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What is this property investment product all about?

This property investment product allows you to invest in real estate by purchasing shares of properties. You can become a part-owner of properties, earning income from rent and benefiting from property appreciation over time.

How does the investment process work?

It's a simple three-step process. First, invest early at a low price, securing your ownership stake in properties. Second, receive a share of the rental income generated by these properties every month for 5 years. Finally, after 5 years, you have the option to "cash in" when Cribstock sells your investment property at a potentially higher price due to property appreciation.

How much money do I need to start investing?

The entry price for each property investment may vary. However, you can begin investing with a low amount like NGN 50,000, making it accessible compared to traditional property ownership with its huge capital requirement.

How do I earn rental income from my investment?

You'll earn a portion of the rental income generated by the properties, up to 10% per annum. This income is distributed to you on a monthly basis at 0.84% per month, providing you with a steady stream of passive income.

What is "price appreciation," and how does it benefit me?

Price appreciation refers to the increase in the value of the properties over time. As the properties' value grows, so does the value of your investment. When you decide to "cash in" after 5 years, you can potentially sell your investment for a higher price, resulting in a profit.

Can I exit my investment before 5 years if needed?

No, you can't. Generally, the investment term is set at 5 years to maximize potential gains from property appreciation

Where will I receive my payment when the property is sold?

Your payout is sent directly to your Cribstock main wallet. From there, you can manually withdraw the funds to any bank account in your name.

Who manages the properties and takes care of maintenance?

The properties are professionally managed by experts in the field. They handle property maintenance, tenant management, and other operational aspects, relieving you of the responsibilities of property management.

Is this investment risky?

As with any investment, there are risks involved. Property values can fluctuate, and there's no guarantee of profits. However, real estate has historically shown resilience and the potential for long-term growth.

How do I get started with this property investment product?

Getting started is easy! Simply create a free account, explore the available investment opportunities, choose the properties you're interested in, and make your investment. The platform is easy to navigate.

How can I learn more or get assistance with my investment decisions?

If you have further questions or need assistance, our customer support team is here to help@cribstock.com . You can also consider consulting with your financial advisor to ensure that this investment aligns with your overall financial goals.

What is the average number of guest bookings per month?

We currently average 20 nights per month across our properties at an average price of NGN65,000 per night, which equals NGN1,300,000 per month.

Who is responsible for marketing and managing the daily operations of this property?

A property manager, such as Spaceelement Designs who has a network of short-let agents can take on the responsibility of marketing and managing this venture on a yearly basis. In exchange, they will charge a 10% fee from the rental income.

Is it possible to withdraw my initial investment capital at all?

You cannot withdraw your initial capital until the expiration of the deal timeframe where all items and fittings used to stage the leased apartment would be auctioned and the proceeds would be paid out according to the stake you own.

What are the fees charged by Cribstock for facilitating these deals?

Cribstock charges a 20% commission from the total rental revenue

What is the minimum amount that I can invest?

Share entry prices vary on each deal. The minimum entry price for every deal is stated on the body of the deal as “Share price” which can vary between NGN150,000 to NGN1,500,000

Is it possible to own multiple shares within the same or different properties?

Yes you can own multiple shares across one or multiple property ventures.

How is the annual rent for the property renewed?

Out of the total gross income per month, about 25% is deducted towards rent, estate/community dues and service charge.

How often can I withdraw my earnings?

Rental earnings are paid on the last day of every month and you can withdraw your earnings as often as you desire after the probation period for a property.

On average, how much can I earn per year?

You can earn a minimum of 25% per annum

How long will I earn from this investment before it expires?

Your one time investment into any rental venture qualifies you to earn for 7years before the expiration of the contract.

What are the potential risks?

Force Majeure: There are underlying risks of force majeure, which are events or circumstances beyond our control that may hinder us from accomplishing some or all of our outlined goals. Examples of such events include flooding that destroys properties, outbreak of war, and riots resulting in destruction of properties, economic downturns, government legislation, disease outbreak, among others.

Loss of rental contract: While this is an addressable risk by ensuring that the landlords permit us to refurbish and sublet their properties for up to seven years at an agreed annual or monthly rent price, it still remains a potential risk.

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Cribstock is a peer to peer commercial real estate and digital asset trading platform.

Funds pooled together by users to buy a property are held in Trust by Cardinalstone trustees (RC-1232616) a SEC licensed trustee and a member of the Cardinalstone partners to protect you and other users from fraud.

Properties acquired by users through Cribstock are held in trust by Cardinalstone trustees (RC-1232616) a SEC licensed trustee to protect every user’s ownership stake, rights and against mismanagement or fraud of any kind