Doorvest Review: Is It Good For New Real Estate Investors?

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Read our Advertising Disclosure.

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Are you interested in real estate investing with Doorvest? Read our review to learn more about its services and decide if this company is right for you.

Doorvest Doorvest
4.0
Management fee: 10% per year
Minimum investment: 20%-%25 (based on home price)
Pros:
  • Resident-ready homes
  • Passive income
  • Rental home management
  • 3-month rental income guarantee
Cons:
  • Requires 20% down payment
  • Limited markets
  • No ability to negotiate home price
Promotion: 1st year management fees waived (select properties)

Are you looking to invest in real estate and earn rental income, but are unsure which company will be the right fit? Doorvest is one of many options on the market.

Doorvest has grown exponentially over the past decade and boasts an impressive portfolio. Over the years, the company has raised over $92.5 million, helping thousands of clients reach their financial goals.

But before investing your money, you must ensure Doorvest is a legitimate real estate investing company. In addition, you may wonder if Doorvest is worth the investment and if it will help you achieve financial security.

What is Doorvest?

Doorvest homepage
Doorvest.com website

Doorvest is an international real estate investment platform that helps accredited investors find, fund, and manage investments in commercial and residential properties.

The journey started in 2014 with two business professionals, Andrew Luong and Justin Kasad. However, the company was officially launched in 2019 to make real estate investing more accessible and profitable for individuals.

Today, Doorvest has grown into a leading global platform that supports an extensive network of accredited investors and provides them with access to investment opportunities across multiple sectors.

With Doorvest’s user-friendly platform and knowledgeable team of advisors, investors can confidently invest in real estate at their own pace and manage their investments.

As a result, clients can maximize returns on their investments without worrying about complex paperwork or costly upfront costs associated with traditional real estate transactions.

How Doorvest Works

Doorvest makes investing in real estate simple and convenient. The platform offers various services that simplify buying and managing investments while minimizing costs associated with traditional real estate transactions.

First, you will be asked a few questions about yourself and your goals to help customize the services offered to best suit your needs.

Next, you will create a Doorvest account, which locks in your preferences and allows you to start investing. This step aims to show you are serious and committed to the investment process.

Once you have created your account, you can start browsing and selecting potential investments in the marketplace.

doorvest investors portal
Doorvests’ portal for investors

Doorvest provides comprehensive information on each property, such as location, estimated rental yield and purchase costs, so investors can make an informed decision.

The last step is home closing. Doorvest takes care of the paperwork in this step and helps you complete the transaction.

This includes transferring property ownership to you, ensuring that property taxes are paid and providing advice on home insurance and other essential documents.

Plus, with its user-friendly platform and knowledgeable team of advisors, investors can access reliable information about potential investments without worrying about complex paperwork or costly upfront costs associated with traditional real estate transactions.

Once your property is closed, you start earning passive income, and Doorvest also earns a passive income for finding and managing the investment.

Doorvest Services

Doorvest provides various services to help investors make informed decisions about their investments.

Turnkey Rental Properties

Doorvest is a real estate management company that helps investors purchase turnkey rental properties with an easy-to-use platform that provides instant access to market data, comparable sales prices and more.

The company also offers extensive property management services, ensuring investors get the most out of their investments.

Using its real estate investing platform, Doorvest allows investors to access turnkey rental properties in cities such as San Francisco, Houston, Dallas (Texas), San Antonio, Atlanta, Oklahoma City, Columbus, and Cincinnati.

The minimum investment required is 20% down on the home price and 10% for a property management fee. Doorvest’s turnkey rental properties come with many benefits for potential investors.

These include convenient access to quality properties in desirable markets, comprehensive support from experienced real estate agents who understand the local market and flexible payment plans tailored to your needs, such as personal finances.

Sell Your Home

Doorvest offers a hands-off home selling service that allows you to quickly and easily sell your home for maximum value.

Upload photos of your property, enter the necessary details, receive an offer from Doorvest, close the deal and get your cash.

With this streamlined process, you can save time and money without ever having to leave the comfort of your own home.

Doorvest offers a variety of benefits to real estate investors utilizing its home-selling service. These include:

  • No upfront cost or commission fees
  • Fast closing times so that you can access your funds quickly
  • No hidden fees or surprises
  • Access to real estate agents with first-hand knowledge of the local market

Furthermore, Doorvest will work with you at every step to ensure you get the most out of your home sale.

Doorvest Fees

Marketplace Access$100 (refundable fee)
Property Management10% per year
Minimum Investment20%-25% down (property price)

Who is Doorvest Best For?

Doorvest is the perfect solution for busy people looking to invest in real estate without worrying about complex paperwork or costly upfront costs.

It’s also perfect for new investors who want to gain a passive income from their investments and investors seeking turnkey rental properties or looking for an easy way to sell their homes but know little about commercial real estate.

Additionally, Doorvest is an ideal solution for those who want access to experienced real estate agents who understand the local market and have the knowledge to help them make informed decisions.

With its user-friendly platform, comprehensive research tools and helpful team of advisors, investors can easily find and manage their investments without hassle or stress.

If you’re looking for a reliable and convenient way to invest in real estate, Doorvest is suitable for you.

How Does Doorvest Compare?

Primary Rating:
4.0
Primary Rating:
4.0
Primary Rating:
4.5
Management fee:
10% per year
Management fee:
Higher of 0.5% or $500
Management fee:
1%
Minimum investment:
20%-25% of property value
Minimum investment:
$5,000
Minimum investment:
$100
Primary Rating:
4.0
Management fee:
10% per year
Minimum investment:
20%-25% of property value
Primary Rating:
4.0
Management fee:
Higher of 0.5% or $500
Minimum investment:
$5,000
Primary Rating:
4.5
Management fee:
1%
Minimum investment:
$100

Doorvest Reviews

The team at Doorvest has been awesome to work with for my first real estate investment! They walked me through every single step and made the process very easy and smooth. Don’t be afraid of real estate if you’re not familiar with it, it can be very passive thanks to Doorvest. I’m already in touch with them to buy a second rental property since the first one was such a success!

Brittany B., Verified Google Customer

I love working with Doorvest, they found the perfect property for me last year and have been managing it since then. If you want a great option to diversify your investment portfolio and have it managed by a great team, Doorvest is the solution!

John F., Verified Google Customer

Getting Started with Doorvest

Getting started with Doorvest is straightforward. Here are easy-to-follow steps to help you get started:

  1. Sign up for a Doorvest account – Go to Doorvest.com and register for an account. You’ll need to provide your personal information to open the account, such as your name, email address and phone number.
  2. Customize your ideal investment home – Using Doorvest’s real estate investing platform, you can customize the ideal investment home that suits your needs and budget. This includes selecting the location of the property, its size, amenities, unique features and more from the real estate market.
  3. Lock in your criteria – Once you have selected a property that meets your criteria and requirements, it’s time to lock in your reservation by submitting a down payment of 20%. This amount will be applied toward the purchase price of your home when you close on it.
  4. Reserve your home – Once your reservation is locked in, Doorvest will provide you with a contract outlining the details of your purchase. Simply sign and submit the document to reserve your home.
  5. Close on your home – After signing the contract and submitting the necessary paperwork, it’s time to close on your new investment property.

This includes paying the remainder of the purchase price and any associated closing costs. Once everything has been finalized, you’ll be able to begin collecting passive income from your rental property.

Should I Buy a Home with Doorvest?

Doorvest is an ideal solution for anyone looking to invest in real estate quickly, easily and without any upfront costs. The company provides an easy-to-use platform with helpful tools and advisors to help investors make informed decisions.

With Doorvest’s fast closing times, no hidden fees or surprises and low commission rates, you can get the most out of your home selling or renting experience.

So, if you’re ready to start investing in real estate but need assistance, then Doorvest is just what you’re looking for. Sign up today and take advantage of all that this innovative online service has to offer.

Doorvest FAQs

Here are some commonly asked questions about Doorvest.

Is Doorvest legit?

Yes, according to the numerous positive Doorvest reviews, it is a legitimate real estate investing company with an easy-to-use platform and a helpful team of advisors.

Who owns Doorvest?

Doorvest is owned by a private equity firm founded by two experienced real estate professionals, Andrew Luong and Justin Kasad.

Do I own 100% of the home that I buy with Doorvest?

Yes, you will own 100% of the home you purchase with Doorvest.

Where does Doorvest operate?

Doorvest operates across the United States. The company is based in San Francisco, California, and some states they operate in include California, Texas and Atlanta.

Doorvest

Doorvest is an easy, modern way to own income-generating rental homes online. Find your first investment property today!



We earn a commission if you sign up, at no additional cost to you.
Doorvest
doorvest review

Doorvest is a modern way for busy professionals to invest in real estate entirely online. Doorvest makes it easy for anyone to buy and own investment properties entirely online.

Product Brand: Doorvest

Editor's Rating:
4

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

More Posts

You May Also Like

FarmTogether review

Real Estate

FarmTogether Review: Is it a Legit Farmland Platform?

Acretrader review

Real Estate

AcreTrader Review: Is it a Trustworthy Farmland Platform?

1031 Exchange

Real Estate

1031 Exchange: Everything You Need to Know

Best Farmland Investing Platforms

Real Estate

7 Best Farmland Investing Platforms in 2023