The United States has nearly 43 million homes that are occupied by renters. With the number of renters on the rise, now may be a good time to invest in rental properties.
Rental property management is anything but passive. With the advancement of technology and the availability of professional services, it is becoming easier to manage rental properties while still maintaining a passive income. When you factor in the upfront costs, the potential for ongoing maintenance issues, and time spent dealing with tenants, rental property investing can quickly become a profit-suck. Due diligence is needed to ensure that the potential rewards outweigh the risks associated with this type of investment.
Wouldn’t it be great if there was a way to earn passive income from rentals without the hassles? With the right strategies, you can bring in a consistent stream of passive income from your rental property.
Arrived homes allows you to do that. If you use the service, you can purchase shares of rental properties and let someone else handle the tricky stuff. The service gives investors access to professional advice and guidance.
In this post, I will show you how you can get involved with the service. You can find and rent homes quickly and easily with Arrived Homes. Let’s take a closer look at what Arrived has to offer. You can use Arrived to manage your shipping needs and make sure your customers are happy.
What is Arrived Homes?
Arrived Homes is an online platform that crowdsources capital to buy rental properties. It has secured $37 million in funding since it was founded in 2019. Ryan Frazier is the CEO of the company and it is based in Seattle. The company creates innovative solutions and products that help their customers succeed.
Users can buy fractional shares of individual rental homes and earn money over time through rental payments and home appreciation. The real estate asset class was previously only available to large institutions and experienced investors.
How Arrived Homes Works
The goal of Arrived is to make it easy to invest in rental properties. It is easy for investors to acquire rental properties with minimal effort because of Arrived. Not everyone can afford to buy a property and rent it out from there. For a lot of people, taking out a loan or applying for financing is the only other option.
You can browse through properties that are open to new investors when you sign up. You can decide how much you want to invest and what type of property you want to own. You can rest assured that you are not buying into any garbage dumps because each one is pre-vetted for income potential. Investing in real estate through a trustworthy company guarantees that you are making a sound investment decision.
When you find a property that you like, you can decide how much you want to invest, and Arrived will reserve those shares for you. You can track your investment and monitor your dividends once the shares are reserved. You link your bank account to make your initial investment after you sign an online contract. You can access the platform immediately after the initial investment is made.
You can enjoy a passive income stream from there. It can be a great way to supplement your income, give you more financial freedom, and help you achieve your long-term goals. All you have to do is sit back and watch your investment grow as Arrived takes care of property management and assumes all liability. You can be sure that your investment is in good hands with Arrived.
Low Minimum Investment
It gives investors of all income levels the chance to own a piece of a condo, single- family home, vacation rental, or any other type of residential real estate property.
All you need to start is a $100 investment. You can watch your money grow quickly. There is a direct correlation between how much you invest and how much you earn. The higher the potential for a higher return on your investment, the more you invest. It’s easy to get your feet wet with Arrived’s low barrier to entry. Anyone looking to get started in the e- commerce industry can use Arrived.
Cash Dividends
Arrived pays out cash dividends. This equates to returns between 5.21% and 6.42% per year. Over the long-term, these returns are expected to provide investors with a steady stream of income. These returns are difficult to predict, but investors earn revenue when the property value appreciates. The best way to maximize returns is through careful selection of properties that will appreciate in value over time.
To help project the value of your shares of rental properties, Arrived comes with a The Property Investment Calculator uses historical industry data to identify trends. You can use the Property Investment Calculator to find out where and when to invest in real estate.
Real Estate Investing Guide
The Real Estate Investing Guide can help you understand how to invest effectively. The guide gives step-by-step instructions on the different types of real estate investments and how to create a portfolio that’s right for you. The guide shows you how to invest in real estate and how to maximize your returns.
Arrived Homes Pricing and Fees
There are no membership or subscription fees for using Arrived. You will be able to find the perfect places to stay once you have signed up. The cost of your investment will be the most expensive part of Arrived, but there are other costs to consider. Over time, the time spent researching, planning, and managing your investments with Arrived could add up.
If you decide to use theservice, here is the breakdown of what you can expect to pay. Whether you choose to use the service or not, we hope this breakdown was helpful in making your decision.
Initial Investment
You will need an initial investment of at least $100 to transfer over from a linked bank account. You will be able to start trading once the initial investment is made. The ability to fund your investment through a self-directed IRA is still being worked on by Arrived.
Sourcing Fees
The costs of locating and preparing the property for investment are charged by Arrived. It is a one-time fee and the amount varies for each property. The fee won’t be required again for the same property once it’s paid. You can see exactly what those fees are in the Offering Details section of the listing. It’s important to remember that fees can vary, so be sure to read carefully before taking any action.
Annual Asset Management Fees
The annual asset management fee helps cover the cost of the ongoing management of the property. This expense is different depending on the property. Again, you will know exactly what it is, so there won’t be any surprises. You can make an informed decision if you participate or not.
Taxes
The money that you earn with Arrived is taxed by the IRS. Keeping accurate records of your income is important in order to report it on your tax return. It is your responsibility to report your tax relevant information at the end of the year to Uncle Sam. Tracking your income throughout the year will help you report it accurately on your tax return.
Early Liquidation Fees
The long term is from three to seven years. The best returns for investors are likely to come from this strategy. You can sell your shares to other investors after the initial six-month holding period if you need to. It is important to consider all potential costs before deciding to liquidate your shares.
You could be on the hook for transaction fees if you take this route. Before you make a decision on the best payment option, you should do your research. Arrived does not handle secondary market transactions. The online marketplace connects buyers and sellers directly.
Arrived is not a platform for quick returns. It is a platform for long-term investments and building wealth. As you plan out your strategy, keep this in mind. Remember to think about the long-term implications of your decisions and how they will affect your goals.
Signing Up and Getting Started
To sign up for Arrived, you need to be at least 18 years old and a U.S. citizen. You don’t need to be an accredited investor to get on the platform.
It’s easy to create your account on arrivedhomes.com. You just need an email address and a full name. You will be able to use the service right away if you sign up.
You need to set up your investment account so that you can use it for identity verification. You can invest in the markets of your choice once your investment account is set up. You need to have your Social Security or Tax ID number if you want to set up a personal account. You must provide a valid form of identification, such as a driver’s license or passport.
Link your bank account is the next step. You will be able to start funding your account once the bank account is linked. It is possible to connect with most major institutions with Arrived.
Picking out investment properties is when everything is set up. You can see how close it is to full funding with each option. You can compare different options side-by-side to help you make a decision.
Arrived Homes Security
Arrives protects your personal and financial information. Plaid is a third-party financial technology platform that handles bank transfers. Third-party security experts audit Plaid to make sure transactions are secure.
If you own property shares, Arrived protects you from personal liability. You can securely manage your property shares through an online platform offered by Arrived. If something goes wrong, shareholders aren’t held responsible. The benefits of owning property can be enjoyed by shareholders without the risks associated with ownership.
Customer Service and Support
When you need help with your account, Arrived has a number of different customer support options. The customer support team is available to answer any questions you may have.
Most basic account needs are covered in the online Help Center. The Help Center has knowledgeable customer service professionals who can help with any questions or issues. You can reach out through online chat if you need to speak to someone. If you have a question, you can find helpful resources on our website. It could take a while to get a response. When waiting for a response, it’s important to be patient.
I like speaking to people in real-time. Video chat and phone calls can be used to connect with people in real-time for a more personal experience. You can schedule a phone call, conference, or meet someone from the Arrived team. We will be able to speak with you soon.
The investors seem to be happy with the level of service they get from the company. The Better Business Bureau gave Arrived an A rating. It has been featured in a number of publications.
Pros and Cons of Arrived Homes
Pros
- Low start-up cost
- No membership fees
- Easy way to try rental property investing
- Available to non-accredited investors
Cons
- Suited for long-term investments only
- You can probably find better ROI in the stock market
- No mobile app
- No sign-up bonus
Let’s review some of the platform’s most popular competitors after you have a better idea about the pros and cons of Arrived Homes. It’s important to note that Arrived homes may not be the best solution for everyone, so it’s worth exploring other options before making a decision.
Alternatives to Arrived Homes
Fundrise
Fundrise
Most real estate investing platforms are only open to accredited investors, but Fundrise makes it accessible to all investors. This means that anyone can take advantage of the potential opportunity to invest in real estate without the large upfront costs typically associated with real estate investments.
Groundfloor
Groundfloor is a crowdsourced real estate investment platform that focuses on short-term, high-yield returns.
The platform is accessible with a minimum investment of $10 and might be a better fit for those looking for a quick turn around on rental income. It is a great way to build wealth.
DiversyFund
- The Best Real Estate Side Hustles for Extra Income
- Real Estate Crowdfunding for Non-Accredited Investors
- Passive Real Estate Investing: A Beginner’s Guide
The Bottom Line
You can get into the real estate investing game with as little as $100. With Arrived Homes, you can start investing in real estate with confidence and peace of mind, knowing that your investment is backed by a team of experts.
It might be the perfect solution for those with an itch to invest in single-unit rental properties that don’t want the responsibility of managing their own units. It’s easy to get into rental property investments without the hassle of being a full-time landlord.
It is important to remember that Arrived is not going to produce short-term returns. The long-term success of Arrived depends on the users’ willingness to make sound financial decisions. It probably isn’t the right service for you if you don’t have the flexibility to sit on your portfolio for several years. It is almost impossible to flip quick profits with real estate investments. It is important to take the time to research and understand your options before making a decision.
You are one step closer to elevating your personal finance situation now that you know what Arrived brings to the table. Take control of your finances with Arrived today. Making that happen is possible through crowdfunded real estate, traditional stock market investing, and a mix of both. Investing can be a great way to build wealth and secure your financial future.
