Have you ever wanted to own a cash-flowing rental with rent guaranteed for the first year? Well, with Doorvest, it’s possible.
When using Doorvest, a property is acquired by Doorvest, renovated on your behalf, and even has a tenant placed for you. Even the property management is included—for a fee, of course.
All you have to do is log in to your portal and check on your investment. No longer do you need to headhunt for a good investment opportunity, Doorvest does the heavy lifting for you.
Different people have different goals and amounts of time to spend on real estate, so this may be possible even if you have no time to learn all those real estate skills. Doorvest, a hypergrowth startup, is looking to change the game, and I can get behind their tagline: “We believe that human potential is unlocked as individuals reach financial independence.”
So, is this a good option for real estate investors? Read more for our full Doorvest review.
What is Doorvest?
Doorvest was started by two friends in the startup scene in San Francisco. In 2014, the now-CEO Andrew Luong was searching for more financial security and started investing in real estate. Over the following five years, he bought a respectable 12 single-family rentals.
Friends who saw his success wanted in, and after giving them resources to educate themselves, Luong realized that your average 9-5 working person was intimidated by the time and effort that it took to execute on their own real estate investment. If there are too many barriers, people are less likely to invest in something as complicated as rental properties.
That’s where Doorvest comes in. Doorvest aims to simplify the process, making your investment experience as streamlined as possible.
Doorvest’s business model
Before we begin, I should note that Doorvest has built out a Knowledge Hub and FAQ resources to answer all of your budding curiosities regarding the process.
Users start by going through an assessment process where…