Sign in to follow this  
Followers 0
cobran20

BRICKX offers fractional ownership of residential property for investors

3 posts in this topic

Is this a sign that a top in the market is close?!  :wacko:

 

link

 

 

... Online investment platform BRICKX lets investors own a piece of residential property for as little as $100 – an Australian first. BRICKX buys properties and then divides the ownership of each property into units, which are called "Bricks". A property purchased for $1 million, for example, is divided into 10,000 Bricks worth $100 each...

...Bricks are bought and sold on the platform with buyers and sellers bidding; similar to how shares are bought and sold.BRICKX investors receive rent in proportion to the fractional interest they have in the property....

Edited by cobran20

Share this post


Link to post
Share on other sites

The guy who runs this is a serial entrepreneur and has co-working space. I know a few people that know him. Seems like a logical extension of other micro-investing platforms, eg Acorns.

 

Disclaimer: I bought 1 brick in their cheapest property the other day >.>

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0