In the world of real estate investing, many real estate crowdfunding companies have been launched, promising high returns. Elevate Money is one of the newest crowdfunding players that aims to pay 6.5% in annual distributions and has a low minimum investments of $100.
About Elevate Money
Elevate Money, based at Newport Beach, California is a real estate crowdfunding platform. The company plans to bring real estate deals to non-accredited investors who wants to diversify their portfolio with real estate and to receive monthly distributions for income. The minimum investment requirement is just $100. Elevate Money has one REIT you can invest in by name “Elevate Money REIT” which has only two properties as of now.
Main features of Elevate Money:
- No accreditation required
- Minimum Investment requirement of $100
- Has share repurchasing program for liquidity
Elevate Money aims to pay 6.5% in annual dividend distributions to shareholders. It offers to pays out dividends monthly, that you can reinvest in additional shares as well, or cash out.
Elevate Money also offers Share Repurchasing program where you can sell your shares back to Elevate Money at the original purchase price within the first 90 days of buying them. After 90 days, Elevate Money will still repurchase shares on payment of early-sale penalties. This provides some liquidity to otherwise illiquid long term investment.
Real estate investments are speculative and involve substantial risks. Consider the risks outlined in the offering circular before investing. Dividends are declared by the REIT’s Board of Directors and are not guaranteed.
