Argentina: How the innovative digital platform for real estate, Simplestate, works

November 3, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

This new platform has more than fifteen projects so that the user can invest both from his website and with his associates who are real estate agents with great experience

Simplestate works with the crowdfunding system, it is a collective financing network that, through a digital platform, allows a certain real estate project to be financed thanks to the contribution of several parties, a model that proved to be highly effective in various areas. 

With this new financing trend it allows you to invest in properties with amounts from US$1,000 and obtain a return of up to 22% in dollars. It proposes a system of micro investors through which the buyer accesses a percentage of the property in order to ensure a stable return.

This system was designed for all those people who decided to take their dollars from the bank and here they can bet on their own home without having to invest large amounts and the security provided by the brick is high. It arises in response to a need for the small and medium investors. The differential compared to other crowdfunding companies in the region which have just started to build after 100% of the investment is obtained, is that Simplestate, as it builds with its own funds, does not need to reach 100% to start the project. Something interesting is also that when the investor invests for more than a small amount he can go to see his work progress since there is a schedule made where there are permanent visits.

The projects they have at the moment have diversity; The majority focuses on one of the best areas of Federal Capital, as is Palermo, but they also have properties in the Nordelta Golf District, you can see the different options by entering their website. The deadlines can be 8 to 10 months or 24 maximum, with returns that vary according to each project and do not require monthly installments but let the investor choose how much they want to invest and based on that investment they offer their profitability. The most attractive thing about this model is that one can monitor their investment in the platform month by month and can reinvest in another project in a very agile way.

The target audience of the platform is very broad; It varies from those who want to buy a home for their child without demanding a fee, for millennials who want to invest simply to have a return to go on vacation or for the investor who wants to invest in various scenarios; Short, medium and long term instead of buying a single apartment.

The faces behind Simplestate are Gonzalo Abalsamo, former Manager of 365, Founder of Digitalycs, Marketing company and Joaquín Sepúlveda Lemus, present in the construction industry for more than 10 years. The experience of both allowed them to share a much larger coworking space.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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