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by Murda_boy_jay

I put over $300 into this app it grew to a bit over $600 and I get okay dividends when they are not constantly changing it like some of the property shares I bought were strictly because of the high dividend of $50 and $25 per share. I check them a few days after purchasing and Landa had reduced them to mere Pennie’s up to $2.13 which got me fuming but even worse is that for the past 3 months I have been talking to customer support and many agents about the fact that I’m trying to withdraw some of the money and I have over $79 available cash for withdrawal and I try to withdraw $5 and I wait over a week for this $5 a few days for it to process from pending to settlement then settlement to complete all for it to just fail hours or a day after saying it’s complete so now I’m over here waiting for money and never getting it. This has been happening every week for the past 3 months I even changed bank accounts just in case it was my banking institution and STILL it gave me the exact same issue so I’m starting to feel like this app is a fraud and a scam to get peoples money but not give it back and If they do not close my account and write me a check for the money that I have in this app I will be pursuing legal actions against LANDA INC

by Khuang9862

Had no problem withdrawing my money from Landa. However, the model is EXTREMELY scammy. Once you buy into an IPO, you CANNOT pull that money out until all the shares sell. Sometimes, it can be up to 100,000 shares. Once you buy, it’s LOCKED in. Don’t even think about withdrawing until then. Even worse, most properties drop 40-60% in value immediately after being open for trading which cancels out all the dividends you’ve earned. So the other option is to buy properties when they’re already open for trading. No, the market is so ILLIQUID that you have to wait for someone to buy your shares for the order to fill which is nearly impossible because of the small amount of investors. It can take months before your order is even filled. Seems like the only way to make money on this app is to buy IPO properties after they’ve already dropped massively in price, wait for the price to go up, and hope someone buys your shares at that price. Currently liquidating my entire portfolio right now. Still have 2 properties that have only sold 10% of shares in IPO and it’s been around that range for months. Do not believe what you see on their discord as it is the same delusional individuals talking in there everyday making excuses for this app. Would not recommend this app to anyone.

by Bettertheneveryoneelse

I have worked in real estate investment for 5+ years now and work with investors who own over 100 properties and I nor them would never recommend this app!! This is not even a remotely good method of investment for those with low income, this app is praying on the lack of knowledge that beginner investors have. Nearly every property on this app that you could buy into has a 15 year plus return on investment. Meaning to get your whopping 20 dollars back on 1 share you have to wait 20 years on average. Thats a terrible investment, just save your money and buy a bond that has a 5 years or shorter return that only costs maybe 5k and has you getting your money back plus 5 percent GUARANTEED in 5 years time. Seriously this website is just trying to scam you out of your money this practice is honestly disgusting and should be illegal for people to do. Its almost akin to share cropping from the 1800s.