LoftyReviews of lofty.ai

Overall: Some pros but notable cons. Best part is the open marketplace. Worst part is what's on the marketplace. I'm adjusting my review to better reflect my experience with the company and systems in place at Lofty - and less reflective of the marketplace offerings. On that note, about the properties on the marketplace... It's great that there's lots of properties to choose from, and I loved that you can actually SELL when you want to, freely, on an open marketplace (something many competitors do not allow - you're locked up!). But many properties are rough. I did a one-year trial run with Lofty. 2 of 3 properties I owned were vacant the majority of this year - one with multiple break ins throughout, and waiting on an inspection for 6 months and counting. Property managers may lack in some competence. Before investing, make sure to look at the ACTUAL returns you can expect immediately on a property before buying (the "Rental Yield" on each property page. There's a lot of factors to consider but for me personally, this one is most important. If a property is at 0%, there's a red flag somewhere. I do not enjoy that things are so ingrained with crypto but they are upfront about it, and offer some things to make it more traditional (like being able to buy via credit card, and withdraw via Paypal in USD).

I've been using Lofty.ai for about 2 years and it has been a good experience. What they said will happen does happen... I just met with the CEO to discuss their new staking features and get my questions answered 1:1. I believe Lofty.ai is doing a great thing in real estate by allowing more people to engage in a historically slow market that required a large amount of capital to engage with. This company is solid, but keep in mind that real estate is a beast of its own... Rental management is difficult and can have problems but Lofty.ai does a great job keeping you informed about what is happening with your properties and allows for DAO-style management for token owners. All around great company and it seems to be moving in the right direction.

====== I have updated my review on 04 Jan and 26 Jan due to attentiveness of Max and the fact that I believe this Lofty venture in going to be really great in future through growing pains. I hope to give a 5-star review in the future. ====== ------ 1. NO IN-HOUSE 2FA: i have many many crypto & other accounts that do not require using a 3rd party 2FA. However, I realize that a slice of people do not mind using 3rd party 2FA. Still 1 star deducted for this. ------ 2. SHORT TERM MEMORY LOSS: when my password has remained the same, Lofty AI repeatedly does not recognize it and forces me to change my password (and I use the same password, again) This may be working, now... I do not know. No star deducted. ------ 3. FLUBBER FORMATTING: this maybe fixed. no star deducted. ------ 4. NARCISSIST AI: their AI chat bot prompts you with what I guess is a popular FAQ... yet, when you type in and submit your specific question, their AI chat bot gives you the answer to this other popular FAQ and totally ignores the question that you asked / submitted... bizarre... (update: nobody likes an AI chatbot that ignores you). however, no star deducted. ------ 5. INCONGRUENT WORDING: this had to do with Lofty AI not being able to find my wallets, then not showing that I had any tokens, due to some recent opt-in of which I was not notified by email since emails do not contain many details about accounts like order numbers or receipts or any information that might be leaked. Wallets were found, tokens were found. No star deducted. ------ 6. NO IN-HOUSE KYC: Still locked out of my account, Luis reset my 2FA and asked me to email a photo of my face and a photo of my photo ID with my physical face in that photo as well. This, to me, is the opposite of security, however Max reassured me that everyone is willing to email selfies and photo ID over unencrypted email, which is mystifying to me, however if that works for people, then I am one of the hold-outs... or the only hold-out. I have many many accounts and all of them use KYC or Know Your Customer protocols for collecting faces and photo ID's with encryption for security. (not that anything is really ever secure). One star deducted for this, for now... ------ Although, initially, Lofty had communication delays during the Holy Days... Max has now been extremely attentive with emails and willing to get on a call to get me back into my account... yet, without in-house 2FA and in-house KYC... I let him know that I would wait. ------ If you do not mind using 3rd party 2FA and unencrypted KYC... this Lofty is the way to go... as is witnessed by a huge amount of positive reviews. I am only one voice... and want Lofty to succeed. So go for it.

A few years ago, I was looking for innovative ways to invest in rental properties without the hands-on requirements of owning & operating. I’ve invested in REITs (public and private), various partnerships, etc. Until this point, however, I avoided other fractional investments mostly for lack of trust of the process, fees & other gimmicks. Having also spent time during this period understanding how blockchain technology could greatly save costs and increase productivity for many businesses, I was intrigued when I came across Lofty.Ai either on Reddit or Twitter (I don’t recall). I dug in, spoke with the team, setup my account and participated in their first token offering. I have subsequently acquired multiple thousands of tokens across over 20 properties. I am a patient investor. What the Lofty team has built, and continues to advance, I believe is the future of property investing. And, the technology is applicable to multiple other cash flowing assets classes. It’s early days, but the product works and, overtime, I expect a greater adoption along larger pools of capital which will increase both liquidity and the types of offerings on their platform. The very fact that you can get liquidity on their platform to buy property tokens (which represent interests in an DAO LLC), collectively makes decisions related to every axle f of property management with other owners, and, collect rent on a daily basis from fully rented properties - all while using the power of a blockchain from your phone, is brilliant. It’s also not easy to execute. The tech is great and improving. Lastly, the team and their responsiveness is amazing.

I really like this as an investment so far. Some things are slow, some quick. Customer service has been excellent through the chat feature. They respond within a day or less in my experience. It's taking me some time to navigate the site. The site itself can be glitchy (really glitchy) ex: one property kept asking me to sign the co-owner agreement about 7 times before it went away. Upon initial setup, it didn't want to link my credit union at all. I had to go with another bank and it took over 8 tries to get a bank linked. I was able to invest in a property right away and it took some time for the funds to settle. I started gaining interest (rent income) on the property right away which is my favorite feature (daily interest!) I have 12 cents so far off purchasing 1 token on one property, maybe 2 weeks ago. One property just settled today, and with my Lofty wallet balance I had due to a purchase not going through due to a glitch on their platforms end (which they seem to be actively fixing) I used that "refund" in the wallet to purchase 1 token of an additonal property which allowed me to have a 3rd instantly settled (closed) property on my account. So I liked being able to see that right away and not wait, for a total of 3 properties in my real estate investments which I can see daily interest/rental income accrue and if I choose to, withdraw to my bank. An instant debit card feature would be nice for withdraw ;) I enjoy the customer service rep's detailed explanations when I have questions because it makes the site and all the numbers and words more understandable when I can't quite figure out how to translate all the information myself. This is after investing about $150 in stocks (being new to investing) and seeking something else that could get me a daily (even if small) profit that is accessible without funds necessarily being tied up. I have yet to figure out the selling tokens part and the converting cryptocurrency in order to withdraw sale profits, though I did see they had a step by step on that. Right now I just want to watch my money settle and grow and watch how the real estate market and Lofty's site develops this year. Overall I feel happy with this investment and finding this website. Another desire I have is to reevaluate the referral feature. I have maybe $150 in investments on this site now (in less than a month) and constantly refer people, but the terms say they have to invest $250 within 30 days for me to get my $50 referral bonus. I signed up under someone else's link and recieved the $20 sign up bonus which was awesome. But most of my friends and family are still weary on investments and most probably won't spend that much on real estate right away. I'm the go getter of the group so...wouldn't it be nice if the profit was in favor of the referrer and didn't depend so heavily on a new and weary investor? Thank you!

I thoroughly enjoy how user friendly and simplified the process is for purchasing tokenized real-estate on Lofty. I had a conversation w/Co-Founder Max earlier today (October 25th, 2022) in regards to a few questions that I had. He was extremely helpful, knowledgeable, and took the time to thoroughly explain things to me as well as what the future plans for Lofty. If you are thinking about investing in real-estate and earning passive income this is definitely a site to check out. The team is second to none and they are extremely supportive and willing to help you out in anyway possible!

Lofty makes real estate investing easy and most importantly, accessible for all.

Great service. The only problem I have is the K1s for taxes were a little late. For smaller investors shouldn't be an issue though.