Lofty

What if buying real estate was as flexible as trading stocks? For many younger people in the UK and US, getting onto the property ladder has become a generational challenge. While initiatives like the latest Labour government’s ambitious plan to build 1.5 million homes are a step in the right direction, traditional approaches alone fall short of addressing the deeper, systemic issues in real estate accessibility and ownership. Jerry Chu founder of #Lofty.ai, believes there’s another way — and it’s happening now. For existing real estate investors, the challenges are equally pressing. The transaction process and lifecycle management are riddled with inefficiencies, offering little to no say in how properties are managed. Additionally, the lack of liquidity and the sluggish pace of transactions further hinder market efficiency. #Lofty.ai reimagines real estate ownership by building an innovative real estate exchange, powered by innovative concepts such as #tokenization, #DeFi, #DAOs, and #AMMs. In this episode, we explore how #Lofty.ai is revolutionizing the way we think about, own, and invest in real estate. Here’s what’s in store: 💡 A deep dive into Lofty’s innovative models for real estate ownership and investment. 🤝 How tenants can become co-owners of their rental properties, creating a win-win scenario where the incentives of tenants and token holders are perfectly aligned. 🌟 The cutting-edge ideas behind it all: blockchain, DAOs, and automated market makers. 🚀 The inspiring story of Lofty’s evolution from a SaaS platform to a trailblazing real estate exchange. Oh, and here’s a fun twist: I used an #AI voice trained on my own voice for the intro. Cool, except the #LLM gave me an Aussie twang! 🤦♂️ The rest of the episode? All human, all heart. 🎧 Watch the full episode here: https://lnkd.in/dKhyKqEE If you found it insightful, don’t forget to like, share, and spread the word! 🙌 #innovation #entrepreneur #realestate

Introducing a luxurious beachfront Vacation Rental on Lake Michigan! Projected to do $180k in revenue in 2025. Become an owner for just $50 🏖️ The Blue Horizon is a renovated 5 bedroom, 3 bathroom water-front property featuring a spacious deck with panoramic water views and 3 acres of wooded seclusion. The projected gross income in 2025 is over $180k, with $26k in bookings already scheduled in the month of July alone. Link to the property page in the comments where you can find the projected P&L, inspection report, appraisal, LLC documents, Title Report, and much more. #realestate #rentals #investing

At the Emergence Conference in Prague, Algorand Foundation CEO Staci Warden spoke on Lofty and TravelX and how they’re using Algorand’s blockchain technology to transform the real estate and airline travel industries. (Via The Block)

Introducing the Everstone Apartments! This 32-unit multifamily property is valued at $3.5M & is located in Lubbock, TX 🤠 Fractions start at $50. The Everstone Apartments is a 32-unit (8 Quadplex Apartments) property with over 90% occupancy. Located in Lubbock, TX near the Marsha Sharp Freeway, Loop 289, and just minutes from Texas Tech University – attracting a steady flow of tenants seeking convenience and accessibility. This is the third property listed on the Lofty Marketplace by Austin Hughes. Austin owns and manages over 500 additional rental units in Lubbock, Texas including houses, duplexes, multifamily properties, and mobile home parks. Link to the property page in the comments. #realestate #realestateinvesting #rentals

I think people, myself included, severely underestimate how long it can take for new things to be adopted. When we started to build Lofty in the early days, we asked ourselves what people would do if real estate had a new "operating system", one where they can make it their own and do all sorts of things. We thought about a lot of cases, but it took years for some of them to actually happen. 1. Governance votes were available as soon as the platform launched, but the first owner proposal didn't pop up until 2023 (2 years post launch). After this first vote, other owners realized how easy it was and the flood gate opened. We now get dozens of them per week. 2. Rent-to-own. We thought renters would figure out pretty quickly that they can construct their own rent to own model that's more flexible and financially friendlier than traditional structures. The first recorded instance of this (to our knowledge) was in 2022 (1 year post launch). We only just hit the 3rd such case last month. 3. Tokenizing your property, without selling it. If DAO LLCs truly represent a better operating system for real estate owners, then people should want to tokenize their properties, even if they don't currently have any desires to sell ownership of their properties. Well, the first case of this didn't happen until earlier this month in November 2024 (3 years post launch). I'm not sure how long it'll take to see the second example of this, but eventually I do think tons of people will just have their properties tokenized on Lofty, just because of "why not"?