Announcing The Winner of Our Financial Literacy Scholarship (Spring 2022)
We are awarding $750 to a student every semester. All you have to do is show us how financial literacy has made a difference in your life.
Rather than parking any extra money you may have in a low-interest savings account, there are various investment channels out there to help you build wealth over time. In particular, real estate has long been a lucrative way to invest money. Not only can you create regular cash flow through rent, but you can also take advantage of the appreciation in the value of the property you own.
But buying real estate requires significant capital, which many Canadians simply don’t have available. Fortunately, a lack of sizeable capital doesn’t have to stand in the way of investing in real estate thanks to investment platforms like addy.
Let’s take a closer look at addy to help you decide if this is an opportunity you may want to invest your money in.
addy was created by a group of industry professionals and tech-savvy individuals who recognized the difficulty of getting into the real estate market. With home prices through the roof, affordability issues are a real threat to those who otherwise would love to be homeowners or invest in real estate.
In order to solve this issue, addy was created to help even the playing field for Canadians who want to get into real estate without the overwhelming costs and hurdles to overcome to make that happen.
addy is helping people become homeowners through real estate investing with minimal capital, no matter what type of income a person is generating.
The addy mobile app for iOS is available for residents of Alberta, British Columbia, Ontario, and Quebec (must be the age of majority). Users of the app can now get notifications about new investment opportunities directly to their phones from anywhere. This means you’ll never miss out on an opportunity that meets your investment goals.
With the addy app, users will also have access to the newly launched addyverse, a digital version of all the investments you’ve made. Create a name for your digital city, and watch your investments grow as you add to your portfolio.
There are 3 simple steps in the addy real estate investment process:
addy identifies investment opportunities in the real estate market. The real estate acquisitions team behind addy will scan the market and decide which properties would make great investments. Decisions are made only after a rigorous due diligence process takes place.
The value of the real estate investment is divided into equal parts of $1 each. So, a $600,000 investment, for instance, would be split into 600,000 units, valued at $1 each.
Once the real estate investment is equally divided into units, they are each sold for $1 on the addy platform to willing investors. Investors can invest anywhere from $1 to $1,500 per property.
Investing with addy comes with a few perks, including the following:
Virtually all real estate property types are available to invest in with addy, and the one you choose will depend on your appetite for risk. To help you decide where to park your capital, addy has 4 different categories of investments:
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The only cost to invest with addy is the membership fee. There are 2 memberships to choose from, Charter and Believer. Both allow access to all properties, the ability to cancel at any time, and the chance to get details of properties prior to investing.
Why should you invest your money with addy? Here are a few reasons to consider:
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Real estate investing has long been a tried and true way to build wealth over time but it can be far too expensive for the average Canadian to get into. addy helps to break down this financial barrier to make real estate investing available to everyone, regardless of how much capital they’re able to commit.
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