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What Is HoneyBricks?
HoneyBricks is a real estate investment platform for accredited investors. Unlike competing platforms which typically require investing at least $10,000 into private real estate deals, the minimum investment can be as low as $1,000.
In addition, unlike your run-of-the-mill crowdfunded real estate platform, you use digital securities to invest in real estate instead of paper shares. Sometimes known as ‘Tokenized real estate’, it appears to be the next investing trend, and this platform is an early adopter.
Unfortunately, HoneyBricks is a new platform currently recruiting its first investors (as of August 2022). Its first investment offerings will launch in October 2022. As a result, some will be apprehensive about investing too much until the platform can establish a track record of credible performance.
How Does HoneyBricks Work?
HoneyBricks operates through a process that is as transparent as it is straightforward. Potential investors explore the platform’s carefully selected real estate projects, each offering detailed information about expected annual returns, the property itself, and the underlying business plan.
Once an investor decides on a project, they can make investments using traditional fiat currency or USD Coin, a stable cryptocurrency. For crypto investors, an Ethereum-compatible wallet is a necessity to engage with the platform.
Investors receive real estate tokens representing their fractional ownership in the property. These tokens entitle the owner to their share of the rental income generated by the property, turning real estate investing into a source of passive income.
One of HoneyBricks’ most significant innovations is the introduction of a secondary market for these real estate tokens. Traditionally, one of the biggest issues with real estate investing is the lack of liquidity, with investors usually having to hold onto properties for several years. HoneyBricks’ secondary market lets investors sell their tokens to other users, providing an unprecedented level of liquidity.
While currently only accepting accredited investors, HoneyBricks aims to expand its platform to non-accredited investors in the future, broadening its appeal and potential user base.
HoneyBricks charges an annual management fee, although the exact rate can vary depending on the individual property. They’re upfront about their fee structure, providing investors with all the necessary information before they commit. Also check out our First National Realty Partners Review.
HoneyBricks Pros and Cons
Below is a summary of the positives and negatives of investing with HoneyBricks.
HoneyBricks’ Commitment to User Experience and Support
The user-friendly interface and support system of HoneyBricks is one of the aspects that set it apart. The platform is easy to navigate, with a visually appealing website that offers a clear overview of available investments and comprehensive information about each property. Cryptocurrency wallet functionality is integrated seamlessly for transactions.
HoneyBricks also offers a robust customer service, available via email, phone, or live chat. Their customer service team is known for being responsive and accommodating.
HoneyBricks’ Community & Educational Resources
HoneyBricks is not just an investment platform; it is also a knowledge hub for investors. They believe that informed investing is the best kind of investing, and they go the extra mile to equip their investors with the necessary resources.
Education Center: HoneyBricks’ educational center is a treasure trove of articles, guides, and explainer videos. This content ranges from basic investment principles and real estate investing fundamentals to more complex topics, such as blockchain and tokenization in real estate. This makes it a great resource not only for new investors but also for seasoned investors looking to expand their knowledge.
Community Forum: The HoneyBricks Community is a lively forum where investors can engage with each other, share their experiences, ask questions, and discuss potential investment opportunities. It’s a great place to learn from others and gain different perspectives. Plus, HoneyBricks’ team members frequently join in the discussions, providing professional insights and clarifying any issues or concerns.
Webinars & Podcasts: HoneyBricks frequently hosts webinars and podcasts featuring industry experts. These sessions delve into a variety of topics, including market trends, investment strategies, and the future of real estate. These interactive sessions provide ample opportunity for investors to learn and ask questions.
Newsletters: Subscribers receive regular newsletters with the latest news, investment opportunities, and tips directly to their inbox. These newsletters are well-curated and provide a quick way to stay updated with the platform and broader market trends.
This commitment to education and community building sets HoneyBricks apart from many other platforms. They don’t just provide an investment platform; they empower their users with knowledge, helping them make the most of their investments.
HoneyBricks – Final Thoughts
HoneyBricks is a game-changer in the real estate sector, redefining how individuals can invest in real estate. The platform’s ease of use, transparency, and unique approach to providing liquidity in the real estate market make it a standout player.
The platform is not without its downsides. It currently only accepts accredited investors and requires an Ethereum-compatible wallet for those who wish to use crypto to invest. Despite this, the platform’s ability to offer high-quality real estate investments and provide an income stream through rental income is undeniable.
Overall, HoneyBricks is an exciting real estate investing platform that deserves consideration from any serious investor, especially those interested in combining the worlds of crypto investing and real estate investing.
HoneyBricks FAQs
Is HoneyBricks legit?
Yes, HoneyBricks is a real way to invest in multifamily real estate for accredited investors. This investment method is regulated and approved by the SEC. The exchange platform allows investors to buy investment interests directly from real estate sponsors.
Blockchain-based real estate investing is a new concept but can be more transparent than traditional crowdfunding. The platform also makes it easy to trade and transfer your digital shares after the minimum 12-month holding period.
Despite just launching and opening to investors, its leadership team has invested a combined $5 billion in over 100 deals. In addition, the real estate advisors have worked with investment firms, including Blackstone and GE Capital.
What is the HoneyBricks investment strategy?
HoneyBricks seeks to invest in multifamily apartments in the 15 largest cities across the United States. An investor can make money from monthly rental income and appreciating property values.
What are the HoneyBricks customer service options?
The platform offers live chat and has an online help center with short articles.
HoneyBricks Review: Summary
HoneyBricks is an intriguing new platform that uses the latest smart contract technology to make real estate investing more transparent and affordable. It is one of the first services to offer tokenized real estate to eligible investors, which can help provide attractive investment options.
While this platform is only available to accredited investors, you can invest as little as $1,000 into individual properties when similar platforms require at least $10,000 per offering. But while HoneyBricks sounds promising, the big drawback is that they are entirely unproven, having just launched in 2022.
If HoneyBricks interests you but you’re reluctant to invest because of its brief history, I recommend you start by investing small amounts of money and comparing the platform’s performance to the established competition. Or, wait on the sidelines a little longer to see how things play out.
