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Rated 1 out of 5 stars

Website doesn't display correct/accurate information. Doing due diligence requires spending every waking moment in the discord, and even then it's really still impossible to know the financial... See more

Rated 1 out of 5 stars

Lofty is just a marketplace with no real protections for buyers. A property may have an inspection report that passes with flying colors when it gets listed on the marketplace but once someone else ta... See more

Company replied

Rated 5 out of 5 stars

Lofty is the only investment platform that I've found that lets you invest a minimum of $50 for a fraction of an actual property. Love how they've integrated the use of the algorand blockchain. Rent... See more

Rated 2 out of 5 stars

Nice website. But they flip the properties. outrageously. And then claim it's a free market. DYOR. It is well documented. Also the legal foundation is shady at best: a security but not a securi... See more

Company replied

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Company details

  1. Property Investment
  2. Online Marketplace

Written by the company

Lofty is a fractional real estate marketplace. Invest in rental properties without getting locked in (or out). Buy just a fraction of a property and collect your first rent payment later today.


Contact info

2.3

Poor

TrustScore 2.5 out of 5

57 reviews

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1-star

Replied to 71% of negative reviews

Typically replies within 1 month


Rated 2 out of 5 stars

Nice website

Nice website. But they flip the properties. outrageously. And then claim it's a free market. DYOR. It is well documented. Also the legal foundation is shady at best: a security but not a security. be careful.

August 8, 2022
Unprompted review
Lofty logo

Reply from Lofty

Hey there, thank you for your feedback.

Lofty is not a fund. We do not purchase properties, flip them, and then sell them on our website to users.

Instead, we are a marketplace like Airbnb, eBay, or Amazon.

The Lofty marketplace consists of buyers (token investors) and sellers (people who want to sell their properties).

All of the closing documents are publicly available in the "Documents" section of all property pages. There, you will see that Lofty was never the owner of any properties listed on our website – they are all being listed by 3rd party sellers & Lofty is facilitating the transaction.

Because all token holders are active and participate in governance, this constitutes our tokens as not being securities. Lofty does not make any decisions on behalf of the owners. We simply sign documents and pay bills on their behalf after they've granted us permission to do so via our governance system.

Feel free to contact us over our live support chat at https://www.lofty.ai or ask questions in the Lofty reddit community: https://go.lofty.ai/reddit

For more information about Lofty, you can ready more in publications such as NBC News and Cointelegraph:

- NBC News: https://www.nbcnews.com/tech/crypto/crypto-real-estate-investment-landlords-rcna20029
- Forbes: https://markets.businessinsider.com/news/stocks/y-combinator-backed-lofty-ai-launches-tokenized-liquid-marketplace-for-a-i-vetted-real-estate-on-algorand-1030746726
- Business Insider: https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2022/04/06/three-new-ways-to-fund-a-startup/?sh=37b277ff62cc
- Yahoo!: https://www.yahoo.com/now/y-combinator-backed-lofty-ai-163900845.html
- Nasdaq: https://www.nasdaq.com/articles/new-algorand-project-plays-ball-with-sec-now-focused-on-fractional-nfts
- Hackernoon: https://hackernoon.com/neighborhoods-of-the-future
- Cointelegraph: https://cointelegraph.com/news/web3-solutions-aim-to-make-america-s-real-estate-market-more-accessible

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Rated 5 out of 5 stars

Great service

Great service. The only problem I have is the K1s for taxes were a little late. For smaller investors shouldn't be an issue though.

July 31, 2022
Unprompted review
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Rated 5 out of 5 stars

Love love love Lofty

Love love love Lofty, this is the best real estate investment idea and these folks execute it spectacularly
Thanks Lofty for putting together a great company

June 18, 2022
Unprompted review
Rated 5 out of 5 stars

What could be better

What could be better, immediate attractive yields and full liquidity for a private real estate asset....amazing!!! Truly revolutionary approach to real estate investing for mainstream.

June 16, 2022
Unprompted review
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Rated 5 out of 5 stars

Fractional real estate investment at…

Fractional real estate investment at its best! Lofty is a well-designed unique investment proposition for investing in tokenized real estate. You hold title to your fractional share and get monthly reports from property management. Lofty has thought through this process in terms of governance, property management, reporting, payment disbursement, etc. I haven't seen anywhere else doing it at this level.

June 14, 2022
Unprompted review
Rated 5 out of 5 stars

Best Tokenized Real Estate Platform

I have found the platform to be user friendly and easy to access lot of data regarding the listed properties. The decision making is easier with inspection reports, sale history, price projection reports etc. The platform lists properties frequently and thus giving opportunity for buyers to compare between many listed properties. The rent paid is in daily accrual form and hence gives a sense of security for buyers when invested in a particular property. The platform regularly keeps informing buyers of upcoming properties to listed via email and upcoming tab on the website. I would highly recommend everyone to try the website for a small investment and build on the experience gained from the platform for further investments.

June 13, 2022
Unprompted review
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Rated 5 out of 5 stars

Lofty is an amazing dapp built on…

Lofty is an amazing dapp built on Algorand. The team is amazing and buying/selling properties is so easy. Plus earning rent every day is something I never thought I would be able to do without having a lot of money. Really opens the door for the avg investor to get into real estate.

June 12, 2022
Unprompted review
Rated 5 out of 5 stars

Lofty is the best

Lofty is one of the safest and best investments I have ever done. Great team and great product. Most of all what I love is the transperancy of what they do. You can buy properties for as low as $50, and not only do you get the rents the same day but you can also sell back easily as 123.
Not just that, the properties provide for timely appreciation so that your money grows...In for the long haul
Thanks lofty

June 11, 2022
Unprompted review
Rated 5 out of 5 stars

Five-star worthy!

This company is ahead of it time. Tokenized real estate…it’s the future and Lofty does it great! Diverse realty marketplace and they listen to your platform feedback and tech requests. Hands down, one of the most responsive companies I’ve dealt with. I’m in for four figures and my goal is five. This is way going forward for real estate. Lofty and its staff are five-star worthy!

June 10, 2022
Unprompted review
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Rated 5 out of 5 stars

A* Customer Support

I’ve been using Lofty for more than nine months and am continuously impressed with their level of customer service and communication.

They aren’t only supportive through the on-site chat function, but the founders are also both active active on Discord and Telegram. During my time on Discord, I’ve witnessed customer feedback taken onboard and solutions get implemented.

June 10, 2022
Unprompted review
Rated 5 out of 5 stars

Like nothing else

Nothing else in the market is like Lofty AI. The support is almost like talking to the creators in person. The 50 dollars for tokenized real estate is super accesible and the income is accrued daily. The flexibility of paying with crypto, bank or credit cards as well as receiving the money in crypto wallets or bank accounts Makes it a solid financial instrument in any investor portfolio.

June 9, 2022
Unprompted review

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