Real Estate Articles

Startup Helps Buyers w/Downpayment in Exchange for Airbnb Spot | By: Nicolas Zepeda

A while back we told you about WavStay, an Airbnb-like service for boats (although we’re not sure if they’re still in business), now comes a new startup in Seattle called Loftium that will help potential homebuyers with a down-payment (up to $50k) for that dream home.  Oh, the catch???  You’ll have to list one of the spare bedrooms on Airbnb for 12-36 months and share the proceeds with Loftium.  The service is currently only available in Seattle and is for primary residences only (no investment properties) and there are no income limits or home price restrictions.  It’s an interesting concept and one that we’ll want to keep an eye on.

“…We understand intimately the difficulty of saving tens of thousands of dollars in the face of skyrocketing rent and student loan payments. We know not everyone has access to parental down payment gifts, and we feel strongly that this shouldn’t determine who rents and who buys. More than anything, we believe that with an entrepreneurial attitude and Loftium’s help, anyone can tap into the income potential of spare rooms to become a homeowner…”

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