Two years ago I started investing on Inrento*. On the Inrento* platform investors select property loans secured by a first rank mortgage. Typical interest rates are around 9-10% with loan terms between 12 and 36 months. Inrento has a strong track record with zero late projects, 78 million EUR lent and around 4200 active investors. The home market of Inrento* is Lithuania, where it is fully regulated and most projects are located – the platform also featured projects in Poland, Latvia and occasionally other countries.
Sample Inrento project photo – click to enlarge
There are detailled project descriptions and regular updates. The minimum investment per project is 500 EUR.
On the plus side of Inrento* there is
- strong track record / good returns
- secondary market available (2% seller fee)
- good communication
- good service (recently something did not go according to plan and a project I invested in was cancelled because the mortgage wasnot signed within the projected 20 days maximum. Inrento* paid all affected investors 0.35% cashback as compensation)
- interest is paid monthly
- fully regulated
On the downside there is
- few new projects (about 1-3 per month), resulting in cash drag
- new projects are often filled within hours after coming online
- 15% withholding tax applied; can be reduced and possibly offseted in tax declarations depending on the rules of the home country of the investor
- no auto invest
Profit graph from my Inrento dashboard
Yield calculation from third party tool p2pdash – click to enlarge; shown figures are a little too low as the do not count secondary sales correctly
After roughly two years my yield is a little under 10% per annum. I can say only good things about Inrento*. The main gripe is the cash drag which is the result of the growing popularity of Inrento* among investors.
Other property platforms
Asterra Estate* is a property platform dedicated for a development project of a Latvian village. Loans are high interest around 15%. Minimum investment is 1000 EUR per loan. Interest is credited daily. Early exit feature available. Currently 4-7% cashback if you sign up via this Asterra Estate* link.
Devon* is a property platform with loans backed on Latvian property. Loan rates are around 10-15%. Minimum investment is 1000 EUR per loan. Interest is credited daily. Early exit feature available. 1% cashback (plus 4%-5.5% cashback during current spring campaign, depending on your investment level), if you sign up via this Devon* link
Estateguru* is a fully regulated Estonian platform, featuring loans secured by properties mainly across the Baltics and Finland. Minimum investment is 50 EUR per loan. Secondary market available.