EvoEstate Review 2021: an Aggegator of Real Estate Crowdfunding Platforms
Last Update:
July 23, 2021
I love to diversify my real estate crowdfunding investments on as many great platforms as possible. In this article, I will review the real estate crowdfunding platform EvoEstate, which I added to my portfolio in 2020. EvoEstate is a particularly interesting platform, as they act as an aggregator of real estate projects that are available on other platforms.
In the article, I will tell you what I think are the biggest strengths (and weaknesses) of the platform, how to start using it, and what you can expect from investing on the platform. Let's start!
What is EvoEstate?
As for all real estate crowdfunding platforms, EvoEstate is a financial platform that allows people to become real estate investors, without all the issues that usually come with real estate investing. EvoEstate is a quite recent platform, as it was launched in 2019. They are based in Tallinn, Estonia.
What makes EvoEstate unique is that they actually act as an aggregator of projects that are present on other platforms, therefore allowing investors to access projects on many platforms from a single place. With this, you can therefore get a diversified portfolio really quickly without having to create accounts on several platforms. At the time this article as written, they had real estate projects from over 15 platforms on their site.
What returns can I expect from investing on EvoEstate?
The returns you can expect on EvoEstate clearly depends on which projects you are investing in, but they advertise an average return 10.67% on their site, which is in line of what you can get in the field on most similar platforms.
I also wanted to mention here that you can invest in all projects from 100 Euros, regardless of the minimum that is fixed by each platform. This means that EvoEstate also allows you to invest in some platforms on which you wouldn't invest because of the high entry ticket (sometimes over 1000 Euros on some platforms listed on EvoEstate), which will allow you to have a much more diversified portfolio at the end.
Is it safe to invest on EvoEstate?
The question of the safety of the investors funds is central when investing on a real estate crowdfunding platform, as they will be managing all the money that you deposit on the platform and invest it in the real estate projects that you chose. When checking a new platform, I look at three things: what the platforms offers in terms of guarantees, the company itself (and their team), and finally who they are working with for the real estate projects, which here are the platforms they are listing on their site.
Risks & guarantees on EvoEstate
On EvoEstate, all the projects listed on their site are coming from other platforms, as they act as an aggregator. Therefore, most of the risk is passed on to those platforms, but still EvoEstate does several things to ensure the safety of the investments of their clients.
First, they don't put all projects from the platforms that they are working with, but only the best projects that they hand pick after a rigorous selection process, meaning they also act as a curator for real estate projects.
Then, they also have skin in the game, meaning that they invest their own money into every project present on the platform. This for sure also motivates them to only choose the best platforms & projects they offer on the platform.
They also have a very transparent risk score that they use to rate the projects they put on their platform in order to help investors.
The company & the team
As I mentioned earlier, the company launched in 2019 which makes it still a young platform, but I like the fact that they have skin in the game in every project, which means they actually care and are in with the investors on every project.
They also are completely transparent about their team on their website, with a complete description of the role of each person in the team, which is also something I appreciate seeing on a platform. They also all have experience real estate investing, and actually created the platform to solve some of the issues they saw with real estate crowdfunding, like lack of transparency and low access to diversification.
Projects originators
I usually look at which real estate development companies or real estate management agencies the platform is using, but in the case of EvoEstate it is of course completely different as they are listing projects from other platforms. Therefore, I had a look at those platforms instead.
As I mentioned before, they have now over 15 platforms listed on their website, with well-known platforms that I already have in my portfolio like Reinvest24 or Rendity. They also made it really easy to quickly compare the projects originators from their website.
They currently work with projects originators from all over Europe, with countries like Spain, France, Estonia and Ireland. What is really interesting here is that some of those platforms are not even in English, but thanks to EvoEstate you can also invest in those platforms from the same interface.
Getting started with EvoEstate
It is actually really easy to get started with EvoEstate and have your money start generating interests on the platform.
The first step is to open an account and get verified. This was done really quickly, and including the ID verification part it was all done in under 5 minutes.
Next, you will have to deposit funds in your account to start investing in loans and generate interests. This is also really to do with EvoEstate, as you can do it via a simple bank transfer.
Then, you can start investing. There are actually many ways to invest on the platform, the first one being looking at the primary market to see what projects are available on the platform.
Note here that some projects are real estate development loans, meaning you will get a fixed return at the end of the project, but they also list real estate projects where you will get a rent every month + returns when the property is sold, which is my favorite way to invest in real estate crowdfunding.
They also have a secondary market, where you can buy shares in previously funded projects, sometimes even with a discount.
What is really cool however is that they also offer an auto-invest function, allowing you to automatically diversify your portfolio on many platforms with pre-defined settings, and just let it run. EvoEstate will then automatically invest in real estate projects as they become available.
As for all the platforms I review, I also tried to withdraw money, and the money was back on my account in just 2 days.
My results with EvoEstate
As I mentioned before, I have been investing on EvoEstate since 2020, and so far I only had a good experience with EvoEstate, with an average yield of 10.38% on the platform. I mostly use it to invest on platforms that otherwise would be difficult to invest in, like Raizers in France or some Spanish platforms that are not translated.
Summary
My Overall Rating
My Average Yield
10.38%
Investment Protection
What I Liked
Allows to diversify on many platforms
High-quality projects
Secondary market
What I Didn't Like
Shorter track record as it's a more recent platform
Overall, I had a great experience with EvoEstate. I really liked the fact that you can use it to instantly diversify on several real estate crowdfunding platforms, without having to create an account on each of them. It also allows you to access some platforms with a lower minimum investment, which is a great feature. They also do an excellent work of curating the projects that get added to the platform, and their platform is also really easy to use. For all those reasons, I will definitely invest more on EvoEstate in the future, and I really recommend considering adding the platform to any investment portfolio.