Investing in real estate can be a costly and involved process and often requires a large downpayment. Enter BuyProperly, a new online platform that allows any Canadian investor to add real estate to their portfolios. We spoke with the team behind BuyProperly to learn about how their making real estate investing more accessible.
BuyProperly is an online exchange for fractional real estate deals. It allows people to have real estate investment without having to pay large minimum down payments, and without taking on a mortgage.
The idea came from my own personal struggles dealing with property purchase and investment. Having graduated with a huge student debt myself, I am quite wary of taking on additional debt but wanted to own real estate. Looking around, I realized there are a lot of people in the same boat.
The investment process is simple and completely online. You sign-up, provide details (for KYC/ AML checks etc.), choose the property you want to invest in and click buy and proceed to payment and your investment is done. You receive net rental income in proportion to your investment, and when we exit the property through sale, a share of the sale price in proportion to your investment. In the background, of course, we run checks and make sure the investment is suitable for you.
Currently, primarily residential in Canada.
Yes, we are looking to add other types of real estate such as commercial, pre-construction to the mix, and expand also in terms of locations.
Everyone should have some real estate in their investment portfolio so as to diversify their investment risks. Real estate private investments are not correlated to stock markets, are less volatile and are also a good hedge against inflation. For example, when stock markets fell by up to 30% in Jan/Feb, real estate stayed almost stable with limited movement.
Customers who do not have the huge down payment required to buy real estate, and those who want to avoid the operational hassles of being a landlord benefit most from our platform, where we make investing in real estate as easy as ordering on Amazon.
While we are very popular amongst millennials, we are equally popular among busy professionals who do not have the time to do the analysis and manage operational hassles.
BuyProperly is working on quite a few AI initiatives – we leverage AI for sourcing of properties, i.e. for identifying the right properties to invest in. We are also working on leveraging AI in other parts of the process and in property management.
We are working towards building a secondary exchange (marketplace) that allows people to trade their shares from their real estate portfolio like they would trade stocks and hence provide an easy exit option for our customers. We are growing BuyProperly in Canada, and are looking to enter the US market, so Canadians can invest both in the US and Canada at the click of a button.
Rating of 4/5 based on 5 votes.
Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
Build credit while spending money with the Refresh Financial VISA card.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.
