Doorvest is a full-service real estate investing platform. We help with all stages of the investment lifecycle, from identifying the home to long-term management, so you can own high-yield rental homes entirely online.
Our mission is to advance the path to financial security for all. For too long, access to high-quality single family real estate has been reserved for the ultra-wealthy—leaving out everyday individuals from participating in the #1 source of American wealth.
Doorvest’s approach is to make real estate investing radically simple. Real estate is the least tech-enabled asset class, yet it has a larger market capitalization than stocks and bonds combined. Our full-stack, vertically integrated model leverages technology in every stage of the investment process, so more can be done for less, and better decisions can be made for a fraction of the cost.
Doorvesters come from all walks of life. We initially sought to help busy working professionals who didn’t have the time, resources, experience, or capital to invest in real estate traditionally. However, our scope has expanded and we have helped investors from all backgrounds to own homes—whether it's their first or tenth.
Since our launch in 2018, we have over $20 million assets under management and growing.
We are a venture backed company with over $17.5 million in funding. We recently raised $14 million during our Series A led by M13 with participation from Mucker Capital and other prominent industry leaders. Read more on TechCrunch here.
From our Doorvestor’s experience, we are finding that international buyers are seeing a much higher mortgage rate that may not make sense to move forward since it would put you at a net loss. Buying the home in all cash might make more sense in this case. The other workaround is if you have USD denominated incomes. We hope to expand in this area and find ways to make real estate more accessible.
You must be in the U.S. to sign and complete the purchase or coordinate an appointment at the U.S. Embassy to sign. Please make these arrangements ahead of time to avoid closing delays as embassies typically have limited appointments.
Though the exact specifications will be personalized to your individual needs, the typical home we work with is the standard single family detached: 3 bed, 2 bath, 2 car garage.
These homes are most attractive to long term focused residents and have historically appreciated the most.
We generally look for homes built after 1970, as newer homes require less maintenance.
We’ve developed a network of relationships with realtors and wholesalers. Due to our high volume of transactions, we have greater purchasing power and economies of scale which is typically unavailable to the average retail customer.
Our average vacancy is 3% per year compared to the national average of 7-8%
Residents pay for utilities.
The purchase price is not negotiable. All homes are renovated and sold back at Fair Market Value.
Doorvest does not allow clients to do their own inspection due to strict renovation and closing timelines. The inspection done is by a third party completely separate from Doorvest.
We only purchase homes in "Flood Zone X" which is classified as a flood occurring once every 500 years. The official Flood Zone Z rating is: "An area of minimal flood hazard that is determined to be outside the Special Flood Hazard Area and higher than the elevation of the 0.2-percent-annual-chance (or 500-year) flood." All ratings can be found here.
Yes! Please connect with a client advisor for further information.
Once renovations are complete, an inspection will be done and the report will be shared with you to ensure full transparency.
Yes! Please connect with a client advisor for further information.
Yes, you can pull equity from your house.
We plan on it. To be continued...
Yes. Doorvest provides all necessary reporting for homeowners to file during tax season.
Yes. Real estate investors benefit from a very friendly tax code. Almost all operational expenses are deductible except mortgage principal payments. Included among deductions are:
We analyze historical data to pull an accurate estimate of property taxes. The estimate is a percentage of the purchase price. Additional property tax information can be found at the local county appraisal district website. For example, for Harris County, Houston, the website is: https://hcad.org/.
Doorvest does not do any financing in-house, and ultimately your loan terms will be determined between you and your lender. There are no restrictions from Doorvest on what lender you choose, your method of financing, or how you structure the loan. Most of our investors do a conventional 30 year fixed loan with a 20-25% downpayment.
Your rates will vary on your individual circumstances and lender. However, rates are historically low right now.
Ultimately, you're welcome to work with any lender, and we can also introduce you to our partner lenders.
We recommend you shop around a couple of lenders when you start the process with us.
The extent of your coverage is completely up to you and your specific needs, but typically includes coverage for the building structure and general liability.
Absolutely. Your insurance provider for your car or primary home is a good starting point. We're also happy to provide introductions with our partnered insurers.
Renovations completed on homes vary case by case. Our goal is to ensure the home is in rent-ready condition, and we have standardized benchmarks in place for quality control, which you can see here: Doorvest Repairs and Renovations Standard
We have a rigorous system in vetting out our general contractors, and an in-person team that conducts walk throughs. We also offer a Home Renovation Guarantee which covers maintenance costs for one year after purchase. See our Reno Guarantee FAQ here.
If the renovation costs exceed the estimated renovations noted on the home profile, you are locked into your original purchase price.
No, our clients prefer a passive investment where they can be hands off.
Yes, renovations are baked into the purchase price. The displayed purchase includes renovations and the price will not change throughout the process.
Our team will coordinate any cleaning or repairs of the home and begin the leasing process for a new resident.
For the first 12 months of home ownership, rent is covered by our 1-Year Rent Guarantee. If a resident does not pay rent and we're unable to find a payment solution, we would replace the resident.
You can choose your own property management company after the initial year of Doorvest management.
We place residents for your home, manage maintenance requests and repairs, and ensure the home is cared for.
Our property management services has no hidden fees or leasing fees. We're able to provide sustained quality service as our fee structure aligns incentives with homeowners. Every home has an assigned manager who is familiar with the property and residents.
Our property management fee is based on 10% of the rental income. No rent = no management fee, which means that both Doorvest and the homeowner are incentivized to place long term stable residents.
You can locate your HOA on your settlement documents or reach out to our Customer Success team at email@example.com
We have extensive criteria that are in line with the Fair Housing Act.
Doorvest's property management is 100% in-house.
After year one, Doorvest will still manage your property and the level of service will not change.
Doorvest has two revenue streams:
Rent Guarantee: We guarantee rent for the first 12 months of ownership. You will receive the quoted rental income every month regardless of whether a resident is paying or not.
Renovation Guarantee: We will cover repair costs for the first 12 months of ownership. Click here to see what's covered.
All Doorvest homeowners commit to a 1 year management contract. Once the year is reached, the management contract will renew annually until cancellation. Beyond the first year, homeowners are welcome to switch property managers and sell the home.