{"id":671086,"date":"2025-05-23T22:37:24","date_gmt":"2025-05-23T19:37:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/landa-promised-real-estate-investing-for-5-now-its-gone-dark\/"},"modified":"2025-05-23T22:37:24","modified_gmt":"2025-05-23T19:37:24","slug":"landa-promised-real-estate-investing-for-5-now-its-gone-dark","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/landa-promised-real-estate-investing-for-5-now-its-gone-dark\/","title":{"rendered":"Landa promised real estate investing for $5. Now it&#8217;s gone dark."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a224a62ea4c8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a224a62ea4c8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/landa-promised-real-estate-investing-for-5-now-its-gone-dark\/#Embroiled_in_a_lawsuit\" >Embroiled in a lawsuit\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/landa-promised-real-estate-investing-for-5-now-its-gone-dark\/#Challenging_model\" >Challenging model<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">The idea of becoming a real estate investor for as little as $5 may seem too good to be true.<\/p>\n<p class=\"wp-block-paragraph\">And for many users of Landa, a proptech company that promised just that \u2014 it has been.<\/p>\n<p class=\"wp-block-paragraph\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.landa.app\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Landa<\/a> emerged from stealth in August 2022, announcing a total of $33 million in funding and a pledge to help everyday Americans access residential real estate investment through fractional shares.<\/p>\n<p class=\"wp-block-paragraph\">CEO Yishai Cohen and former CTO Amit Assaraf founded Landa in 2019 in an effort to make real estate investment more inclusive. The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>\u2019s only requirements were that users be over age 18 and U.S. residents. They could start investing with just $5, and buy and sell shares as well as see real-time updates on their properties from the Landa app. (Assaraf left the company in December of 2023, according to his LinkedIn <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/amitassaraf\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">profile<\/a>. He has not responded to requests for comment.)<\/p>\n<p class=\"wp-block-paragraph\">Today, Landa\u2019s investment portal site is down and its app is inoperable. Users claim they can\u2019t access their funds and haven\u2019t been paid dividends in months. The startup is embroiled in litigation, including a lawsuit from its early venture investor Viola.<\/p>\n<p class=\"wp-block-paragraph\">One early user told TechCrunch that Landa stopped paying dividends to him on his shares in January. When he asked Landa about it, they \u201cpunted the question,\u201d he said.<\/p>\n<p class=\"wp-block-paragraph\">\u201cI repeatedly emailed them about it and just got deflecting answers, nothing real,\u201d the user said. \u201cThen a few months after that, the app became unusable. It would not open.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The user then asked if he could delete his account, which he had opened in 2021, and sell the shares. But he found Landa had disabled his ability to sell shares.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThey have essentially frozen me out of my funds and just shut down the app,\u201d the user said. \u201cWhere is the money? Why won\u2019t they return it to me?\u201d<\/p>\n<p class=\"wp-block-paragraph\">Over 130 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bbb.org\/us\/ny\/new-york\/profile\/real-estate-investing\/landa-0121-87139022\/complaints\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">complaints<\/a> have been filed against Landa to the Better Business Bureau, with dozens of people echoing similar allegations. For instance, on May 1, one user who filed such a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bbb.org\/us\/ny\/new-york\/profile\/real-estate-investing\/landa-0121-87139022\/complaints#0121_87139022_23272321\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">complaint<\/a> shared they had invested over $8,000 through Landa and stopped receiving dividends last fall. The user said Landa customer service replied to their emails by saying that the company is \u201cworking on it.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In mid-April, when TechCrunch asked Landa about the issue \u2014 including the status of its downed site and whether the company itself had shut down \u2014 CEO Cohen said:\u00a0 \u201cOf course not. The site will be back up.\u201d<\/p>\n<p class=\"wp-block-paragraph\">When asked why the app was not working and why users had not received dividends in months, Cohen\u2019s terse reply still seemed to refer to the website, blaming the servers: \u201cIt\u2019s unrelated to dividends. It\u2019s from our servers. We are on it.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Upon further prodding, Cohen on April 18 shared the following statement: \u201cWe are aware of the issues currently affecting our platform and product, and want to assure all investors that we are actively working to restore full functionality as soon as possible. We have kept investors informed through all updates, including the server access issue. We appreciate the continued support of our investors and resident community, and remain committed to delivering on our vision of making real estate investing accessible to everyone.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Cohen did not respond to our request for a status update on May 20. Investors NFX and 83North did not respond to our multiple requests for comment.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-embroiled-in-a-lawsuit-nbsp\"><span class=\"ez-toc-section\" id=\"Embroiled_in_a_lawsuit\"><\/span>Embroiled in a lawsuit\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"wp-block-paragraph\">It\u2019s not just users who are upset with Landa. The company\u2019s primary lenders are suing.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Viola Credit and L Finance filed a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=eqC3tf7N_PLUS_rx2yHDvTeO1Bw==\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">lawsuit<\/a> in New York State Supreme Court against Landa in November 2024, accusing it of \u201cnumerous defaults\u201d on more than $35 million worth of loans they extended to the company. (Viola is also an investor in Landa through its venture division.)<\/p>\n<p class=\"wp-block-paragraph\">The lenders also accused it of missing property tax payments that led to the forced sale of those properties, neglecting properties, and even failing to collect rents.<\/p>\n<p class=\"wp-block-paragraph\">The lawsuit \u2014 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bisnow.com\/national\/news\/commercial-real-estate\/startup-focused-on-democratizing-real-estate-ordered-to-hand-over-119-properties-to-lender-127974#\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">first reported<\/a> by real estate industry publication Bisnow \u2014 states that after over a year of attempting to get Landa to honor their commitments, the lenders removed Landa as manager of the homes and appointed an independent property manager and a chief restructuring officer.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">After further negotiations failed, the creditors later asked the court for, and were granted, an injunction blocking Landa from accessing bank accounts, interfering with their attempts to restructure the business, and reclaiming money they say is owed \u2014 including proceeds from property sales.<\/p>\n<p class=\"wp-block-paragraph\">Despite the injunction, the lenders returned to court in January 2025, claiming Landa told tenants to send rent payments to a different bank account not covered by the ruling. They discovered this while making repairs to one property\u2019s septic system. They also accused Landa\u2019s CEO of trying to sell or refinance some properties.<\/p>\n<p class=\"wp-block-paragraph\">The court ordered Landa to explain itself. Instead, in early March, Landa asked the court for a restraining order against Viola Credit and L Finance, claiming the independent manager was \u201cinstalled unlawfully.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Judge Jennifer G. Schecter was not pleased. In March, she ordered both sides to find a solution \u201cthat\u2019s good for all of your clients.\u201d She denied Landa\u2019s request for an injunction and ordered the company to pay nearly $100,000. A few weeks later, Landa filed a formal countersuit. The case is still pending.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-challenging-model\"><span class=\"ez-toc-section\" id=\"Challenging_model\"><\/span><strong>Challenging model<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"wp-block-paragraph\">Landa is just one of several startups that emerged in recent years offering fractional real estate investing. It is also apparently not the only one that has struggled \u2014 especially after mortgage interest rates began soaring in 2022.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Fintor raised millions of dollars before seemingly pivoting to offer an \u201cAI Agent to automate finance and real estate operations with human level performance.\u201d Dallas-based Nada, which offered index-like real estate investment products called \u201cCityfunds,\u201d allowing non-accredited investors to buy into a city\u2019s home equity market with as little as $250, also appears to have pivoted. Its website now promotes a new tagline: \u201cAccess home equity to finance anything.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a rel=\"nofollow\" target=\"_blank\" href=\"http:\/\/arrivedhomes.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Arrived<\/a> was perhaps the highest-profile of the bunch \u2014 and the only one that seems to be actively operating under the same model. In May of 2022, TechCrunch reported that Arrived raised $25 million in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A funding round including Bezos Expeditions, to allow people to buy shares in single-family rentals with \u201cas little as $100.\u201d According to its website, the startup has to date paid out over $13 million in dividends and interest and has 766,000 registered investors.<\/p>\n<p class=\"wp-block-paragraph\">As for those people who invested with Landa, the future of their money appears uncertain. As of May 23, Landa\u2019s investor portal website still redirects to a \u201ccome-back-soon\u201d maintenance message.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"2894\" height=\"1620\" src=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?w=680\" alt=\"\" class=\"wp-image-3011517\" srcset=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg 2894w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=150,84 150w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=300,168 300w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=768,430 768w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=680,381 680w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=1200,672 1200w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=1280,717 1280w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=430,241 430w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=720,403 720w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=900,504 900w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=800,448 800w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=1536,860 1536w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=2048,1146 2048w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=668,375 668w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=1102,617 1102w, https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/05\/Landa-Site.jpg?resize=708,396 708w\" sizes=\"auto, (max-width: 2894px) 100vw, 2894px\"\/><figcaption class=\"wp-element-caption\"><span class=\"wp-block-image__credits\"><strong>Image Credits:<\/strong>Landa<\/span><\/figcaption><\/figure>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/category\/technology\/\" target=\"_blank\" >Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techcrunch.com\/2025\/05\/23\/landa-promised-real-estate-investing-for-5-now-its-gone-dark\/\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The idea of becoming a real estate investor for as little as $5 may seem too good to be true. And for many users of Landa, a proptech company that promised just that \u2014 it has been. Landa emerged from stealth in August 2022, announcing a total of $33 million in funding and a pledge&#8230;<\/p>\n","protected":false},"author":1,"featured_media":671087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2022\/08\/IMG_9761-5.jpg?resize=1200,895","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[77431,61594,156587,156588,71226,70917],"class_list":["post-671086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-north-america","tag-exclusive","tag-landa","tag-nfx","tag-real-estate","tag-startups"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/671086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=671086"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/671086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/671087"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=671086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=671086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=671086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}