I found this app called Ember (not the coffee mug guys) that essentially lets you invest in properties and they pay you a monthly dividend ranging between 10-15% returns a year. It sounds like a sound concept, but it seems to be just one Real estate companies properties out of outskirts of Atlanta. I am wondering how they can make money while paying monthly dividends to investors and wondering if this is something that could be utilized in other real estate businesses to further your goals, and how you could control the amount of equity you lose in the property to make sure you still get your cashflow. Who knows maybe this is a Bigger pockets members pet project?
What's the point of this and why would you want to invest your money in real estate through a little-known app? I've never heard of it, but it seems a little too plug-and-play for me. If you want passive, syndication type investment there have been several guests on the BP podcast that are much more vetted and known where you can mark some money, but this app probably takes smaller bits which seems even odder to me.
Sounds like a Fundrise or Groundfloor knockoff? I would be leery of giving my money to an app I had never heard of. If you want to be a hands-off investor there are a hundred other, safer ways.
@James White-Young, are you talking about Ember Capital Partners? This seems to be a syndication group out of Charlotte. Or there is Ember Capital Group, which seems like they are trying to compete with Redfin or Zillow as a tech based real estate brokerage. The latter is based in Norcross.
I cannot find anything specific that sounds exactly like you are mentioning. And because of this I am skeptical. While anyone can create a website, if I google a name, i.e. Ember Real Estate App, and can't find it, it makes me concerned about the viability of any company.
@Jonathan Greenethe point of stuff like that is to diversify my portfolio while treating it more like a stock then a syndication and investing small amounts into it and using it as another income stream seperate from my stock portfolio or real estate portfolio