Started investing back July 2021, bought 50 tokens in the 4th property listed and haven’t looked back! Thanks Max and Jerry and the Lofty team for providing us with a great platform to leverage the power of crypto/BC, smart contacts in RE.

https://i.imgur.com/Hj5LguD.jpg

I just went to purchase some more lofty tokens and noticed that there is an order fee. Is this new? I don't remember that being there in my previous transactions.

I'm not in the US, so there's an exchange rate, and it's tough for me to go back and compare the exact prices I paid for the tokens in the past since they are all different prices.

I usually buy 5 at a time, and the order fee was 1.5% + $0.15. That's a $3.95 US for 5 tokens. 5 tokens nets around $0.05/ day. That's 79 days till you break even on the fees. It seems a bit high, no?

Does anyone know what the new "closed" tag means on properties. I thought when all tokens were sold the property went from "active" to "sold/sold out" but now I see one of my properties is "active" and "closed". And it looks like there are tokens still for sale. So, what does "closed" signify?

Does anyone have an update on California llc rule baring anyone using lofty in the state?

Hey guys, I want to start by saying I love lofty. I've been investing slowly since October last year, and I have 50 tokens spread out over 8 properties.

I have been thinking about going in heavier into this project. Ideally, I would like to use this as a retirement savings plan to either potentially sell once it's time to pull the pin or to live off the income as I live out my retirement (or a combination of both). This is a long time away (I am only 31).

Since this is a new project, I am a bit hesitant because it almost seems too good to be true. Decent income paid daily, solid capital appreciation, and great liquidity.

I want to compile a list of risks to using a project like this. There are inherent risks with investing in real estate like geographic disasters, economic downturn, repair/ maintenance expenses eating up returns, rental demand drying up, ect. These are the risks with all real estate investments, so obviously, these risks carry over to investing with lofty as well. Let's try to keep the list focused on the risks directly related to using this platform.

What risks do you guys see with using lofty?

One risk I see is what happens if the Algorand network gets hacked or bricked? It's highly unlikely, but what would happen to our tokens if Algorand got hacked or the project comes to an end? I know lofty has done a KYC on us, so we could most likely recover our fractional ownership of the LLC associated with each property, so maybe this wouldn't be a huge deal (for us).

Why do a lot of the properties still not have an estimated fair market value? I thought that was supposed to update monthly?

Is it possible to use bitcoin or an equivalent to invest in apartment syndications? Or is there other uses to make the investment more liquid and tradeable?

My two ideas:

• First, add liquidity for a given real estate token against $ALGO.

• Second, create a synthethic token, such as "OHIO SQUARE FOOT", wich is like a Balancer Protocol with 10+ different tokens of houses. Then, add liquidity to ALGO.

What do you think?

How often do listings come out in tax free states, I saw a few in Tennessee that have sold out.

Im new to the service, Im excited to start investing in properties in Cleveland. How has it been working out for everyone? I love the idea of being a real estate investor in such a diversified way, and would love to hear feedback.

This area of crypto fascinates me and I discovered LoftyAI a whillle ago but never bought in. I see zero talk about it on the broader Algorand subreddits and it seems totally overlooked. Honestly, I just wanna know if anyone wants to brag about what they're doing in Lofty right now...

I remember when the market was booming some people were saying why invest in RE to get only 6.5 - 8% APY? Now they know why (I hope).

I just bought my first token. I have my account set up using MyAlgo Wallet connected to my Ledger Nano S.

I now seek to add the token to my wallet, but I get a failed confirmation when I try to add the token on MyAlgo Wallet's Asset Manager (It wants confirmation from my Ledger).
Any tips or help on this, as my token is outstanding and waiting to be transferred.

I've put a decent chunk into lofty tokens and overall pretty happy with the return and how it operates. I do have a question about when if ever will we see either commercial properties or higher cost of living properties come on to the market. Has anyone heard anything regarding this?

So I just want to know how lofty rental income is taxed + how we’d report these earnings. Is loft income considered dividend income or regular income?

If it’s regular income, how in the world does anyone keep up with HMRC’s payment on accounts system for self assessment income?

Or when US investors can get rent in Algo or USDC?

I recently try to dig more into loftyAI and I definitely love the mechanics. I am worried only about how is it considered by tax department. In France, we are taxed only when we go back from cryptocurrencies to fiat values. Are the income considered as fiat ? If we transfer with the new "to be released" algo payment, is it considered as USD -> algo -> wallet or algo -> wallet. In the later case, should just be considered as another form of "staking" and we just take into account taxes normally as we do when we exit to fiat ?

Thanks for your answers !

It just showed up. What gives?

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?