Watch out! Accredited only but collect your data anyway
I downloaded the app. The app took me to on boarding process, collected my personal info, forced me to link bank account , asked me income etc. at no point I was told this is for accredited investors only. Only after they collected everything and I tried to buy, I got notification I can’t buy because I am not accredited investor. Just ridiculous. This should be clear from beginning instead of collecting my personal informationsparo 8372
Developer Response
Hi Sparo, thanks for taking the time to share your review and recommendations. We're sorry that we didn’t make the accreditation requirement clear earlier, and we’ll try to clarify this in the app. The good news is that we’re working on opening to all investors soon, and you’ll be one of the first to know about this. If you have any other concerns, you can reach us at support@ark7.com. - James, CTOAwesome concept! And awesome app
Love this concept. Great way to diversify investment portfolio. Looking forward to seeing it thrive!Magictt1008
Cool investment app!
This is an awesome real estate investment app and super easy to use!wenxing68
Better than I initially thought
I purchased an investment home in 2021, and it turned out to be much harder than I thought it would be. Choosing tenants and maintaining and inspecting the property is never-ending work. The rent is also lackluster compared to how much I paid (I live in California).
I found Ark7.com later last year and gave it a try along with growth stocks in the post-Covid aftermath.
Initially the growth stocks had decent returns and the stock market felt more exciting when my stocks grew (in some cases, a lot). But Ark7 was still pretty good compared to managing my own rental properties because I had to do zero management despite owning shares of 4-5 properties, some in areas with much higher rent to price ratios. I also liked the stability of monthly distributions.
Then 2022 happened and my gains in the stock market vaporized… Being an engineer trying to make sense of everything, I began to study on topics about the US dollar cycles, interest rates, and markets, and the Fed’s recent cash printing & tapering, etc. Turns out that the valuation and market cap of companies are intentionally complex. I’m actually shocked at how quickly hedge funds can move using big data to predict stock trends. I realize that as an individual investor with a day job, I’m not exactly going to beat the stock market and there’s even more work involved in understanding everything versus operating real estate. Now I’m looking to invest in something that truly has value that’s tangible. Ark7 has steady growth so I’m planning to shift my portfolio from stocks to real estate and be done with it, get steady returns, and wait for the housing prices to go up in a few years. Couldn’t do this without Ark7.Ray.Z.
Thanks for making this app
I have been searching for such an easy way to invest in rental properties for a long time.Jack White857
great！
Great app, easy way to invest.Jay_Lisa_86
