ReInvest24 review 2021
Read this ReInvest24 review and learn more about the platform.
Overview of ReInvest24
We find the return compared to the safety favorable.
The ReInvest24 platform is very beginner friendly.
ReInvest24 has made a lot of safety measures.
Investors get an average return of 14.80%.
We Don’t Like
Summary: ReInvest24 offers a fantastic way of getting invested in real estate. They are experts in their field and have worked with properties since 2005. Their platform offers one of the most compelling user experiences in the industry, and the projects on the platform are of high quality. Even though ReInvest24 is still a smaller platform, it is definitely worth investing on. We highly recommend taking a closer look at the platform.
It’s completely free to sign up on their platform
Last updated: February 18, 2021
Introduction to our ReInvest24 review
ReInvest24 is a relatively new platform. And with only a few ReInvest24 reviews out there and encouragement from multiple parties, we decided to try out their platform. The sole purpose of this ReInvest24 review is, therefore, to assess whether the platform makes a good choice for real estate P2P investing, and how it compares to other real estate crowdfunding platforms.
In this ReInvest24 review, you can learn from our experiences with the platform before deciding if you should use it yourself. But without revealing too much, we can already tell you now that you are in for a treat with this platform.
Before you dive further into the review, we want to remind you that it only reflects our opinion about the platform. Therefore, nothing in this ReInvest24 review should be granted as financial or investment advice. We invest at our risk, and you invest at your risk. If you are in search of something specific about ReInvest24, feel free to use the table of contents below. Enjoy!
Learn about the following in our ReInvest24 review:
What is ReInvest24?
ReInvest24 is a real estate investment platform. The company, ReInvest24 OÜ was founded in 2017 by Tanel Orro – a former employee in asset management at LHV. The platform launched in 2018. Despite being a relatively new company, the team behind has hands-on experience in the real estate industry going all the way back to 2005.
The platform itself makes it incredibly easy to invest in real estate oriented projects. On the platform you will find several types of investment opportunities:
Investments on the platform have a minimum requirement of €100. This may sound like a lot compared to other Peer-to-Peer lending sites for investors. But since there are only a few, but very carefully selected projects on the platform, it actually makes a lot of sense.
|Interest rate:||13 – 17 %|
|Loan period:||6 – 12 months|
|Loan type:||Real estate|
|Loans funded:||€ 12,000,000 +|
|Min. investment:||€ 100|
No investment is 100% safe. So even though ReInvest24 protects your money with collateral, mortgages, etc., you still risk losing your invested capital.
ReInvest24 Trustpilot reviews:
Investors have given ReInvest24 a warm welcome on Trustpilot. At the time of writing, all the reviews are positive. This has resulted in an excellent rating on Trustpilot:
With investors having an excellent experience with ReInvest24, the platform is definitely worth taking a further look at:
In the following part of our ReInvest24 review, we will explain some of the main features on the platform, and why they are great for you as an investor.
1. Sell shares on the ReInvest24 secondary market
In late 2020, ReInvest24 introduced a secondary market to its platform. This made it possible for investors to sell shares before planned if they want to withdraw some cash from the platform.
To access the sell option on the platform, simply go to “My Investments”, and click “Sell” on the investment you would like to sell. You will then be met with the following screen:
At the time being, the fee for selling on the secondary market is 0%. Buyers will still have to pay the normal 1% fee like on the primary market.
What rate of return can you expect?
Since there is no option to use auto-invest, your return depends on which projects you choose to invest in. On average, the return on ReInvest24 is 14.80%.
It is very easy to find out what your return will be when choosing a project on the platform. When you click at a specific project you can enter what amount of Euro you want to invest. Then you can quickly see an estimate of how much you want to earn from the given investment:
However, ReInvest24 could make it clearer how much you estimated income would be. If one is not too good at math, then it should not be necessary to find a calculator to add the numbers together.
Who can invest via ReInvest24?
It is stated in ReInvest24’s FAQ that everybody can invest on their platform if they are older than 18 years old, and their active legal capacity is not restricted. Furthermore, a KYC verification is also mandatory in order to start investing on their platform.
Getting KYC verified is as easy as sending a picture of your passport. From there you should be verified within 24 hours.
If you comply with these requirements, you can easily become a ReInvest24 investor. Simply follow this process:
- Create an account
- Verify your identity with passport or ID-card
- Transfer money to your account
- Invest your money
As you can see, it is really easy to get started using ReInvest24.
If you want to become a ReInvest24 investor, simply press the button below to set up an account. It’s probably the quickest way to go from reading this ReInvest24 review to actually investing yourself:
Is ReInvest24 safe to use?
The security of a platform is always one of the most important for investors. As in our other reviews, we have also taken a look at the security of the platform in this ReInvest24 review.
We believe that enough has been done to secure you as an investor. But if you’re considering investing through ReInvest24, we strongly recommend spending a few minutes watching this video:
The video explains the structure of the company, how the investments are secured, how property shares work and much more. We couldn’t have explained it ourselves better, which is why we added ReInvest24’s video.
How we decided to invest
We decided to test the platform with the minimum investment of €100. We picked the project that at the time promised the highest return on investment. The project we ended up buying was this land plot with cash flow and a signed buyout:
The return on shares of this investment project is estimated at 12.28% return annually. We will, of course, let you know the investment develops.
The information provided about the project was thorough, and buying shares in it was easy. As you can see on the image below, there is also high transparency in what you pay for upon investing in a project:
Due to transaction costs, we ended up with 98 shares of the land plot with cash flow and a signed buyout.
Conclusion of our ReInvest24 review
One can feel that ReInvest24 is a new platform that does not have the same amount of investors as, for example, Mintos. Despite this, they have a really good and user-friendly platform.
The fact that there are not many projects on the platform is not a bad thing in ReInvest24’s case. This has meant that the quality of the projects is top notch. However, it has the disadvantage that it is difficult to get onto the platform and become properly diversified if you have 100,000 of the euro you want to be invested. Here, using ReInvest24 in combination with other ReInvest24 alternatives like EstateGuru, Crowdestor, Bulkestate, and Crowdestate will be a good idea. But for the ordinary retail investor with a smaller investment portfolio, ReInvest24 on itself is a very solid and obvious choice.
We are positive about the platform and look forward to seeing how the development of the ReInvest24, but also our own investment on platform, continues in the coming months and years.
Would you like to invest in the platform after reading our ReInvest24 review? Then click the button below to sign up: