Dot Residential launches new property investment product
By Theo OsbornDot Residential has launched a new real estate investment category, revive-to-rent, which focuses on improving the standard of UK rental housing stock
Section: Fintech
The proptech platform will allow investors to acquire, finance and improve properties on a turnkey basis online.
Dot packages up everything required to turn a property into a cash-flowing investment, including pre-approved financing, fixed-price refurbishment, legals, conveyancing, turnkey lettings and management.
It aims to deliver a return on equity of between 25–50% and investors must contribute a minimum 25% deposit, with Dot advancing a 75% revive-to-rent loan to cover balance and refurbishment costs.
Lucy Sharp, co-founder at Dot Residential, said: “We anticipate that it will become completely normal for people anywhere in the world to acquire, renovate and hold properties — and build a portfolio — without ever visiting them in person.
“Our technology already facilitates this.”
Dot focuses on cities outside of the South East, including Manchester, Birmingham and Leeds.
Gray Stern, CEO and founder at Dot Residential (pictured above), believed that tired and unloved properties in major cities presented an exciting investment opportunity.
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