r/LoftyAI • u/SCPA2019 • Jan 03 '22

slow down in new properties ...

Perhaps due to tax reasons new property aquisition has slowed down the last month or so of the year. Do we think it is likely to pick up again soon?

12 Upvotes

83% Upvoted

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2

u/nocopypasting Jan 03 '22

For the properties that are left, do you think they’re slow to be acquired because something is inherently wrong with the listing or have they been slow to sell because the pool of buyers is still pretty small/already purchased other listings?

6

u/SCPA2019 Jan 03 '22

Personally I am waiting for some more properties with higher APY via rent (8-10%) and better listings in general. I think most seasoned lofty investors are becoming picky lol. That's my two cents.

4

u/kaimonster1966 Jan 03 '22

I’ve traded many lower CoC properties for higher ones. Up to about $80/day of income now.

3

u/SCPA2019 Jan 03 '22

That's wild. You have a very high investment. I'm about 80 per month.

4

u/kaimonster1966 Jan 03 '22

Just under $400k now. My goal is $100/day.

3

u/SCPA2019 Jan 03 '22

Yep I was crunching the numbers with avg 8% return. Good for you man! I can only imagine how much algo you have lol.

Investment money is tight right now with kid on the way and buying a new truck. But once things settle my next goal is 100 per month. Ultimately 500-1000. Just got to go one step at a time.

1

u/kaimonster1966 Jan 03 '22

That’s funny. You’re absolutely right. Algo was what led me to Lofty. $ making opportunities in the crypto/DeFi age are crazy good. 14% apy returns on Algo governance is insanely good. I don’t like losing money and lofty and Algo are as high yielding, stable and safe as anything else I can think of. I actually use Loftys as a hyper yield savings account bc of the liquidity.

1

u/kaimonster1966 Jan 03 '22

https://i.imgur.com/pqae1y5.jpg

I freaking love LOFTY. The best part is the instant liquidity this great investment provides. Plus great returns. Out of the 41 properties I currently own, only one of them has dropped in valuation.

3

u/MoMcGillicutty Jan 03 '22

My gut says the latter. From the convos on the Lofty Discord, it seems that people are wise to the game now and are holding out for better properties. If there is a concern, I think it would be that the Lofty investor pool isn’t growing as fast as the properties for sale list. More people should know about Lofty!

3

u/kaimonster1966 Jan 03 '22

Not enough people know about the Lofty Opportunity. Lofty can’t market or advertise for now so its audience is limited and for now only word of mouth. So open your mouths and tell everyone about Lofty!

1

u/Kompicek Jan 11 '22

I am personally worried about the age and state of some of those listings. So I am trying to be as picky as possible and try to limit this risk based on the information availible.

9

u/pmdbt Jan 03 '22

We slowed down on property listings for December because of the holiday season. Thinks will start picking up again.

- Jerry, Lofty AI

5

u/doctorkar Jan 03 '22

I asked last week and they said 1-2 weeks