John Long And Greg Salley On Cheddar TV: Equity Residences Offers Sharing Economy to Millennials Looking to Invest in Real Estate
Equity Residences offers flexible real estate for millennials who want to invest in the market, but also like to travel. Co-founders Greg Salley and John Long sit down with Alyssa Julya Smith to discuss what that means for investors, revealing that entering into the shared economy space will cost about $150,000 as a starting point.
"The Firm allows buyers to make a low-risk investment in luxury vacation homes..the property is managed as an investment first, with the purpose of providing a profit for investors once it's sold"
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An accredited investor is someone who earned income that exceeded $200,000 (or $300,000 if married) in each of the prior two years, and reasonably expects the same for the current year; OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).