Hi, do you all plan on remaining an LLC for tax purposes, and are you profitable at this point in time?

Great questions, Lucas! We expect to be profitable within 18 months, and yes, ABC will remain an LLC, giving tax distributions as appropriate.

1. Are we going to own equity in ABC FinTech or tokens for it's holdings? 2. what is the projected income or CAP rate from the three properties already obtained? 3. Are you looking to invest in other cities besides Chicago? if so which ones? 4. how did you get to 38-42M valuat...

Hi Eugene. Thanks for reaching out. I'll address your questions one by one: 1. You'll own equity in ABC FinTech LLC via the Wefunder SPV. The ABC Tokens awarded, as one per $100 invested, represent fractional ownership of the real estate portfolio. It was important to us that investors supporting ABC FinTech through this Wefunder raise also participate as token-holders. This happens outside of the Wefunder platform. You'll need to create an account on www.abctokens.com at the close of the rou...

What is your current burn rate? Do you anticipate that accelerating in the coming months?

Hi Justin, The burn rate is currently about $9,000/month, but it varies depending on the tech stack development and marketing campaigns. Both of which are controllable. We're also raising additional working capital from strategic partners (angels and VCs) that will provide enough runway to operate the next 24 months. However, we expect to be profitable in by Summer of 2023.

Do you provide K1's to investors for tax benefits from investing in RE?

Hi Taylor, First, I want to clarify that our offering on Wefunder is NOT an offer for ABC Tokens. The investment opportunity on here is for ABC FinTech, the operating company. ABC FinTech is raising working capital for marketing, legal expenses, technology development, etc., so the investment in ABC FinTech does NOT represent an interest in the commercial real estate portfolio. ABC FinTech is responsible for the ongoing management of the platform and for selling ABC Tokens to investors outsid...

What is difference about ABC FinTech and other blockchain companies involved in real estate?

Hey Garrett, Great question! We see A LOT of companies using blockchain to fractionize interest in specific real estate assets. While these companies will realize some benefits of using blockchain (i.e. lower barriers to entry, reduced administrative fees, instant transfer of value, etc.), we believe this doesn't solve the liquidity problem because in order to exit your investment, you'll have to find a buyer for that particular property. For this reason, ABC chose to fractionize the equity a...

ABC FinTech Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

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📈 2022 Revenue 4x over 2021

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🔥 Team with 10+ previous exits totaling more than $1B

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🏢 ABC FinTech is a Marketplace for Commercial Property Owners & Investors

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🌎 The global commercial real estate market is worth 34 trillion U.S. dollars

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💰 Recurring revenue from management service fees (estimated at 1000x in 3 years)

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👔 Co-Founder Harvard MBA backed by stellar Real Estate Team with 300+ Years of Experience

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🙌 Newsletters to 10,000+ subscribers with an average open rate of 33%

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