InRento, previously BitofProperty is a peer-to-peer real estate crowdfunding platform based in Lithuania. InRento helps investors invest in real estate projects and acquire shares of properties listed on the platform. You can invest in projects backed with a 1st rank mortgage and earn an average annual interest rate of 7.97%. You can start earning monthly rental income and growth in the capital by investing as low as €500.
Until 2022, not even a single investor has lost money on the platform. Individuals and companies can invest in InRento. InRento has a secondary market where you can sell your investment before maturity.
InRento merged with an Estonian startup EvoEstate to become the largest licensed buy to let crowdfunding platform in Europe. It also acquired Estonian real estate platform BitOfPropery and expanded to Spain at the end of 2021.
InRento Review: Quick Facts
- InRento is a real estate peer-to-peer crowdfunding platform based in Lithuania.
- You can invest as low as €500 and start earning monthly rental income and also get growth in capital.
- When you invest in InRento, you earn an average annual return of 7.97%. InRento has a secondary market where you can sell your portfolio before maturity.
- InRento has a secondary market where you can sell your investment before maturity. However, it does not have an auto-invest feature.
Who Can Invest in InRento?
Individuals and companies can invest in InRento. Individual investors must:
- Be at least 18 years old
- Live outside of the U.S
- Comply with KYC
InRento was started in 2020 in Lithuania. As at 2022, the platform has invested over €14.5 million and there are over 2900 active investors. InRento is licensed and regulated by the Bank of Lithuania.
How InRento Works
Being a real estate crowdfunding platform, InRento attracts investors and borrowers. The investor issues a loan to a borrower to fund a real estate project. The loan is secured with a mortgage. The borrower then uses the funds for a real estate project. After completion, the property is rented out and starts generating rental income for the borrower. In case the property is not rented, the borrower is expected to pay a fixed interest.
If the property is rented out, the borrower and the investor share revenue. The revenue sharing formula is defined by the loan terms. Every month, the investment will be earning the rental profits that are distributed amongst the investors.
How to Invest in InRento
To start investing in InRento, you first need to sign up for an account. To sign up for an account, you need to go through an identity verification process. You will also need to do identification through a webcam selfie. You will also need to upload a passport or ID card. Once you have an account, you can transfer money for investment to that account. InRento has partnered with Paysera to allow investors to transact and invest. The monthly rental income received will be deposited in the Paysera account.
Then look for a real estate project to invest in on the platform. Click on the “Projects” menu and you will be in a position to see project listings. InRento provides descriptions and documents relating to a project, thereby helping an investor make an informed decision. InRento does due diligence before approving and posting a real estate project on the platform. If you want to exit the investment platform, you can sell your investment in its secondary market.
InRento has the following investment features:
InRento has a secondary where investors can trade with other investors. Investors can sell their portfolios to other investors if they want to exit the platform.
It is free to sign up on InRento. However, when a property is sold in the secondary market, the seller pays a transaction fee of 2%. The borrower also pays a fee of between 3.5% and 7% of the amount of crowdfunding funds collected for a project. If the borrower wants to terminate the contract, he needs to pay 2.5% of the amount of crowdfunding funds raised for a project.
Apart from Lithuanian residents, individual investors must pay a 15% withholding tax on the earnings from interest.
Benefits of Investing in InRento
As an investor, it is always a good thing to put your money somewhere where it can earn interest. This is the main reason why most of the world’s richest derive their income from investments. There are several reasons you may want to invest in InRento:
- Access to real estate investments. As mentioned above, real estate is known for its large barriers to entry. InRento enables you to invest in it at least €500.
- Monthly payouts. Unlike other investments, InRento guarantees monthly payouts, which guarantee good cash flow.
- Diversification. InRento enables you to diversify your sources of income.
- High rates. The average interest rate in InRento is 7.97%. This is more than what you earn from other investments like bonds.
- No auto-invest feature
Is InRento Safe?
InRento is licensed and regulated by the Bank of Lithuania and follows regulations of crowdfunding operator activities. Also, InRento does due diligence before listing a project on the platforms. Besides, every loan is backed by mortgage security. Investor funds are also held in a separate account with Paysera to enhance security.
InRento has “Excellent” ratings of 94% on Trustpilot. Many investors applauded the platform for its high returns, good track record, and mortgage guarantee that secures their investment and is trustworthy and transparent.
InRento Supported Countries
It is possible to invest in InRento projects while you are in any country apart from the U.S and North Korea.
InRento Customer Support
You can reach InRento through an email: firstname.lastname@example.org, phone: +37069347427, or via their website.
You can use the following companies to invest as an alternative to InRento.
Summary of InRento Review
InRento is a platform that can help you earn monthly income and grow your capital through rental income. You will be earning an average annual interest rate of 7.97%. Loans are secured with a first mortgage while the investment platform is licensed and regulated by the Bank of Lithuania. InRento has a secondary market where you can sell your loan before maturity. Also, if you want to exit the investment platform, you can sell your portfolio in this secondary market. However, it does not have an auto-invest feature, meaning you have to manually select loans to invest in.