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The Next Big Scam: “Arrived Homes”
Seriously- What Are You People Doing?
“Easy Money.”
“A Smooth Path to Wealth.”
“No Operational Responsibility.”
Those three phrases alone should make anyone with an ounce of common sense run for the hills. I mean, come on! Are we serious? We’re not serious, right?
I’m talking about Arrived Homes. It’s basically the new timeshare of real estate investing. A friend recently posted about it and I nearly lost my mind. He talked it up as though it was really a great way to get started in the market of getting some property to make money. He knows I have considered real estate for revenue, as moderately passive income. The huge, stark, pointed difference though, is that I am keenly aware that investing in real estate is NOT truly passive income. It’s some work. And “Arrived Homes” makes it out to seem as though it’s all fairly turnkey. Just plop down a hundred bucks or so and start earning.
Le sigh.
Sorry, folks. As my very wise dad would have said, “that’s some brilliant bullshit, right there.”
The basic model of Arrived is this:
Rather than buy an entire home as a rental property, you buy a “share” of a home, and therefore are only responsible for a portion of the expense, and you gain…
