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Bricksave: democratizing access to investment in the real estate sector
Apr 4, 2023 - Taketonews
The advancement of technology brought with it revolutions in all industries and the real estate sector was no exception. In recent years, the well-known crowdfunding platforms that changed the paradigm of real estate investmentsby facilitating access to a sector that used to be reserved for high socioeconomic sectors.
Bricksave was one of the first companies to work with this modality in Latin America. Co-founded in 2016 by the Argentine Sofía Gancedo, the platform allows anyone, anywhere in the world, to invest in residential and finished properties in the US and Europe starting at just $1,000 and earn estimated net annual returns of between 7% and 9%.
In terms of operation, the Bricksave platform combines more than 3,000 data points to identify potential investment properties, which are presented on the website. Users for their part choose how much and where to invest. Once the financing is complete, the property is put up for rent. After four years, or in the event that the property appreciates 20% before the expiration of that term, it is sold and each investor receives a return of the original amount invested plus the corresponding returns, according to the terms and conditions specified in a contract that is signed before starting the process.
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