Through the grace of Jesus Christ, this Earth will continue to populate and prosper. Currently, the human population is increasing by roughly 1.1% each year or by 83 million people. Theoretically, an increase in population will naturally cause the prices of real estate to increase. Until now investing in real estate has been an action not available to the masses. Investing in real estate has been a long-term investment that requires a substantial amount of upfront cost and routine maintenance. Depending on the state or country during Covid-19 tenants were not allowed to evict renters for unpaid rent. This caused tenants to get backed up paying their own mortgages or loans. The old way of owning and leasing real estate is very taxing and stressful. What if there was an option for people to invest in real estate for as little as $50? What if you could invest in a real estate property and share your portion at any time? What if you could own property and not be the sole person responsible for fixing property damages or deciding when to raise or lower rent prices?
Lofty is a business that uses blockchain technology to tokenize real estate for as little as $50 a share. Lofty uses the Algorand blockchain which helps the company build a scalable tokenized real estate marketplace. The company uses artificial intelligence (AI) to decide if a property is worthy of being listed on its marketplace. With the help of AI lofty determines if a property is worthy of being listed on its marketplace. Once the property is listed on its marketplace the price of the property is split up into $50 shares, these shares must be bought for the house to be sold. One person can’t buy more than 10% of any property. All properties have a property manager in place and investors start earning rental income the first day they buy a share. Once a property is sold Lofty turns the ownership of the property into an LLC. Each shareholder can vote on a certain issue such as raising the rent or replacing equipment.
In terms of investing diversifying your portfolio is essential. Lofty gives people the opportunity to invest in a passive income project which should build capital. I have spoken about the dangers of inflation and real estate is seen as an action people can take to fight against it. Lofty is a new company attempting to change the world, their marketplace is currently only listing properties in select cities. In the next several years their marketplace will grow and continue to add different types of rental properties. Lofty is an example of how blockchain technology can fit into our real world and give our world added value. Please remember, that you can invest in a property for as little as $50 and receive daily dividends from your renter’s monthly rental payments.
