Reinvest24 continues to work actively on improving the platform, its security and overall customer’s experience. To make sure we create a safe environment for everyone and become a regulated platform soon, we have updated our KYC onboarding process for our clients, as well as revised our Privacy Policy and Terms and Conditions. In this blog article, we will guide You through the simple process of how to verify Yourself on our platform, in order to start using its benefits.

What is KYC?

KYC stands for Know Your Customer. In other words, we must make sure that you are genuinely who you claim to be. As data protection and investment security is our top priority, this is one of the processes how we protect the platform against fraud, corruption and money laundering.

AML practices have been legislated widely in recent years both in Europe and worldwide and are a mandatory legal requirement for businesses and financial institutions so that their activities are allowed. It means that Compliance with AML standards is not an option, but a legal obligation, especially in the financial, FinTech and banking sectors. And we as a financial institution must be compliant with it.

To do that, from now on, we will use the GetID verification system.

What is GetID?

GetID is an Estonian identity verification startup, that offers secure and scalable solutions to verify customer identity. Recently it was acquired by Stockholm-based tech company Checkin.com for €8.1 million. GetID’s SaaS software identifies users in a matter of seconds with a frictionless and GDPR-compliant solution based on AI-driven image recognition for document verification and face matching. The solution identifies over 900 passports and types of documents, as well as supports more than 190 countries creating a truly global identification service.

Using this solution will speed up the process of reviewing the application which means that You as a client will be able to start using our platform faster than before. All new clients will need to pass the KYC verification process before starting investing. As per our current clients, we will ask to complete the identity verification process once again.

How to pass the KYC verification?

To make the process as easy and smooth as possible, we have prepared a video instruction for You. Watch it to make sure You follow all the steps correctly or use the manual instructions described below. Overall, the process will only take a couple of minutes.

1. Add the information

Once You open an account on Reinvest24, we will kindly ask You to fill out the form with some basic information about You, like Name, Surname, residential address and etc. If You are our current client, You will find all the information in Your investor’s account.

2. Upload Your document

As the next step, we will ask You to upload the photo of Your identification document. The documents accepted are Passport, ID card from both sides or residence permit. Drivers’ license is not accepted.

For that, You can take the link and continue the process on Your mobile phone or computer. Make sure that the document is in focus and visible is full size. You can use the camera of the device (if You use the smartphone, make sure to allow Your camera to access the app in settings) or You can upload it from the storage. If You use the ID card, make sure to upload both sides of the document, even if the other side is blank.

Kindly note, that graphically edited photos, expired documents, or the ones that do not belong to You, will not be accepted. Do not worry if the photo does not meet all the requirements, You can always take a new one.

3. It’s a selfie time

Now, we will ask You to prepare Your greatest smile and take a selfie. You can use the camera from the device. If You are happy with the photo, You can continue or take another snap. Once You complete this step, GetID will compare Your facial biometrics to the photo on Your ID document.

4. Liveness check

Finally, the liveness check is required. You will be asked to perform some simple actions, such as smile, turn Your head to the left, to the right and close Your eyes. Make sure that Your face is always inside the frame. That’s it! Now You are all set and our team will need to review Your application. The KYC will be automatically approved If all the information is filled in correctly and the photos are taken as required. Otherwise, You will receive an e-mail with further instructions and the process should be made one more time. Once the verification is successfully completed, we will send You a notification over e-mail.

We hope this article helped You to pass the KYC verification and You are ready to explore our investment options. If You still have any questions or our assistance is needed, You can always contact our support (support@reinvest24.com) and we will be pleased to assist You through the process.

The post Introducing automated KYC verification process appeared first on .

As long as investments have existed, investors tried to maximize gains and minimize the cash drag. Even the legendary quote says it all – “The time is money”, so don’t underestimate the value of your time, especially, when it comes to investing. But what does that really mean? Let’s take a closer look and find out how to make sure your investments are firing on all cylinders.

What is reinvesting?

Reinvesting is one of the most powerful weapons in the investor’s toolbox. It stands for putting any of your income that certain property generates to purchase additional shares, thus making your money work for you again and again. Despite the fact that having a little extra cash on hand may be appealing, reinvesting can greatly pay off in the long run. The biggest case for reinvesting dividends is the power of compounding returns over time.

In fact, the brightest example of using compounding returns is the greatest business tycoon of all times – Warren Buffett.

One of his first investments was in high school when he and his friend bought a second-hand pinball machine for $25 and installed it in a barbershop. The game proved to be popular with everyone that came into this barbershop. As a result, the entrepreneurial duo reinvested their profits to buy more game machines. In time, they had eight machines in several shops. When the right time came, they sold the venture, and Buffett used his stake to buy the stock for a new business endeavour. By the time he was 26, he’d accrued $174,000 – or $1,692,352.84 dollars’ worth of value in 2021 equivalent.

Here is some of the math to prove this strategy working.

Same 1000 EUR – different investment approaches?

Let’s take as an example investing 1000 EUR in one of our Moldovan projects – Metropolis Business apartments – and see what scenario would bring You more returns?

Option 1

The project description states the following conditions:

• IRR – 15%
• Duration – 12 months
• Monthly payouts

If we invest 1000 EUR in this project and hold it for 12 months, at the end of the loan term, your money will earn you a profit of 150 EUR. Our investment calculator will help us to calculate all the numbers in the blink of an eye – kindly see the screenshot below.

In the mentioned scenario, every month You will receive 13 EUR in monthly payouts and the total balance at the end of the period will be 1,150 EUR.

Option 2

In the second scenario, we have the same conditions, but now we will try to reinvest our monthly payouts of 13 EUR and see what happens.

Reinvesting creates growth

The performance difference comes from reinvesting. To put it simply, every time, when receiving monthly payouts or property repayments, you are adding 1 more violin to play for your financial orchestra. This means that reinvested claim units would also have gained you the interests.

Apart from that, every time you might want to withdraw, you incur costs such as 2 EUR withdrawal fees and taxes, which can quickly reduce any additional returns you’ve gained on both the purchase and the sale. Coming back to Option 2, we see that reinvesting income turned out to gain 14 EUR per month and 1,161 EUR for the same period of time, at the end of the loan term, which is for 11 EUR more than without reinvesting.

For some, it might look to be not a big difference, but when it comes to bigger amounts, the difference is more noticable. It’s 7.3% more in earnings compared to the first option, and it’s only the difference for 1 year. Besides, a true investor uses all the options provided.

To have a broad picture of how it works, do not hesitate to check different principles, loan durations and interest rates, while using our investment calculator, thus choosing the strategy, that fits your needs the best.

Read more about where does investing 100 euros per month get you or how to become a millionaire.

Crowdfunding solutions made investments in real estate easier and created simple techniques that can help investors build up their returns. When it comes to reinvesting smaller amounts – even as little as 1 EUR – Reinvest24 secondary market will be your greatest helper. More information on how it works you are able to find in this guide.

3rd-anniversary Cashback

Whether or not you should reinvest your real estate income depends entirely on the goals you set for yourself. If you are content with what you have, you may feel no need to reinvest your profits. If, however, you are interested in realizing financial freedom and retiring with enough money to live the life you want, you may consider putting it to work again. And it becomes twice pleasant if you are able to use additional bonuses to reach your goals sooner. This year Reinvest24 started to celebrate the 3rd anniversary a bit earlier, giving you a true chance to juice your investment returns. Until 12.05.2021 (included), invest in our projects on the primary market and receive the following cashback bonus from your total investments.

• 0.25 % on investments up to 1’000 EUR
• 0.5 % on investments from 1’001 to 5’000 EUR
• 0.75 % on investments from 5’001 EUR

To participate in the campaign, please read the terms and conditions.

The post How reinvesting at Reinvest24 can increase your returns even more? appeared first on .

The secondary market was a long-awaited tool for our platform and we are happy to announce that now it is available for our investors. For those who are not yet familiar with the concept of the secondary market – it is a place where investors sell their property claim units before its maturity date as well as buy the ones that are not listed anymore on the primary market. And below, we will guide you through the functionality of it as well as answer the questions You might have already.

To buy

In the “Properties” section You will find two markets – primary and secondary. After choosing the secondary market, you will see the list of all properties that currently have at least one claim unit for sale. Also, You can see how many claim units are currently available for this particular property.

After opening the details of the project, you will see its full description as well as on the right side you will see a graph which indicates the “Reflection of the market state”. It shows the information such as, how many claim units are currently available for sale, what is the cheapest claim unit, the most expensive and the amount of investments you should invest in order to buy at least one claim unit. 

For example, you want to acquire 100 claim units for 0.99 EUR per claim unit, but currently, there are only 70 claim units available at this price. In this case, You need to make a decision either to buy just 70 claim units or purchase an additional 30 for the higher price – 1.00 EUR per claim unit. Also, please, note that the cheapest claim units always will be bought first.

After specifying the amount which you want to invest on secondary market, you will see:

• The price per one claim unit;
• The amount of claim units you are able to buy at this value;
• The net amount you are investing;
• The amount of fees, which is 1% of the net amount invested;
• And finally the total amount of the transaction.

At the next step, we will kindly ask You to confirm your intentions and thus approve the investment. In order to do that, make sure you get acquainted with our General loan terms and tick the box that confirms your agreement.

Investor’s account 

Congratulations on making your first investment through our newly baked secondary market! Now let’s take a look at your account and see how these transactions are displayed there.

Besides seeing each transaction you make, on the right side you see the main information about your account. Also the income statement report can be found there.

My investments section will show in what properties have you invested, how much did you invest, the income you have received, as well as how many of your claim units are currently listed for a sale on a secondary market.

Reinvesting

The secondary market can be used for achieving a variety of goals. Some might invest in great properties which were funded years ago, some might buy claim units on a discount, thus reaching new heights for their ROI. But the main advantage of it is that now you are able to reinvest your monthly payouts! Now You don’t need to wait until your account balance reaches 100 EUR (min investment amount at Reinvest24) and put your money to work for you even in a more efficient manner. 

If you wonder where a certain amount of money invested might bring you? No worries! We are not clairvoyants, but our investment calculator sure can help you. Just type in the value you would like to reinvest, add the average yield of the project you are aiming to invest and see how it does the magic of calculations for you.

Selling 

One more remarkable advantage of the secondary market is the fact that now your investments become more liquid. It means that You can exit the property whenever you want to do it (after it is fully funded).

In order to do that, you need to visit the “My investments” section in your Reinvest24 investor’s account. Similar to the last steps, You will see the list of properties you invested in. Just choose the one you want to list on the secondary market and click the sell button. Now you just need to determine how many claim units you want to put up for a sale, as well as the price per one claim unit. Please, note, that you can determine any price you want (discount or premium).

At this stage you are also able to see the expected income or losses from selling. Kindly remember that the initial value of the claim unit is 1 EUR and everything that is lower than that is a discount (read loss). And accordingly everything that exceeds – Your profit.

Now it’s done! As soon as other investors purchase them, your claim units are sold and you will receive your money immediately. Also, these transactions will be visible in your investor’s profile. 

You can also cancel an earlier created order, if you change your mind or in case the order was placed mistakenly.

FAQ

Below we have listed questions that might help you to get acquainted with the secondary market concept even further. 

1. What is the transaction cost on the Secondary Market?

At the moment, the secondary market has the same terms and fees as our primary market – 1% for buyers and 0% for the seller.

2. When can I sell my claim units?

The claim units can be sold any time, after the property is fully funded.

3. Where can I see the discounts if there are any?

The initial value of the claim unit is 1 EUR, therefore if you buy claim units cheaper – it is considered to be with a discount. For example, the claim unit per 0.98 EUR comes with a -2% discount. The claim unit per 1.02 EUR comes with a +2% premium. 

4. How many claim units are available on the Secondary Market for each property?

Under the “Properties” section – there is a “Secondary market” filter. This will display all the properties with the claim units available for buying at Secondary Market. The amount of available claim units and their prices are displayed in the “Reflection of the market state” graph. 

5. When I want to sell my claim units, what price can I set?

There is a limit of +/- 50% per claim unit price in order to avoid any unrealistic prices such as 1000% premium per unit. However, bear in mind that cheapest claim units will be sold first.

6. Where can I see the claim units I have listed for sale?

All your claim units are visible in the section “My investments”. It is possible to see how many claim units of a particular property you have, as well as how many of them are currently listed for a sale on the secondary market.

7. How can I declare the capital gains from the Secondary Market ? Will you supply the tax report?

Reinvest24 does provide the income and tax report and all capital gains/losses from the secondary market transactions are listed there.

8. How long are the sales offers active?

The sales offers are active for 30 days or until the order is cancelled.

9. Can I list for a sale the claim units in default/overdue?

Yes, the sellers are allowed to list any claim units they own.

10. If I buy the claim units from the rental property, how are monthly dividends shared? 

The income for the whole month will go to the user who holds the claim unit at the time of the income payout. For example, the seller owned claim units for 29 days and the buyer owned it for 1 full day of the month, in this case, the buyer will receive all the dividends accrued during the period of 1 month.

11. Is it possible to sell partially? 

Yes, it is possible to sell the claim units of your property partially. Besides, you can determine different prices per each claim unit. 
We hope you are now more educated about how things are working on our secondary market. If you still have some questions left, please, do not hesitate to reach us out (support(at)reinves24.com) and we will be more than happy to assist you.

The post A complete guide to Reinvest24 Secondary market appeared first on .

Share your love for real estate and get a commission. That’s how easy it is to earn money with the Reinvest24 Affiliate program. We are proud of our 14.6%* total combined return for our investors. But now we offer you an additional way to earn rewards from sharing your experience about real estate investment platform. Anyone can join the Reinvest24 Affiliate program and start earning commission straight away. If you love investing in real estate and earning credit, keep reading.

Sign up and invite your friends to invest in real estate with Reinvest24

After you have created an account on Reinvest24, you will undergo our KYC procedure to identify yourself. Once this stage of creating your Reinvest24 profile has been completed, you’ll see an ‘invite friend’ button in your menu. Click on the button, and you’ll be able to send an invitation link to your friends, inviting them to also join Reinvest24 and starting investing in real estate from 100€.

Spread the word about Reinvest24 on social media

As well as being able to send invites by email, you can use your personal invitation link on social media. By sharing your unique link on social media, you’ll be able to attract everyone’s attention. It means you can increase your chances of finding a friend who is interested in investing in real estate, just like you.

How do you get a commission from Reinvest24 affiliate program?

Since your invitation link has a unique code, Reinvest24 will always know when someone signs up through your invitation. When someone clicks on the link you share, they will land on the Reinvest24 page and a cookie will be created on that person’s browser to remember that they received an invitation from you. If your friend registers on Reinvest24 within 30 days after clicking on your link, it will be counted as your referral. Your friend must make an investment in order for you to receive a commission.

How much commission do you make?

As soon as your friend makes their first investment, you will receive a 1% commission on the amount invested. Your commission comes from our own profit, meaning your friend’s invested capital is untouched and invested fully in the chosen investment property. For example, if your friend makes an investment of 100€ in real estate, you will receive 1€ as commission. However, a higher investment of 10,000€ would also mean a higher commission of 100€.

Receive money from all investments made during 365 days

We offer our affiliate partners the unique opportunity to receive a commission from all of the investments made by invited friends during their first 365 days. Lots of platforms offer only one-time commissions when friends sign up. Reinvest24, however, will reward you 1% commission on every investment made throughout your friend’s first year as an investor on Reinvest24.

Keep track of your invitations

You are able to check the progress made by your friends under the ‘invite friend’ menu on your profile. There you will see a detailed graph, showing you the number of friends who clicked on your invitation link. Also, how many successfully completed the KYC procedure and how many actually invested in real estate with Reinvest24.

Get paid for sending your friends 10 EUR gift

UPDATE: All the new users that sign up through your referral link will receive 10 EUR bonus after successfully completing the registration! This bonus money will cover the entry fee for up to 500 EUR investment.
Our experience shows that when users sign up to Reinvest24 they usually make a small initial investment to test our real estate investment platform and see how it works. Once seeing the fruits of their initial investment, users usually gain more confidence and invest even more capital. This is extremely encouraging, as it means our investors trust Reinvest24 more and more with each investment. It’s also great for you, as it means you will receive more and more commission with each investment your invited friends make.

Use your commission to diversify or cash out

Just like with the rental yield from your investments, you can either choose to reinvest your profits and diversify your investment portfolio or cash out straight away. Once an investment is received, you receive your 1% commission, which you can cash out or reinvest into other properties. Reinvesting in real estate would be the smart thing to do as real estate prices have grown and always will.

Become a Reinvest24 Affiliate program user today

So there you have it. As well as investing in real estate starting from 100€, you can invite your friends to also invest with Reinvest24, granting you 1% commission on every investment they make during their first year using our real estate investment platform. All you have to do is join now, click on ‘invite a friend’ and you will start earning commission from the Reinvest24 Affiliate program instantly.

The post How does the Reinvest24 Affiliate program work? appeared first on .