Homebase
  • Welcome!
  • Whitepaper
    • Introduction
    • Why We're Here
    • Our Vision
    • What We Do
    • Value Proposition
    • How It Works
    • Security Token Offerings
      • Non-Fungible Tokens (NFTs)
      • Legal Compliance
        • Reg D
        • Reg A
    • The User Experience
    • Risks to Homebase
  • Creating an Account
    • Account Creation
    • Identity Verification
    • Creating Your Wallet
  • Using the Marketplace
    • Homebase Marketplace Guide
    • Property Details
    • Property Market
    • Property Financials
    • Property Documents
    • Property Buying Process
  • Investing with Homebase
    • Checking Out
    • Signing the Appropriate Legal Documentation
    • Closing Period
  • Post-Investment Information
    • After Investment
  • FAQ and Guides
    • Frequently Asked Questions
    • Crypto Guides
      • 🏦How To Set Up Your Phantom Wallet
      • 🌉Bridging Assets to Solana
      • ⛽What are Blockchain Gas Fees?
      • 🪙What is an NFT?
      • 📜What is a Smart Contract?
      • 🔐5 tips to keep your crypto safe and secure
  • Links
    • Create an Account
    • Homebase Marketplace
    • Homebase Website
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  1. Investing with Homebase

Closing Period

Funds are held in escrow during the 35 day duration during which a home offering is live. If the home is successfully sold out, the transaction goes through and Homebase begins managing the property. If the home doesn’t sell out, funds are refunded to the original wallet in which the funds were received from.

After closing of the escrow period and successful sell out, here are the major milestones you should look out for:

  • The property will be marketed and the tenant will be placed.

  • First month’s rent should be processed on the 15th of every month starting in the month after the purchase is closed.

  • Updates will come out on a monthly basis regarding any changes with the tenant or the property.

  • In Q1 of the following year, we will distribute tax paperwork for ownership.

  • The lockout period will end one year after closing and completion of paperwork. This will be made clear to all investors. This will allow you to redeem your NFT at the proportional value of the property’s fair market value.

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Last updated 1 year ago

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