In this episode, Horacio speaks with John Green, Nada's founder, and CEO. John discusses the advantages of accessing home equity through Nada's Homeshares program. John describes how the Homeshares program ties into Cityfunds, Nada's platform for investors looking to "own a piece of a city." John also talks about Nada's future plans for a secondary trading platform to allow investors to trade shares and reward Homeshares users with a Nada debit card.
Discussion topics include:
Providing home equity to owners through Homeshares
Exploring the Homeshares and Cityfunds programs at Nada
Underwriting the risk of providing equity to home owners
Creating a real estate fund in specific cities through Cityfunds
The type of homes that make up the Cityfunds portfolios
Determining the cities to invest in through Cityfunds
How the 10-year options contract works through Homeshares
How to invest in Nada’s Cityfunds
Creating a rewards program for Nada users with a debit card
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Time Stamp:
2:30 Nada Overview
4:50 Homeshares Program
6:30 How Homeshares works
11:30 The Cityfunds Program
15:40 Real Estate as an asset class
18:50 Creating a secondary trading market of shares
22:20 Getting paid with dividends
27:00 Design of Cityfunds
31:00 The process of valuing homes
35:00 The Visa Nada Debit Card
