New PropTech Startup DeedPath Makes Buying Investment Property Radically More Accessible
DeedPath's tech-driven program helps people save money and buy investment properties by lowering down payment and credit requirements while providing support.
SANTA BARBARA, Calif., September 20, 2022 (Newswire.com) - DeedPath, a new real estate technology company, is changing the way new investors are buying real estate investment properties. Through their flagship save-to-own option program, customers can choose an investment property and DeedPath will inspect, evaluate, and buy the property for them. The customer contributes 5% of the purchase price and makes small monthly contributions to build equity credit that will be used to purchase the home. The program is designed so customers are able to own the property within three years.
DeedPath leverages technology to underwrite their customers, evaluate properties in different markets across the U.S., and manage their portfolio. Through DeedPath, new investors experience owning their rental property while getting ready to buy it.
"Real estate is the single biggest asset class in the world, with the single-family rental market alone producing over $250 billion a year in rental revenue and totaling over $5 trillion in value. It's growing and outperforming almost all other sectors of real estate and the economy," says DeedPath Founder and CEO Samuel Walters. "It's hard for new investors with limited experience to comfortably and confidently get into investing and buy their first property, so we're on a mission to make it easier and safer than ever."
As larger investors continue to move into the space, it's getting harder and harder for small-time investors to compete. "We're trying to give some of the power and opportunity back to individual investors by sharing our ability to analyze properties and make cash offers," says Walters. "We tell our customers all the time that real estate is not a get-rich-quick scheme," he says, "but it is the most reliable way to build long-term wealth."
With many Americans getting priced out of buying in their home areas, many are turning to investment properties in other areas of the country and continuing to rent wherever they live. "Buying virtually makes sense for so many people," says Walters. "You can now own real estate where it's affordable and produces higher returns while living where you want. At DeedPath, we're making this kind of investing accessible to even more people."
DeedPath's save-to-own program launched this spring, and the company says the reception has been exceptional. "We're experiencing really strong demand and growth so far," says Walters. "We've created a win-win situation for both us and our customers, and if we can continue to do that then our future is very bright."
DeedPath has ambitious expansion plans in the coming years, adding other products and services to improve their customers' experience and create more owners. "We're disrupting a massive industry," adds Walters, "and we're just getting started."
For more information, you can visit the DeedPath website at www.deedpath.com.
DeedPath Founder & CEO