Housers brings investors together to buy property in prime locations and then earn a healthy return on their investment through rental income and/or sale of the property.
Housers claim that you get the benefits real estate investment without all the administrative and legal headaches that normally go with buying a house. They search for properties under market value that will provide a good return on investment and the chosen properties are listed on the website with details. Each property has its own forum where users, investors and developers can discuss the progress of each project.
Who can invest?
Both local and international investors are welcome except for a handful of restricted countries including Afganistán, Angola, Argelia, Corea, Ecuador, Guayana, Indonesia, Iraq, Irán, Lao PDR, Myanmar, Panamá, Papua Nueva Guinea, Siria, Sudán o Yemen. You will need a NIE (identification number) if you are not resident in Spain. You can ask for it at your local consulate or Housers will help you with the process.
Level of investment
Housers recommends you invest at least 1000 euros in each project but the minimum level of investment is just 100 euros.
How does it work?
Funds are paid into the payment processor LemonWay and are blocked until 100% of the funding needed to buy a property is reached. If the total is not reached, the funds are returned to your account.
Housers does not charge any setup fees and only charges if you earn any profit, from which they will deduct 10% commission and admin fees. If you don't earn any profit, you pay nothing.
You will receive your profits in the form of dividends. If the property is rented you receive dividends each month, and profits from a sale upon completion of the sale.
At the time of writing the website is only in Spanish, but I am sure that will change in the future!
Have a look at the type of properties you can invest in for €100 at www.housers.es