Brickstarter – Platform Introduction
Brickstarter is a P2P platform legislatively established in Estonia. It focused on buying and renting properties for short-term rentals to tourists. Geographically it operates in Spain – areas of Alicante, Cadiz and others.
How does it all work? Immediately after a successful investment, the investor is entitled to 5% interest per year. During this time, the property is renovated and adapted for the new project. After renovation, Brickstarter appoints a property manager and the property starts to be rented out to tourists. How the selected property performs and what profits the rental generates can be seen by each investor on their dashboard. Immediately after the renovation, Brickstarter also starts to look for a new buyer to sell the appreciated property to. The profit from this sale is then distributed to the investors, topping up the rental profit.
The platform does not yet have a secondary market in its functionalities, so this means less liquidity and the need to consider having funds stuck until the property is sold. However, the secondary market is already under development. Also, investing is now manual, autoinvest is missing.
Anyone who is unclear about what exactly the platform offers and what it provides to investors can watch the video below, which explicitly illustrates everything.
The minimum amount that can be invested in a project is 50 EUR. Each project is accompanied by a set of information – studies, photos, videos, but also a map of the location of the property.
At first glance, it must be clear to anyone that the coronavirus’s impact on the travel industry has been enormous. It hit directly Brickstarter’s target segment, but the platform could benefit greatly from the subsequent loosening. At the moment, projects are coming on board very slowly and as the surplus of investors is evident, all deals are often sold off. Moreover, the platform cooperates with other portals (e.g. Brickfy, EvoEstate) where its offers also appear.
Brickstarter – Basic Overview
- Establishment: 2017
- Supported currencies: EUR
- Average interest rate: 5% (rent) + sale provision
- Average maturity: until the sale of the property
- Minimal investment per participation: 50,- EUR
- Investor fees: x
- Autoinvest: X
- Secondary market: X
- Buyback obligation: X
- Option to sell participations prematurely: X
- Official website: https://brickstarter.com
Brickstarter – People
José María Pascual – CEO
Senior Director with over 16 years of experience in financial management, strategy development and investment analysis.
Investors rating
Brickstarter – Investors experience
Reviews, links
Brickstarter – Reviews and Other Links
Other sources articles:
Did you know?
Brickstarter – Did you know?
Downloads
Brickstarter – Downloads
Bonus
Brickstarter – Bonus
Brickstarter offers bonus 15 EUR after successfull registration and first investment. Investor will also receive a 0,5% cashback for their invested deposits during 90 days after their registration. To receive the bonus the registration through the link below is sufficient.
By registering through the link below, you will also support this project.
If you want to learn about active bonus campaigns or just to check if there is no better offer at the moment, write to us and we will be happy to to get back to you.
Brickstarter – Alternatives
This page was last updated on 05/2021.