As millenial real estate investors, we were frustrated by how difficult it has become to purchase rental property in cities like SF where prices have skyrocketed. The next best approach we thought was to explore investment homes in other cities.
We spent the next few months learning how to buy rental properties remotely, consulting books, tax laws, agents and investors to understand how to maximize our returns. At the same time, we found we weren’t the only ones who had an interest in buying quality, but affordable real estate.
In order to help save people both time and money, we built Piece ( trypiece.com ), a platform where people can hold shares for as low as $500 across different rental properties and start receiving rental income instantly.
These are the key benefits of buying shares from us: Entirely Passive: You don’t have to invest any time at all to your investment and the process is totally hands-off. We handle everything including finding tenants and property management. Liquidity: After a 3 to 6 month holding period, you can freely sell shares back to us or others. Ability to choose specific homes: We give people the freedom and ability to choose specific homes in a given market. Ownership growth: You get the benefits of a mortgage without taking the risk of a loan. For e.g., if you initially own 4% out the 40% down payment in a home, over time your shares will grow as the principal is paid down. High Cash Flow returns: We spent a lot of time trying to find high yield properties to maximize our cash returns. Tax Deductions: You can deduct items like property depreciation from your taxable income each year.
If you’re interested in participating in our beta, please check out our site and reserve shares in one of our homes: trypiece.com. We’re also eager to learn more from the HN community about any feedback they have or past experiences in buying investment properties. Happy to also answer any questions directly at [email protected]