How FinTech Is Redesigning Real Estate
Maybe you own property, either commercial or residential. If so, you are very likely familiar with the mortgage process and the hassle of dealing with the big banks. Have you been contemplating a new business venture but haven’t wanted to deal with the old mortgage process? Alternatively, have you wanted a new way to invest in startups? Well, the commercial real estate forecast for 2017 is looking strong and FinTech is opening brand new possibilities in this market, so now might be the perfect time to explore how FinTech is remaking the real estate market.
We know by now the amazing ways FinTech has remade banking, but it definitely hasn’t stopped there. With FinTech come new possibilities and this is true for the real estate industry. People interested in real estate investments now have access to innovative startups who can help them find the best real nestate investments for their portfolios. This new investment system takes real estate (which holds 49% of the world’s wealth) out of the hands of the 1% and opens it up to the rest of the investment world.
Take a look at Sharestates, a company that is changing the way developers fund new projects. By setting up a crowd funding portfolio, developers can open up their project to interested investors quickly and at a low cost. Interested investors then purchase Notes or Membership Units +depending on what type if stake they want in the company) and in turn finance the new company. These investments give interested parties much more control than REITs , making them a superior option for people looking to expand their portfolios. Sharestates has a specialized 32-point risk assessment system that ensures the projects presented by the company are solid investments, making the process safer for both developers and investors.
Juniper Square is another startup aiming to use FinTech to revolutionize real estate investment. The company founders have a strong background in real estate investment and technology and have used that knowledge to radically improve the investment process. Through its custom software, developers can manage their data and easily keep investors updated in the process, reducing the stress for everyone involved. Plus, by moving their projects to Juniper’s system, developers can ensure their data is secure and only being seen by the right people.
Through these online investment portfolios FinTech startups are bringing real estate investment to the new (technologically penanced) world and opening up the potential for new investors to buy a stake in exciting new properties. These opportunities brought about by these startups are incredibly exciting and are remaking the real estate market. Get ready, 2017 and real estate, as FinTech is coming to make you shine.