Real estate has taken the investment world by storm. Numerous platforms have been created in the last few years to meet the demand of those wanting to invest.
These platforms are striving to create a place where users can buy, own and manage investment properties with ease. And one company who has succeeded at this is Doorvest.
This Doorvest review will tell you everything you need to know about this relatively new platform.
Welcome to the Revolution
It has been said that Doorvest is revolutionizing the world of real estate investing. They saw a growing demand and jumped at the opportunity.
In 2021, the global real estate investment market was valued at $11444.7 billion and is projected to reach $30575.5 billion by 2031–a CAGR growth a 10.7%. This proves two things:
- Real estate continues to prove that is still a great investment
- It is also a vehicle for building long-term wealth
But why does it seem like everyone is interested all of a sudden?
The Industrial Revolution was a transition from making items by hand to using machines. This real estate revolution is a transition from the traditional route of investing in real estate–a path that you chart on your own and one that often takes years.
Why Invest in Real Estate?
When you look at the past 50 years, you don’t need an Einstein-esque IQ to see the merit in real estate investing. But for those of you who may be very new to this, here are a few reasons to invest in real estate:
- Real estate appreciates over time – We all know how a brand-new car loses at least 10% of its value the moment you drive it off the lot. But the opposite is true of real estate–it increases in value over time.
- Steady cash flow – Perhaps the most popular reason to invest in real estate is because it’s a mostly passive income source. Once the property is owned, the hard work is over.
- Hedge against inflation – We all saw the crippling effects of inflation in 2022. But real estate has historically kept pace with inflation–providing a hedge against it.
In short, real estate can be an anchor in times of such uncertainty. Doorvest understands this, as do countless other real estate investing platforms such as First National Realty Partners.
But we’re focused on Doorvest at the moment. Let’s get into the nuts and bolts.
What is Doorvest?
Doorvest is a relatively new real estate investing platform that focuses on providing service to low and middle-income investors.
They aim to make real estate investing more accessible to everyone by offering low minimum investment amounts, affordable properties and a seamless online platform.
The company was founded in 2019 by Andrew Luong and Justin Kasad, who are both real estate investors themselves. They aim to provide a simple and transparent way of investing in real estate, even for those who have little to no experience in the industry.
Doorvest Review: What We Like
One of the unique features of Doorvest is that they offer turnkey rental properties. This means that they buy, renovate and manage the properties on behalf of investors.
They ensure that the properties are in good condition and generate rental income for the investors. This is a great option for those who do not have the time or expertise to manage their real estate investments.
Another highlight of Doorvest is its innovative approach to real estate investing. They use machine learning algorithms and data analytics to identify undervalued properties that have the potential for high returns.
Doorvest also works with a team of experienced professionals, including contractors, property managers and realtors, to ensure that every investment is optimized for success.
Doorvest’s automated platform also allows investors to track the performance of their investments in real time by providing regular updates on rental income, expenses and property values.
This level of transparency is crucial for investors who want to ensure that their investments are generating good returns.
What We Don’t Like
However, there are a few drawbacks to Doorvest.
First, the company’s services are currently only available in a few states in the US. This limits the potential market for real estate investors who may be interested in their services.
Additionally, Doorvest charges a relatively high fee for its services, which can eat into the overall returns on investment. The first fee is $100 and, unlike CrowdStreet, Doorvest is not a crowdfunding platform. So you will need about $40,000 to get started.
Final Thoughts
Doorvest is a promising platform for those who are looking to invest in real estate but lack experience or time. They offer affordable turnkey rental properties, a transparent and automated platform, and an innovative approach to real estate investing.
Doorvest is a long-term investment and can be a great way to build wealth and expand your portfolio. If that interests you, click here to get started with Doorvest.