addy

Avg. Rating: 5.0 (1 review)

addy is an online investment platform based out of Vancouver, British Columbia. They are a proptech startup (proptech stands for property technology) that wants to lower the barriers to real estate investment by letting their platform users invest with just $1.

addy operates under the tagline ‘real estate for everyone’. Their goal is to provide an opportunity for everyone to get into real estate and to experience homeownership without having to also then struggle with the life-altering sacrifices that come with homeownership.

TIME IN BUSINESS: Since 2018
# OF CUSTOMERS: Thousands

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1 (833) 462-9888

hello@addyinvest.com 3381 Cambie Street, Suite #352 , Vancouver, British Columbia V5Z 4R3, CA

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Support Offered:

Call Centre
Email
Blog
Resources
Social Media

Availability: British Columbia, Alberta, Ontario

Products Offered

Below are all the products offered by this company.

About

addy is an online investment platform that enables people to invest in real estate.

addy finds a real estate investment opportunity, then the decision to move forward with the property are made together by the addy acquisitions team, investment committee, and a Board of Directors. Then, addy divvies up the investment into equal increments. The real estate investment opportunity is split into increments of $1. Units in the particular real estate investment are listed for sale on the addy platform.

Cost

“Win-Win or No Deal” optional annual membership plans (no hidden fees, ever):

Charter Member

This is addy’s annual membership plan. It will renew one year from the date that you first sign-up.

Unlimited access to all properties as long as your membership is active
Same-day access to property launches
Access to premium education content and more perks (coming soon!)
No other $$, just your membership

Believer

If you believe in addy and want to lock in a set price for 5 years, you can sign up for their Believer plan.

Same benefits as the Charter Member plan, but you won be charged anything more than $500 for the next 5 years (no matter what their membership evolves to).

Tip Addy

If addy’s annual membership plan does not work for you, feel free to pay addy what you feel is right each time you invest in a property.

Just Learning

Your first investment is free! If you’re an investing noob or simply want to test the water with addy then this option is for you. If you want to invest in more than one property, you’ll need to move to their Tip, Charter, or Believer Member Plan.

Cost Summary

An addy Charter Member is $25/year
Tip addy what you feel is fair each time you invest in a property
You can invest in your first property for free
You can be an addy Believer and be charged $500 for 5 years

How Do I Make Money?

As for how much you can invest, addy allows investors to invest as little as $1 or up to $1,500 per property.

You can make money in 2 ways:

Sale of the Property: When the property is sold, any appreciation is paid back to investors in addition to their investment principal.
Rental Income: When tenants pay rent, any additional cash flow can be passed back to investors in the form of a distribution.

Who Can Invest With addy?

Not everyone in Canada can invest with addy right now. Currently, addy is available to invest for residents of:

British Columbia
Alberta
Ontario

You also have to be at minimum, age 18, to be able to invest with addy. If you’re curious where your province stands, check out the Unlock Canada page found in the footer of their website.

Benefits

addy believes everyone should have the opportunity to own property through access to real estate investing at any amount, regardless of income, age, or other conflicts.

Absolute Accessibility
Hands-off ownership
Expert co-owners
Tangible investing

Frequently Asked Questions About addy

What is addy?

addy is an online investment platform that enables everyone to invest in real estate for as little as $1.

What does addy do?

addy has built a robust technology platform that seamlessly facilitates thousands of investment transactions into real estate deals previously unattainable to an ordinary investor.

Is addy safe?

Thousands of people have invested with addy. In terms of the safety of using the addy platform, it is pretty thorough, the account set up is rigorous. You need to verify your email, verify your profile (and send a government photo ID), and verify your linked bank account. It is also worth noting that addy is a co-owner in each property, so it’s in their best interest to make the smartest possible decisions. Not just to keep members happy, but also to benefit themselves as well.

How does addy work?

addy identifies real estate investment opportunities and then offers shares in those properties to people for as little as $1. Each time a property is listed on the platform, addy forms a sub-corporation whose only asset is that one property. Shares in the property are listed for sale on the platform. You can decide how much you want to invest. If the property value increases, so does your investment value.

How do I make money with addy?

There are two ways to make money with addy. The first is by the sale of the property. In this case, when the property is sold any appreciation is divided up and paid back to the investors on top of the original investment principal. The second way to make money with addy is via rental income. When the tenants of the property pay rent, any excess cash flow is distributed among the investors.

How much does addy cost?

If you’re just learning, your first investment with addy is free. After that, addy has an optional annual membership plan. The different options include: An addy Charter Member is $25/year, an addy Believer and be charged $500 for 5 years, or you can tip addy what you feel is right each time you invest in a property.

Who founded addy?

addy was founded in 2018 by a team of real estate and technology entrepreneurs and is headquartered in Vancouver, BC.

Can I sell a property to addy?

addy is always looking for great properties. If you have one that you'd like them to review, go to their website.

How do I get started with addy?

Visit the addy website and go to ‘Invest Now’. You can read up on the different properties, look at photos, compare risk, and more. Once you have your account set up, have funded your wallet, and are logged in, you will be presented with several due diligence documents that you must review and sign in order to complete your investment.

How does addy choose properties?

addy invests in properties that meet the following criteria: has development potential, has a positive cash flow, at least 4% a year ROI (Return on Investment), or value-add opportunities

Is addy a REIT?

addy is not a REIT. addy, unlike a REIT is focused on creating investment opportunities with identifiable properties. The property you invest in are ones you can drive by and take a look at. You are not investing in a collection of unknown properties.

addy Reviews