Buyproperly - Building wealth through Real Estate
Buyproperly currently invests in both residential buy-to-let investment properties (condominiums, townhouses, semi-detached, and detached houses). In future we would be expanding to commercial properties and to pre-development projects as well.
You can invest through pre-order, current sale or re-sales. Pre-orders are properties that are still under negotiations and have not yet closed in ownership. The final value of sale of these properties for you would be adjusted based on the actual price paid. If any property sale is over-subscribed, we will allow everyone to participate in the investment, but would proportionately scale down the size of the investment in the final value. If a property does not eventually close due to any complications or new information that comes to light your money is returned back to you minus a small marketing fee.
Investing is simple – you create a profile on our website and provide your identity details. Our team will validate the details and allow you to invest in properties you choose. No single investor is allowed to invest more than 49.99% of the total property value.Our investments are meant to be an alternate supplemental income. Real estate industry is subject to market risks and we do not want our customers to be over exposed market risks.
The minimum investment requires is $2500. The maximum investment will depend on the investor eligibility based on Securities Commission guidelines. To protect our customers we may limit the amount of investment to a certain percentage of their annual household income.
Onetime costs: As with individual property purchase, there are purchase costs such as stamp duty, legal fees, survey and home inspection costs, title insurance one-time costs. These costs or their estimates would be known at the time of investment.
BuyProperly Fees: We also have ongoing costs for advertising, letting, managing and maintaining the property on an on-going basis. We charge a fee of 1.25% + VAT on the Asset under management value.
You can pay through debit cards, interac or online bank tranfer
As an investor in Buyproperly, you would have access to following information on website and app
No. Real Estate investments are subject to market risk and we recommend you treat it as an alternate investment and not put entire savings into BuyProperly
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