Reinvest24 review: in this post we will analyze one of the fastest growing real estate crowdfunding platforms in Europe
If you are considering investing in real estate crowdfunding, this Reinvest review is certainly a great guide for an excellent opportunity. In this real estate crowdfunding review we will analyze how Reinvest24 works, its advantages and disadvantages and why you should consider investing in this platform.
Reinvest24 Review: How This Real Estate Crowdfunding Platform Works?
Here on Value Nomad one of the most recurring topics is opportunities to invest in fintech companies. One of the fastest niches of online platforms that allow you to earn money is real estate crowdfunding platforms. Reinvest24 is one of the fastest growing ones in this niche, and has some pretty interesting opportunities.
Reinvest24 is an Estonian based, crowd funding platform that is disrupting the online real estate investing market. Through Reinvest24 you will be able to earn from both rent and property appreciation, without having any administrative burden of property management.
Let’s learn more below in our Reinvest24 review about what the platform has to offer and how to invest using it.
How to Open an Account on Reinvest24
The first step in order to invest on Reinvest24 is setting up your account on the platform. If you have some experience with other peer to peer lending or crowd funding investing plaforms, you know that it is necessary to pass KYC to invest, and it is no different at Reinvest24.
The KYC process is rather simple, and all you need to do is provide a photo/scan of your passport or personal ID (front and back). In my case, the verification was pretty smooth and also quite fast, as it took less than 24 hours to be concluded. You also have to provide a valid phone number.
How to Invest in Reinvest24
Once your account is verified, you will be able to add fund to your Reinvest24 portfolio. The process is also pretty simple and there aren’t fees involved from Reinvest24. The only method to add funds as of the date this article was published is bank transfer. The currency in Estonia is the euro, and all investment so far in the platform are also in euro.
Withdrawing is also only available through bank account.
Real Estate Investments on Reinvest24
Reinvest24 has a few properties in which you can invest. As of 2018, all of them are in Estonia, but hopefully Reinvest24 will add opportunities in other countries in the future.
The company provide one of the most in depth analysis per investment that I have seen on the market. Each project comes with a lot of technical information and administrative documentation support it. This level of transparency is definitely one of the highlights at Reinvest24.
Below you will find an example of what kind of properties you can expect to find on Reinvest24.
How Much Can you Earn on Reinvest24?
Reinvest24 has very attractive earning possibilities, with yields above the average for most European real estate markets. On each property you will find detailed information on how much it is expected to earn. This includes both gross and net rental yield. One thing you should bear in mind, is that for every investment there are transaction costs, as we can see below in the example.
By the time this article was earnings on rental varied from as low as 5.61% to 15.10% on net rental yields. For gross rental yields the numbers were from 6.63% to 19.39%.
Who can Invest on Reinvest24?
Reinvest24 is opened to investors from virtually all countries. That is a great advantages compared to some other European peer to peer funding platforms that require users to have a bank account in Europe.
- Great real estate crowd investing platform.
- Attractive rental yields (above the average for most European countries).
- Open to investors worldwide.
- Relatively low number of projects.
- No Auto Invest tool as of 2018.
Reinvest24 Review: Verdict
I am really happy to to do this Reinvest24 review, and see how the platform is growing. Reinvest24 has been on my radar for a few months, and I have finally took the steps to do the first investment at the platform.
As for the number of projects, that is where I still think Reinvet24 has a lot of room for improvement. That applies not only to the nominal number of projects, but also the location of them, as for now all of them are in Estonia.
Other Crowd Investing Resources
For those looking for other similar crowd investing orpeer to peer platforms to invest, you may want to read some of our other reviews. There are many peer to peer lending and investing platforms currently available, and you can diversify your interest income by using several of them simultaneously.
You can consider some other peer to peer companies checking our Mintos review, our Grupeer review and our Envestio review. Check our post on the best peer 2 peer lending platforms in Europe, and the best real estate crowdfunding platforms in Europe.
Are you already investing in Reinvest24 or in any other real estate crowdfunding platform? Leave your thoughts and questions about this Reinvest24 review below.