Want to help buy an apartment with 99 other people? - ₪10,000 (Multiple locations)
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Crowdfunding a real estate investment isn't a new concept. But it is in Israel.
We are getting together 99 people (well, technically 100 but they say 99 sounds better) to jointly purchase an apartment (with no ownership hassles) and then rent it out. The profit (after deducting insurance expenses and management fees) will be divided out among the investors.
Cost will range between 3000 and 10000 depending on the apartment.
Email to sign up. We can accept horaat keva to divide out your payment over 3 to 6 months or more if you wish. Note: if you divide out your payment, you will not be entitled to income until your final payment has been received.
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