Austin, TX, Dec. 09, 2022 (GLOBE NEWSWIRE) — Tirios, a revolutionary real estate platform, is transforming the industry by integrating cutting-edge technology to help millennials overcome long-established financial barriers and other obstacles to investing in real estate.
Tirios is the only vertically integrated investment platform that equips millennials with the ability to own a fraction of a rental home for as little as $1,000. It does this by relying on blockchain technology, which helps remove expensive and often time-consuming intermediaries from the process.
With Tirios, millennials and others can buy shares in carefully monitored rental properties, earning reliable passive income without the costs and stress of being a landlord.
“Real estate is one of the best investments millennials can make, and they are a strong market for buyers,” said Sachin Latawa, Tirio’s founder and CEO, who previously held leadership positions at Fortress Investment Group and Icahn Enterprises.
Tirios positions itself as a real estate investment platform built for individual investors, leaving behind the expensive and lengthy past of mutual funds, institutional buyers, $100,000 purchase minimums, high management fees and carrying rates, and opaque valuations.
These factors, Latawa says, have discouraged many potential real estate investors—especially millennials who struggle to know where to start.
“We’re seeing housing affordability at an all-time low, and in general, millennials are buying their first homes later than their baby boomer parents. There are multiple reasons behind this delay, including a lack of savings for a down payment, high student loan debt, and the lingering effects of career stagnation of the Great Recession,” says Latawa.
“The delay in home ownership means that millennials have no exposure to the real estate asset class, either as a primary home owner or investor, often for up to a decade into their careers. Therefore, they are missing out on benefiting from one of the best performing asset classes on a risk-adjusted basis.”
Blockchain and tokenization are a crucial part of Web 3.0, a vision of digital ownership of physical assets with well-defined arrangements for sharing revenue and appreciation among owners. Historically, the property industry has been opaque and characterized by an inherent lack of trust between transactors. Blockchain can bridge this gap for real estate investors.
Blockchain technology’s potential to increase transaction speed, improve transparency and streamline processes could significantly reduce transaction costs, bring greater liquidity to the real estate asset class and be an accelerator to onboard the next set of real estate investors, especially millennials who feel left out. behind.
On its website, Tirios offers free resources and is currently accepting a waiting list for its soon-to-be-launched free academy, which will be a one-stop center for anyone interested in learning about real estate investing.
Contact information:
Sachin Latawa
[email protected]
