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