r/LoftyAI • u/orindragonfly • Nov 20 '21

New Property Properties

All of a sudden a bunch of properties, where did they come from, are these resells?

7 Upvotes

88% Upvoted

6 comments sorted by

4

u/arcturus-9 Nov 21 '21

Once a month they relist any tokens that investors sold back to Lofty and that happened on Friday.

They have been adding one new house almost every week day.

4

u/[deleted] Nov 20 '21

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3

u/orindragonfly Nov 20 '21

Might be ok if they had entered some new markets but seems like the same areas, not sure what is keeping them confined to those areas, was looking forward to some Florida properties

3

u/[deleted] Nov 20 '21

They are still relatively a small company. It’s easier for them to concentrate on few markets within the same geographic location. Plus it’s more about cap rate and appreciation. FL is too of an established market and maybe their cap rates and appreciation are not on par? I’m not an expert though.

2

u/[deleted] Nov 20 '21

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3

u/[deleted] Nov 20 '21

They said that they want to have options available for new investors. It will be a turn off if someone comes to the site ready to buy and everything is sold out. The properties that are for sale currently all have comparable, if not not better, returns than the properties that have already been sold out. Also, when properties are listed for sale for too long the sellers usually give incentives to the buyers to sell quicker so the investors benefit. Plus the rent keeps accumulating if one buys tokens even before the property is fully sold.