Affordable Real Estate Investments

People can buy certain amount of tokens to own part of the house or real estate. This allows low income people to invest in real estate.

 have business experience in banking and managing projects. I also have experience in developing different technical solutions. In short I have both financial and technical skills to manage and bring a project to life. I also have testing & quality assurance skill.

[IMPACT]

Owning a house has been dreams of many people whether they are young or old. However, with the current economical conditions of society, many young or low income people cannot afford to own a house or invest in real estate to improve their lives and financial conditions. Based on a survey of PropertyShark with 2,100 U.S. millennials, Generation Z, and Generation X, most of people stated that the down payment is one of the most significant obstacles that prevent people from buying houses. Further, according to data from the National Association of Realtors, the median price for an existing U.S home rose to just under $354,000 as of November 2021. Inflation makes house prizes increase more. Besides, many rich people use real estate as a hedge to avoid inflation and retain their asset values. This prevents low income people from buying house. Finally, because of the current pandemic, many people cannot go out to find jobs, save and earn money to buy houses.

There is a need to resolve the above issue and improve financial conditions of young or low income people. That is why we developed RealVerse to change and solve this issue. Instead of having to pay large amount of money to own a house, through RealVerse, people can buy certain amount of tokens to own part of the house or real estate. This allows low income people to invest in real estate and earn capital gains. On RealVerse, people can share ownership of the real estate and earn return of investment through renting the real estate, increase in house prize, or selling tokens. People can own houses in form of NFT and trade houses through RealVerse. Further, we support customers 24/7 and answer any questions that they have.

The impacts of our solution are:

- Affordability: Allow low income and young people to invest and improve their financial conditions

- Pooled Investment: This attracts large amount of investment from many sources and enhances the trading ability of NEAR

- Grow a community and exposure: Because of the affordability and potential earnings, the community will grow fast and exposes NEAR to larger public investors.

- This project will allow young and low income people to possess and invest in real estates without down payment or credit scores. The project aligns with KPIs in term of financial prospective and feasibility.

- We will market our project on Twitter and Social Network such as instagram.

We see the main challenges will be having real estate inventories to start the tokenized process and the marketing process.

[FEASIBILITY]

- First 5 months: develop the apps and testing; getting the inventory

- Next 3 months: marketing and launch campaign to spread the words

- Next 2 months: recruit people and staffs to assist with the work

- Development: $10000

- Marketing: $15000

- Developers: 3 members

- Marketing: 2 members

[AUDITABILITY]

- Website: how complete the website and app are

- Marketing: how many audiences or visitors visit the site (through Google Analytics)

The website is up and running and we have visitors who visit our site and start investing.

This is an entire new one.