Diversify your stock and crypto portfolio with liquid real estate assets. Join thousands of investors who earn 8-25% from the global property market. Get paid every month. Buy & sell any time.
Hey! 👋
I’m Alex, co-founder and CTO of Proptee. I’m super excited Proptee is on Product Hunt!
This is a big milestone for us on. Our mission is to bring real estate investing to everyone and starting from today, we're one step closer. Thank you for your support! ❤️
Building Proptee with a small team wasn't easy, but thanks to the core team (shout out to @ben_toth, @rob_kfox, @gergely_toth3), our 5 advisors and our early community, we made Proptee a reality.
P.S. We were #3 on Hacker News: https://news.ycombinator.com/ite... 😬
Let me know if you have any questions about:
- how we built a trading engine + order book from scratch in only 1 week
- how Proptee connects people to the global property market
- how we built our in-house blockchain integration for deposits
- where we see Proptee in 5 years
- what we do better than the competition
-Alex
Hey @ahmet_novalic, look time no see! How's it going?
Sure!
Did you mean the blockchain integration for deposits or for splitting properties into fractions that we can list on the exchange?
@aluxian & team, I love this idea! As a real estate investor myself, the challenges are numerous when it comes to financing, renting, upgrading, maintenance, etc. The fact that with Proptee you’re able to focus only on the APY and returns is a game changer. Great execution!
A few questions come to mind -
-Currently, how do you go about building Proptee’s real estate portfolio?
-If a property is sold, what happens to your investment?
-How quickly can you exit your investment?
-Does another user purchase your share or does Proptee take control of it?
-How do you determine the rental prices?
-What happens if a renter does not pay?
@nenadee Thanks Nenad, great feedback!
-Currently, how do you go about building Proptee’s real estate portfolio?
Stage 1: Right now, we work with real estate funds and crowdfunding companies (e.g. Housers) to list their assets on Proptee. This helps us scale the platform and offer multiple types of investment opportunities without sourcing properties ourselves.
Stage 2: We will source and list our own real estate assets with additional products, such as REITs. We already have 3 property experts as advisors/partners in our team who have sourced 500+ properties at their previous jobs.
-If a property is sold, what happens to your investment?
1. Investors are asked for their vote.
2. If the decision is approved, the sale date and approx price is announced.
3. When it's sold, all fractions will convert to cash depending on the sale price.
4. Between (2) and (3) investors still have time to buy/sell their fractions.
-How quickly can you exit your investment?
Proptee’s markets are quite liquid – 95% of orders execute instantly, under a couple of seconds. In the future we’ll encourage market makers to trade on the market. Similar to a stock market.
-Does another user purchase your share or does Proptee take control of it?
When you sell, we match your sell with another investor willing to buy — Proptee runs a fully functional trading engine in the backend, so you’ll be matched with the best bid from the order book (assuming the two prices overlap). If they don’t then you’ll see that you have a pending order — waiting for execution.
-How do you determine the rental prices?
In stage 1 we rely on our partners to determine the best rental prices.
-What happens if a renter does not pay?
Same as with a buy-to-let, as an investor you don't get paid for that particular month. Later on we'll add opt-in insurance so investors pay a small fee but all the rent payments are guaranteed.
@nenadee Thanks! We're always here to help whenever you have any questions :)
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Hunter
Our view on investing in real estate will most probably change dramatically in the future. What if we don’t have to buy a single property for the rest of our lives but instead buy fractions in several properties, giving us more choice and a better way to value what to invest in?
My former founder Alex, who is among the most outstanding developers I've ever met, founded this business with his new co-founder Ben to build a platform for young folks like them who are now asking:
> Should I get a mortgage and get trapped for 30 years, or should I start investing fractionally and build up my portfolio with time but keep my freedom in the process?
First of all congrats for the app and the idea itself, but one question: Can the price of a fraction flactuate ? If so, what influences it, is it like in the stock market?
Hey @alex_zaharia16! Yes, prices can fluctuate the same way as on the stock market. They're driven by the market. We also run an independent valuation on the properties every 6 months to make sure that the prices on Proptee and IRL are close to each other.
Hello Product Hunters 🙌
This is Ben from Proptee, we’re excited to launch Proptee’s fractional real estate exchange to the Product Hunt community officially!
To celebrate, we're giving free fractions to everyone who signs up 🎟️🥳:
https://proptee.io/invite?c=v26x...
TL;DR
Proptee makes it easy for anyone to invest in the global real estate market starting from only 1 EURO.
Proptee offers:
- Real estate listings from multiple locations
- Different asset classes – rental properties, development loans, mortgage pools, metaverse coins
- €0 commission and no ID verification up to €1,000 invested
- Liquid markets – 95% of orders execute instantly in a couple of seconds
🤔**The problem**
Building a real estate investment portfolio requires huge upfront capital and constant management. Moreover, exiting an investment property takes a long time ~ 6 months.
✨**Proptee’s solution?**
1. Create NFT of property deed
2. Fractionalise the NFT into fungible tokens (fractions)
3. List fractions to the Proptee exchange
📱**Loved features**
- Weekly/monthly rent reward payments
- Free crypto deposits on Polygon and Ethereum
- 0 commission up to €1,000
- No document verification up to €1,000
- Commission-free metaverse investing
Go check out the future of real estate investing and start profiting like a landlord.
We appreciate any comments or feedback, please let us know what you think about Proptee!
Getting on the property ladder is near impossible these days and this has been a huge wealth maker for generations.
Now this Proptee make this open to all. Great work
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