Landa: Invest in Real Estate 4+

Landa Blocked me on Twitter and restricted my ability to communicate with them through their app

I do not recommend this app to anyone who is new to the real estate world. I highly suggest you take your money elsewhere to a app like Fundrise. Landa blocked me from communicating with their agents through their app something I have complained to them about for months. I then went on Twitter to express my complaints about my account by contacting their Twitter account directly and they also blocked me on their as well. I am going to be in the process of filing a lawsuits against them for poor business practices and withholding my asset while blocking communication from me if they fail to release my asset. Do not invests with Landa, if you so choose to do so well then good luck!

Scam Suspected

I put over $300 into this app it grew to a bit over $600 and I get okay dividends when they are not constantly changing it like some of the property shares I bought were strictly because of the high dividend of $50 and $25 per share. I check them a few days after purchasing and Landa had reduced them to mere Pennie’s up to $2.13 which got me fuming but even worse is that for the past 3 months I have been talking to customer support and many agents about the fact that I’m trying to withdraw some of the money and I have over $79 available cash for withdrawal and I try to withdraw $5 and I wait over a week for this $5 a few days for it to process from pending to settlement then settlement to complete all for it to just fail hours or a day after saying it’s complete so now I’m over here waiting for money and never getting it. This has been happening every week for the past 3 months I even changed bank accounts just in case it was my banking institution and STILL it gave me the exact same issue so I’m starting to feel like this app is a fraud and a scam to get peoples money but not give it back and If they do not close my account and write me a check for the money that I have in this app I will be pursuing legal actions against LANDA INC

Do research prior to investing

I love the idea ! I think it has great potential. Buy shares at of rental homes instead of buying a home at full price and receive monthly returns. Hopefully they expand over time and increase their transparency. Maybe add some bonuses or something

-There is not much transparency within the app. Most homes are paying 1% or less returns. They tell you how much the previous month was but you need to do your own math, and based on previous reviews it’s been around that percent for a bit. With that- it will take you a very long time, if ever, to break even on your return. And what happens if/when the market drops?
-per other reviews, it is difficult to sell your shares of homes. The company doesn’t buy them back, someone else has to buy them, so they sit in limbo for a while. I haven’t tried, but I’m weary about this. Do not invest a ton of money because it might take a very long time to get it back.
-only in Georgia (as of now). Minimal information and some places have minimal pictures, so you have no idea what you’re actually investing in.

Developer Response ,

Hey there, thank you so much for this feedback! We are always working on ways to improve customer experience, and you brought up some great points. We are working on transparency in the app, and have set some fixes into motion. We hope to offer those updates soon. If you ever have any other suggestions please reach out at hi@landa.app 💚