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 Anyone's heard of bricknshare?

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TSnev_90
post Nov 20 2021, 12:22 PM, updated 5y ago

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They popped up as an ad on my insta and checked them out. From what I understand they basically "invest" a certain amount into your home in exchange for partial ownership of your home (I have no idea how this works). Seems pretty dodge but maybe someone here has used their service before to explain how it works.

To be clear I'm not planning on taking up a loan or in need of any extra cash or whatever. Was just something that I found interesting but they don't have a lot of info online at all lol.
TSnev_90
post Nov 20 2021, 01:48 PM

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Haha something I'd only consider doing with family members or people I REALLY trust. Apparently if your property depreciates they'll just eat the losses and your buyback would be smaller. But that just feels too good to be true.
TSnev_90
post Nov 20 2021, 02:08 PM

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Hahaha oh I don't mean you should, but like if for whatever reason you really do need the money and can't get from a bank (I donno how it would get to that point in the first place), it'd be better with family than ah long or some unknown and unlicensed lender.

Can't say now whether it's legit or not for now, but at least if someone else tries to look up info about the company they'll find this thread and be a little more informed to be wary.

 

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