Co-ownership consists of gathering investors to enable them to acquire together an existing and already rented yield building.
Foxstone’s real estate team travels throughout the whole Switzerland to find residential properties. Thanks to a large network of property managers, brokers and strategic partners, we identify investment opportunities that are not easily accessible to individual investors.
The day-to-day management of the property is delegated to a renowned property manager who is responsible for the collection of the rents and the maintenance of the property. Foxstone remains administrator of the co-ownership and operates as asset manager.
As a co-owner, you have the possibility to participate in the major management decisions at an annual general assembly held digitally. No need to travel, everything is done online.
You receive your revenues quarterly on your bank account along with a management report that provides you all the details about the income and expenses of your property.
You receive a net income from which all the expenses have already been deducted (operating expenses, mortgage interests, property management, insurance, etc.), you only have to pay the taxes.
Monitor the performance of your investment on your online dashboard.
You can put all or part of your co-ownership shares on sale with a potential capital gain at any time. Foxstone takes care of finding a buyer who acquires your shares and takes your place in the existing co-ownership without penalty or fees.
Foxstone takes care of all the formalities with the mortgage provider, from the negotiation of the mortgage to the validation of your credit application.
Each property is financed on average by 40% equity and 60% mortgage.
For example, for an investment of CHF 50,000 (40%), you hold a mortgage of CHF 75,000 (60%).
Therefore, each co-owner holds a part of the mortgage, and the specificity of our model is that the debt is uncoupled between each co-owner. This means that the liability of each investor is limited in proportion to his investment.
Transfer the funds to the escrow account of the notary in charge of the transaction. Once we have collected all the funds, we proceed to the acquisition of the property on your behalf in front of the notary.
Congratulations! You are now the co-owner of a property with your name listed in the land register.
A year ago, I came across an article in the Tribune de Genève, which presented the concept and advantages of real estate crowdfunding and mentioned Foxstone. I found it very interesting, so I contacted Foxstone directly for more information.
I’ve only been on this adventure for six months. I can therefore say that for the moment I am fully satisfied. I was able to receive my first payment on the date and at the percentage indicated, which immediately reassured me.
My aim in investing in real estate crowdfunding was above all to be able to provide a complementary income to my pensions. It was also the turnkey service that convinced me. The fact that Foxstone takes care of everything, that I don’t have to deal with any problems with rental management etc., is a great advantage.
With my family we were looking for an investment with a very low level of risk, ideally in Swiss real estate, in order to secure an inheritance and get a return on it. In addition to relieving us of all the administrative troubles related to the management of the property, Foxstone allowed us to avoid potential family conflicts because instead of investing a common sum, each of us was able to invest in his own name.
Each investor expressing an interest in an offer receives the investment file including:
And must fill, sign and return the following documents:
These documents are required by the mortgage provider and the notary.
No, crowdinvesting does not give access to the individual use of the property, unlike the PPE condominium. Co-owners invest in order to collect returns and not for the purpose of living on the property.
No, for obvious logistical reasons we usually do not organize private tours of the buildings before buying them. However, you have access to the photos as well as the technical and structural details of the property, summarized in the prospectus of each investment proposal.
PPE condominium usually consists in the purchase of an apartment. It gives the owner the right to use this apartment either to live in it or to rent it (and generate returns). A crowdinvestment in co-ownership consists in the purchase of a part of a building; each co-owner holds a fraction of the entire building. The goal is to earn a return and not to live in it. As a real estate investment, crowdinvesting in co-ownership has the following advantages over PPE condominium:
The renovation fund consisting solely of cash, is owned by the co-owners. Therefore, the share of each investor in the renovation fund is calculated pro rata of his or her share of co-ownership. In the event of a sale of a share of co-ownership, the shares of the renovation fund belonging to the out-going co-owner increases the selling price.
