Imagine Joining This Reliable New Investment Opportunity Today For Free, Thanks To Forge & Foster
Imagine Joining This Reliable New Investment Opportunity Today For Free, Thanks To Forge & Foster
Soaring real estate prices have locked many Canadians out of the housing market — and the wealth gains that come with ownership.
“For too long, real estate has been behind closed doors and not accessible to everyone,” says Joe Accardi, Partner & CEO of Forge & Foster. “We want to bring real estate to all Canadians. addy is something that we’re really excited about.”
What is addy?
addy is a Vancouver-based start-up offering crowdfunded real estate investments to help all Canadians profit from the housing market.
“We’re investing in 150 addy memberships so that we can bring real estate to everyone,” says Accardi.
Since 2018, addy has been buying institutional-grade commercial real estate properties that investors can buy passive fractional ownership shares of for as low as $1 or as much as $1,500.
“We’re investing in 150 addy memberships so that we can bring real estate to everyone,” says Accardi.
That’s right: thanks to Forge & Foster, you can now skip the $25 membership fee. But only 150 of these memberships are available and they’re going fast, so act now!
How Does addy Work?
addy identifies investment opportunities and puts them through due diligence by looking at financial statements, then gets approval from an investment committee to ensure the property makes sense economically.
“There are no fees on transactions, acquisitions, or withdrawals because the goal of the platform is accessibility,” addy co-founder Stephen Jagger told The Globe and Mail.
“There’s no opportunity where we would ever win on a property and (investors) would lose,” Jagger said. “One of our core values of business is win-win or no deal so we are completely aligned with our crowd.”
Once addy acquires a property, it divides the investment into equal increments of $1. For example, a $500,000 property would be divided into 500,000 units.
Then investors can invest as little as $1 or as much as $1,500 in any building. Investments are locked in for various lengths of time depending on the building.
It’s different from a real estate investment trust (REIT) because investors know exactly what properties they have invested in.
What are addy‘s main benefits?
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- No fees — thanks to Forge & Foster waving the $25 membership fee
- Pride of ownership
- No need to qualify for a mortgage
- No downpayment required
- None of the pain of managing a property
- No closing costs
- No need to find tenants or maintain the property
- You’ll get a share of rent and gains on the property when it’s sold
“Hamilton is a very fast, exciting, electric city that is primed to have an amazing decade,” says Accardi.
Some of the fast-growing asset classes Forge & Foster are excited about include:
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- The film industry
- Tiny cottages and tiny homes
- Biotech
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“Real estate is a top asset class, but most people can’t afford to invest in it,” addy CEO Michael Stephenson told the Toronto Star. “This is a way to make housing investments accessible to everyone.”
“We believe everyone should have the opportunity to own property through access to real estate investing at any amount, regardless of income, age, or other conflicts,” Stephenson told Yahoo Finance Canada.
“Join addy. Take a look at their projects. You can invest in a project that you’re excited about,” says Accardi.
What are the experts saying?
“I feel that real estate crowdfunding can be a viable tool for those who want to invest in real estate but are restricted due to a lack of money or credit,” says Mark Ting, CBC’s finance columnist, who is investing in addy with his children.
“Small investments in multiple projects add up over time. That makes it appealing for young people who want to get in the habit of investing — which now can be done in real estate for as little as the cost of a daily cup of coffee,” Ting says.
“A crowdfunded model comes with transparency and tangibility,” Tina Tehranchian, an Assante Capital Management Ltd. senior wealth adviser told the Globe and Mail. “You can drive by the property and boast to your friends that you have a share of ownership of this property.”
“Join addy. Take a look at their projects. You can invest in a project that you’re excited about,” says Accardi.
How to join addy
Sign up for addy now and skip the $25 fee, thanks to Forge & Foster.
(Psst: If you’re a good pal, you’ll tell your friends about addy so that they can grow their wealth, too!)