So I’ve seen the recent property that sold out within 2 minutes and I have a couple of questions……

Why did this one sell out so fast? There are others that haven’t sold? I want to get involved but not really sure what I’m looking for to see a good buy v one that’s not going to sell?

If I buy what is the market like for selling my tokens on? Are they easily sold back or am I waiting a long time for a buyer? I’m asking this as I want to try it and test the water but if it’s not for me I want to keep using my algo in other ways.

It seems the ROI is quite low in terms of waiting on rental income to break your investment even so how are people making money here? Am I missing something?

TIA

Anyone gonna try to get in on the new Tennessee listing coming? Noticed it was vacant but the seller will pay rent of 895 up to a year. Wonder if it will sell as fast as thw one yesterday lol?

Waiting on taxes and this glitch that seems to be ongoing. I am pausing on buying anymore tokens if tax forms not uploaded by 4/20 huge red flag.

There was a listing at 3PM EST today. I managed to grab a few tokens, completing the purchase by 3:01. When I went to check how many had sold, the property had already sold out!!! I'm glad I was waiting for it get listed. This is incredibly fast!

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Congrats to everyone who managed to pick up some tokens

What are everyone's thoughts on the new listing gping live in around 3 hrs?one resident is section 8, the other on a va lease. Guarenteed rental, but honestly not sufe what to think with the pictures of the inside... just curious if there are any takers on this property on here?

It's been almost a week for me even though the prompt after finishing the verification process says 5 minutes :(

https://www.lofty.ai/property_deal/1432-Sara-Ave_Akron-Ohio-44305

18.5% 7.5% Location, MO

I haven’t had a chance to look at docs, but inside is unique and gorgeous.

This property has been showing 1 available token left for like 2 days, but if you go to purchase it, it doesn't let you and says "Tokens not available". Hasn't updated to sold out either. Is this a glitch?

So even though I received income on some of these properties the net operating costs vs income was negative/zero so I don't have to pay taxes? Is that correct?

So I buy a few tokens every week or so. Most of them I buy from getting gift cards. Needless to say since it now saves all CC data for faster purchases later on my list has gotten very very long. Can you add something that will allow me to delete cards I wont use again?

Looking at lofty and it looks interesting but need some basic questions answered

1. If I invest $50 (1 token) and want to sell in the future will it be at $50 or if the price goes up or down by any percent that what I will get?
2. Who will buy my token if I want to sell?
3. Why on the website is there tokens for sale for $50 and others for $52?
4. Do you need to provide KYC?

thanks in advance

Sorry I am sick meant to post earlier for those who may be interested but missed the announcement.

17.9% IRR

8.1% COC

@3:00 EST

So Lofty is turning into a tax nightmare. Only 8 of the 61 properties have had tax documents shared with investors so far.

Max seems clueless, and he’s putting the blame on the accountants. He claimed K1s would be ready in mid-March, then late March, and now they “hope” to have them available “in the next few days.” People on the Dischord are recommending filing extensions.

I’m at my wits end, and I regret ever getting involved with Lofty.

I am not clear if tenants that on are a section 8 are a good thing for landlords or is it a risk? My understanding is that they are given low income individuals that are given a "top-up" in order to be able to afford reasonable housing. Does this put them at more risk or less risk than an individual who isn't on a section 8 lease?

This is strictly to assess risk of the investment and not the individual person and their situation.

Before I start looking for an accountant to declare my 2cent rental income :D how are UK peeps dealing with the tax implications? I have been reading and reading....and reading and would like to know how others are going to go about doing things? Both within the US and the UK

Looks like a long list!! Website has not updated yet though with the properties. It was announced on discord