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I saw a startup tweeting yesterday about a shared investment. The gist is that instead of investing in stocks and shares, you put your money into property and
by buro9 12y ago
I saw a startup tweeting yesterday about a shared investment.
The gist is that instead of investing in stocks and shares, you put your money into property and a shared structure gives you some % of the property in question. The startup actually owns the property, and there is some legal allocation of your portion, and they offer the means to exit your share of a property without the property itself needing to be sold... your share just gets sold to the next investor.
As a startup I can see this working, as an investor I could see this working, as a resident in London I'm frankly appalled.
- prostoalex 12y agoThis has been around, if you buy the house under LLC, you can divvy up the equity whichever way you want it. How's liquidity provided when there's no "next investor"?