Hello. Interested in the given project. There's silence. Is this project still alive? He has no news for you.
Your coins will be tied to a particular real estate object. Or will it be like a fund for the subsequent purchase of real estate?
Your tokens will be used against the purchase of an asset which will be formed as an SPV company. So while backed against the hard asset, it is a fund structure as there is no transparency in token holder information to include on ownership docs they will be held in an SPV which will repay profits back the investors through ETH
Thanks for the answer. What criteria will you have for selecting real estate?
We have strict set of parameters when selecting real estate but they key is that we buy at 45% below open market value after refurb completed.
We filter out suitable opportunities and then we do due diligence with a 3rd party provider in that territory
Anything else let me know
Do I understand correctly? You get a property, then repair it and sell it? Is the token cost increasing and paying off?
No that is not correct. Check out the white paper for more info on this but we buy property typically with planning in place or outline planning agreed and we develop the property to add value
An example would be a large building with 12-15 rooms. We would convert this to 4 or 5 apartments with individual title deeds to add value
The silence is just us not spending too much time on this thread as unfortunately it got trolled. We are available for questions at all times on email but we prefer to communicate like grown ups so reach out any time for clarification on any thing
Thanks