May 28, 2023
In the dynamic and thriving world of real estate investing, one term you are likely to encounter frequently is 'real estate auction sites.' These platforms offer a vibrant marketplace for buying and selling property, and understanding how to navigate them can provide investors with a competitive edge. This guide will take you through the essentials of real estate auction sites, helping you unlock their potential as a valuable tool in your real estate investing journey.
Real estate auction sites are digital platforms that facilitate the auctioning process of properties. From residential homes to commercial buildings and even vacant land, these online auction sites provide a marketplace where buyers and sellers meet, negotiate, and close transactions. They essentially serve as a bridge, connecting potential investors with real estate opportunities they might not encounter through traditional channels.
Typically, properties listed on real estate auction sites are either foreclosure homes, bank-owned properties, or houses put up for sale by owners seeking to expedite the selling process. Once listed, the property goes up for bidding. Buyers can view the property details, including photos, property condition, location, and any applicable legal details. If interested, they place bids in the hope of securing the property.
There are various types of real estate auction sites, each catering to a specific niche of investors. Some popular ones include government auction sites, foreclosure sites, commercial real estate sites, and more general platforms that list a mix of residential and commercial properties.
For those interested in real estate investing, auction sites offer several advantages. These include access to a wide array of properties, often at a lower cost than traditional market prices; transparency in the bidding process; and, for sellers, a faster sales process than through conventional real estate listings.
Choosing the right real estate auction site for your investing needs requires research. Consider factors such as user interface, customer support, the type of properties listed, and the geographical regions covered. User reviews and feedback can also provide invaluable insights into the reliability and credibility of these platforms.
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Landa Holdings, Inc. ("Landa Holdings") operates the www.landa.app website (the "Site") and the Landa mobile application (the "App")(collectively, the “Platform”). Landa Holdings manages Landa App LLC, Landa App 2 LLC and Landa App 3 LLC (“Landa Issuers”), and raises funds and facilitates the issuance of shares for the Landa Issuers entities through the Platform pursuant to Regulation A under the Securities Act of 1933 (“Regulation A”).
Neither Landa Holdings nor any of its affiliates are a registered broker-dealer or investment advisor. All securities-related activity for the Landa Entities is conducted through Dalmore Group LLC (“Dalmore”), a registered broker-dealer and member of FINRA/SIPC, You can review Dalmore's brokercheck for Dalmore. Banking services are provided by Evolve Bank & Trust, Member FDIC. By opening a custody account on the Platform, you agree to Evolve Bank & Trust’s Custodial Agreement.
Further, Landa Management LLC, a wholly-owned subsidiary of Landa Holdings, manages Landa Financing LLC (“Landa Financing”), and raises funds and facilitates the issuance of shares for Landa Financing through the Platform pursuant to Regulation A. All securities-related activity for Landa Financing is conducted through Rialto Markets LLC (“Rialto”), a registered broker-dealer and member of FINRA/SIPC (for more information on Rialto, review Rialto’s brokercheck for Rialto.
You should speak with your financial advisor, accountant, and/or attorney when evaluating any offering of securities. Neither Landa Holdings, Landa App, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or a recommendation to buy or sell any securities. The Site and/or the App may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration. We urge you to review the applicable offering circular, available here.
All securities offered by the Landa Entities and Landa Financing are deemed “Shares”. Investing in Shares involves risks, and there is always the potential of losing money when you invest in Shares. Past performance is no guarantee of future results. Investments in Shares are speculative and involve substantial risks to consider before investing, outlined in the respective offering materials and including, but not limited to, illiquidity, lack of diversification, and complete loss of capital. An investment in Shares constitutes only an investment in a particular offering and not in Landa Holdings, Landa App, or any of the underlying asset(s). Investors should carefully review the risks located in the respective offering materials for a more comprehensive discussion of risks.
All Shares will be issued in electronic form only and will not be listed or quoted on any securities exchange. After a Series’ offering has concluded, we expect that the Public Private Execution Network Alternative Trading System, or PPEX ATS (the “Secondary Trading Platform”), which is registered with the SEC and operated by North Capital Private Securities Corporation (“North Capital”), will be the only venue available for the resale of Shares. Resales of Shares will be conducted by Dalmore, as a broker-dealer member of the Secondary Trading Platform; provided, however, any such resale of Shares will be subject to federal and state securities laws and the restrictions in the Series’ Operating Agreement, and there can be no assurance that an active market for any Shares will develop on the Secondary Trading Platform, that the Secondary Trading Platform will be available to allow resales of Shares to residents of all states, or that the Secondary Trading Platform will be available at all. For these reasons, investors must be prepared to hold their Shares indefinitely.
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