profile verification is a mandatory procedure needed for „Know Your Customer“ (KYC) purposes to help us identify investors and assess any potential risks of illegal intentions such as money laundering. Users will not be able to invest nor transfer funds to their account until their profile is verified. Once you have provided us with your details, we will send you an email regarding whether the verification was successful or not.
3. Add Funds
As mentioned, you will be able to start transferring funds to your wallet once a successful KYC procedure has been carried out. You can deposit money by clicking „Add funds“ on the platform’s header. You can always track your funds, money invested, income received, and reserved investment amount on „My Wallet“ page.
When you make an investment, your ownership will be calculated by dividing your investment amount with the total investment amount of the property. All purchases are held in line with industry best practices and transacted across the Ethereum Blockchain providing immutable record of ownership and bringing more safety and transparency to the deals. You can always track your investments on the „Dashboard“ page.
We source our properties from individuals, real estate agents/brokers, advisors and key partners, giving you the opportunity to invest in residential properties. BitOfProperty will do thorough due diligence process for all properties in order to make sure only the best ones are put on the platform. The process includes a technical inspection and financial calculations to understand the condition of the property and estimated returns. Each individual property page has information about the particular project that will serve you as guidance to making your decision regards to investing.
5. Receive income
According to your ownership in the property, you can expect to start receiving monthly rental income on the first business day of every month, as well as capital gain at the end of the investment term once the property is sold. Rental income is calculated by days. For example, if you own a piece of property for 15 days in a given month, then you will receive rental income for the respective 15 days.
6. Exit investment
There are two ways how you can exit your investment – sell your shares or wait for the property to be sold. If you wish to sell your shares, then you can simply do it on the ”Dashboard”. You just need to set the selling price and the amount of shares you wish to sell. Other investors see your sell request and can act on it. Second option is to wait until the property gets sold and earn rental income during the whole period.
BitOfProperty is backed by Singapore VC, Spaze Ventures, and publicly listed real estate listing site in Japan, LIFULL Co. Ltd. For more information, please visit our statistics page and we strongly encourage you to familiarise with the risks.
If you have any questions or concerns, please feel free to reach out to as at firstname.lastname@example.org. We are here for you sake and nothing else!