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Meet the Company That Says They Want to Pay You $15k-$400k to Invest In Your Home.

by Betterbuck

Updated 9/1/21

It's no secret that property values have skyrocketed lately. If you own equity in your home, it might just be time to cash in.

A Boston-based fintech company called Hometap is willing to pay you anywhere between $15k-$400k to invest in in your home.

And, believe it or not, you don't have to pay the money back. Sound a little too good to be true? Here's how it works.

The details

- Hometap buys part of your house as an investment(you decide how much you want them to invest). In exchange, you get paid cash up-front.

- Then, whenever you decide to sell your home, Hometap collects a portion of the sale price

- The money you received isn't a loan - you just sold Hometap a portion of your house. That means you don't pay any monthly payments or interest, either.

A screenshot of Hometap's website.

But here's the catch.

Sounds a little too good to be true, right? 

There are a few caveats:

1. Hometap is only available in certain states, and...
2. Spots are relatively limited, and demand is (understandably) very high.

Right now their available locations are:

Arizona, California, Florida, Massachusetts, Maryland, Michigan, New Jersey, New York, North Carolina, Oregon, Ohio, Pennsylvania, Virginia and Washington state.

If you live in one of those states, you likely qualify.

Give it a try.

Go to Hometap's Website

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- BetterBuck

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