General -
FAQ
If you're new to Avrex or looking to invest in real estate, this guide will help you learn more about the platform and its features.
Who legally has ownership of these properties?
The property is legally owned by a Trust registered with the
Government (DAO) for the investors who are investing to buy
the tokens. The Trust is established to be the legal owner
of the assets, however it is required to simply represent
the investors as direct co-owners of the property. Acquiring
tokens in a Avrex property equates to purchasing a
membership interest in the respective DAO LLC that holds the
property. For example, if you purchase 1% of the tokens in a
single home offering, you would then be entitled to 1% of
the economic interests of the asset over time, which may
include income from rent or property value appreciation.
Can I invest in multiple properties?
Yes, you can invest in multiple properties on the Avrex
platform.
What is the maximum number of tokens I can purchase in each property?
For each property, the maximum number of tokens each
investor can own is 15%. You can own up to 15% of a property
or 100% of the property. This limit is in place for
Governance reasons in order to ensure a fair voting system.
What does it take to list a property with Avrex?
To list a property, you need to submit the property
information via our support team, we will conduct some due
diligence. After gathering all necessary information and
completing the legal requirements, the tokenization company
will tokenize your property. This typically involves
creating digital tokens that represent ownership stakes in
the property. Once the property is tokenized, we will list
the property on our platform and market it to potential
investors.
Can I list my own property with Avrex?
Yes, you can.
How do I earn?
You receive revenue from the property's cash flow as rental
income weekly. You also profit from the property's
appreciation in value over time.
How Often Do I Receive rent?
You receive rent weekly and can withdraw at any time. You
can track rent and withdraw your dividends from your Avrex
dashboard.
How are repairs handled?
Each property has an Operating Reserve which is used for
repairs. The Operating Reserve balance is equal to
approximately 5% of the property purchase price. Repairs are
handled either by the professional Property Manager's
in-house vendors or by local contractors in the area hired
by the Property Manager. All urgent repairs will be taken
care of immediately, and any non-urgent repairs requested by
the resident will be put up for a Governance Vote. The
owners of that property can then vote on whether they'd
prefer the repair to be taken care of or not.
How do I know I own a fraction of the property?
When you invest in a property, you’ll receive an agreement
and documents showing your ownership stake in the property
and you will be added to the community and have the ability
to engage in the property governance
Who can invest?
Permanent residents of whitelisted countries over 18 years
old can open an investor account on our platform. If you are
from a sanctioned country, you will not be able to purchase
tokens due to restrictions by the Office of Foreign Assets
Control (OFAC). Sanctioned countries include Balkans,
Belarus, Burma, Côte D’Ivoire (Ivory Coast), Cuba,
Democratic Republic of Congo, Iran, Iraq, Liberia, North
Korea, Sudan, Syria, Nigeria and Zimbabwe.
How can I invest in real estate with Avrex?
You can invest in tokenized real estate by buying tokens
that represent fractional digital ownership of a particular
property or portfolio. In order to do that, you have to
register on our platform, pass the KYC (Know Your Customer)
procedure and complete your investor profile. Then, select
the offering you like and invest.
How does the Avrex Marketplace work?
Avrex is not a fund. We do not purchase properties, flip
them, and then sell them on our website. Instead, we are a
marketplace like Airbnb, eBay, or Amazon. The Avrex
marketplace consists of buyers (token holders) and sellers
(people who want to sell their properties). These sellers
have years of experience rehabbing and selling turnkey
properties with a great track record.