Up to 85% of the population struggles to buy real estate. Current investing processes typically cost lots of time, money, and sanity. Property investments—beyond one’s current residence—usually cost too much for ordinary folks. These ventures require high up-front minimums and utilize middlemen who take a significant cut in commission. Current loan practices present even more problems. Most institutions only offer loans to individuals with high credit scores. If approved, mortgages typically have expensive interest rates, making it difficult for investors to profit.
The People’s Platform is an application that gives investment power back to the people. Through blockchain-based ownership, members can buy and sell fractions of anything they want, removing the need for expensive processes. Large firms use multiple lenders, each of which has different knowledge about you and your goals. The People’s Platform uses only one known lender, eliminating the need to play catch up. Ultimately, the People’s Platform saves members from commission fees, paperwork preparation fees, and other fees that accompany property purchases.
Minuteman Capital built the People’s Platform on the blockchain. Because of this, users can capture the hash of each transaction. Hash provides detailed information about a transaction, including a detailed time stamp and viewership details. You can use this for recording purposes and simplifying the compliance reporting process. Its origin on the blockchain makes doing taxes easy.
The People’s Platform utilizes a KYC Wallet process to get to know their consumers before trading begins. Since legal restrictions clutter this industry, the People’s Platform has developed a streamlined Property Management process for consumers to register property and generate legal documents showing ownership.
Similar to dividends, users can withdraw a fixed-rate portion of proceeds in cash at any time. You can also leave profits in your account for a large withdrawal or to make additional investments.
More information on the overall ecosystem here.
Signing up is easy. Buyers and sellers enter standard sign-up information about themselves on the website to begin the KYC Wallet process. Once registered, you can view all property offerings and purchase any available assets.
This platform enables you to buy ownership in multiple properties for your portfolio. If you change your mind, you can sell back ownership at any time. Once tax season arrives, our patented tools help investors prepare tax documents and other needed information. The People’s Platform has established purchase terms for each asset, but they allow negotiations for unique conditions.