The real estate market is booming, and so is house flipping — 6.2% of all homes sold in the United State in 2019 were purchased for this reason. With an average gross ROI of 40.6%, it makes sense — house flipping is an extremely profitable investment.
Unfortunately, house flipping is not accessible to the average investor. Between purchasing the house, managing the renovations and making the sale, it is prohibitively expensive and time consuming for most people. With Landshare’s Crowdfunded House Flipping feature, investors can pool their money together and split the proceeds of the sale without any hassle.
How It Works
Landshare’s real estate team will search the market for houses that are optimal for flipping. Once a suitable property is located, funds will be raised using a crowdfunding model to purchase, renovate, and sell the property.
Upon completion of the renovation, the house will be placed up for sale. When the sale is made, investors will receive their initial investment plus their share of the profits. This entire process is estimated to take between 4 and 5 months, although it depends on how quickly a sale can be made.
With a 40.6% average gross ROI and a 4–5 month turnover process, the Crowdfunded House Flipping pools will return unrivaled yields on stablecoin investments. Due to the high yields and limited capacity of these pools, Landshare Token holders will be given priority access.
The Landshare team is currently working on finalizing our platform’s core features, including the Property Vault and Landshare Token. After the platform launches in Q3 2021, the Landshare team will begin the process of identifying suitable properties for flipping and the house flipping smart contract will be added to the platform. Expect this new feature to drop sometime in Q4 2021 or early 2022!
Other Upcoming Features
The Landshare platform will continue to expand after launch, with new features set for 2022 and beyond. Roadmapped features include token governance features and charitable initiatives, both of which will be detailed in future posts. We look forward to sharing the growth of our platform with our community, and finding new and innovative ways to bring real estate to the blockchain.