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Welcome to Lofty's FAQ 👋
FAQ
What is Lofty?
How does the Lofty Marketplace work?
Which payment methods can tokens be purchased with?
Can non-US citizens participate?
Can I sell my tokens anytime?
How does Lofty make money?
How do taxes work?
How does governance work?
How are repairs handled?
How often do I receive rental income?
How do I withdraw my rental income?
Do I benefit from depreciation?
Will I lose my tokens if Lofty AI goes out of business?
As an owner am I liable if any lawsuits / accidents occur at the property?
Who manages the properties?
What is your Property Manager's process and tenant selection criteria?
Are Lofty properties purchased using debt?
Who owns the properties that are being listed on your platform?
How long after I pay will I receive tokens in my Algorand wallet?
Does the price of Algorand affect the price of Lofty tokens?
What is an Algorand wallet’? Why do I need one?
Which blockchain is Lofty AI using to tokenize properties?
How many tokens can I purchase in each property?
Can I do a 1031 Exchange with Lofty properties?
Who legally has ownership of these properties?
How is token appreciation determined over time?
How do we ensure each LLC owns the deed on its property?
Do I have to submit my ID before I can participate?
Why do I need to fill in personal information, and is it encrypted?
Why is my ID verification taking so long?
How can I track the performance of my property?
How long are properties held before they're sold?
Do you have 2 Factor Authentication (2FA) available?
What happens if a property doesn't sell fully by the deadline on the website?
Glossary
IRR
Cash on Cash return (CoC)
Cap rate
Appreciation
Net Operating Income (NOI)
Diversification
Operating Expenses
CapEx
Single-Family
Duplex
Triplex
Quadplex/Fourplex
Capital Gains Tax
Closing costs
MLS
HVAC
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GitBook
How often do I receive rental income?
Owners receive rental income every single day at around midnight UTC.
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How are repairs handled?
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How do I withdraw my rental income?
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1yr ago
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