Bitofproperty.com Review

Based on looking at the website, Bitofproperty.com, which now operates under the InRento brand, positions itself as a rental properties investment platform. While it highlights features like monthly interest and capital gains from real estate investments, the core mechanism involves earning a fixed annual interest from rental income and potential capital gains, which fundamentally operates on a riba interest-based model. This directly conflicts with Islamic financial principles, which strictly prohibit dealing with interest, whether earned or paid. Therefore, from an Islamic perspective, this platform is not recommended for investment.

Here’s a summary of the review:

• Platform Name: Bitofproperty.com now InRento
• Primary Offering: Real estate crowdfunding for rental properties.
• Investment Model: Offers fixed annual interest and capital gains from rental income and property appreciation.
• Minimum Investment: €500
• Security: Investments secured with primary mortgages.
• Licensing: Licensed and regulated by the Bank of Lithuania.
• Islamic Compliance: Not permissible. The model is inherently interest-based riba, which is strictly forbidden in Islam.
• Overall Recommendation: Strongly discouraged for Muslim investors due to its non-compliance with Islamic finance principles.

The website touts benefits like hedging against inflation, consistent returns, and security through 1st-rank mortgages.

It showcases impressive statistics such as “4.64M € Investors’ earnings,” “12.17% Average return p.a.,” and “0% Late projects,” aiming to build trust and attract investors.

However, even with these attractive figures and regulatory oversight, the underlying financial mechanism—earning fixed interest on capital—renders it impermissible for those adhering to Islamic finance.

0.0 0.0 out of 5 stars (based on 0 reviews) Excellent0% Very good0% Average0% Poor0% Terrible0% There are no reviews yet. Be the first one to write one. Your review Your overall rating Select a Rating5 Stars4 Stars3 Stars2 Stars1 Star Title of your review Your review Your name Your email This review is based on my own experience and is my genuine opinion. ​ Submit Review

Amazon.com: Check Amazon for Bitofproperty.com Review Latest Discussions & Reviews:

The platform itself, through its “How InRento works?” section, explicitly states, “On a monthly basis interest from rental income is distributed as a fixed-interest,” further confirming the interest-based nature of its operations.

For Muslims seeking ethical investment avenues, exploring alternatives that strictly adhere to Sharia principles, such as asset-backed investments without fixed interest or profit-sharing partnerships, is crucial.

Here are some ethical alternatives for wealth management and investment, keeping in mind Islamic finance principles and avoiding interest-based models:

• Islamic Investment Funds: These funds invest in Sharia-compliant equities, sukuk Islamic bonds, and real estate, avoiding industries like alcohol, gambling, and interest-based finance. They operate on profit-and-loss sharing principles rather than fixed interest.
• Halal Stock Market Investments: Investing directly in shares of Sharia-compliant companies listed on stock exchanges. Various screening tools and indices exist to identify such companies.
• Commodity Trading Halal: Engaging in the physical buying and selling of commodities like gold, silver, or agricultural products, ensuring immediate possession and avoiding speculative or interest-based derivatives.
• Real Estate Crowdfunding Sharia-compliant: Platforms that facilitate real estate investment through profit-sharing or lease-to-own models, rather than debt-based financing or fixed interest returns.
• Ethical Savings Accounts Non-Interest Bearing: Banks that offer non-interest-bearing accounts, often based on Qard Hasan benevolent loan or Mudarabah profit-sharing principles, where depositors may receive a share of the bank’s profits, but no guaranteed interest.
• Socially Responsible Investing SRI Funds: While not exclusively Islamic, many SRI funds align with ethical principles by avoiding industries deemed harmful. It’s crucial to screen these for full Sharia compliance to ensure no interest or forbidden sectors are involved.
• Direct Business Investments Mudarabah/Musharakah: Investing directly in a business as a partner, sharing in its profits and losses. This embodies the true spirit of Islamic finance, where risk and reward are shared.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Bitofproperty.com Review & First Look

Based on checking the website, Bitofproperty.com, which has now transitioned its operations and branding to “InRento,” positions itself as a cutting-edge rental property investment platform.

The homepage immediately greets visitors with a bold claim: “tool against inflation Rental Properties Investment Platform.” This statement sets the stage, promising a defensive investment strategy in an era of economic uncertainty.

The core proposition is straightforward: investors can “Start earning monthly interest and capital gains with investments starting at just €500!” This opening salvo, while enticing for many, immediately raises a flag for those adhering to Islamic financial principles due to the explicit mention of “interest.”

The site prides itself on securing all investments with “primary mortgage,” which is a common security feature in real estate financing, aiming to reassure potential investors about the safety of their capital. It also prominently displays an award: “Europe FinTech Awards 2024 #1 Investment Tech of the Year,” lending an air of credibility and industry recognition. Key performance indicators are splashed across the page: “4.64M € Investors’ earnings,” “12.17% Average return p.a.,” and a striking “0% Late projects.” These figures are clearly designed to instill confidence and highlight a successful track record.

Understanding the Platform’s Core Offering

The platform’s primary function is to allow individuals to invest in rental properties, essentially democratizing real estate investment by lowering the entry barrier to €500. This micro-investment approach makes real estate accessible to a broader audience who might not have the capital to purchase entire properties. The website emphasizes two types of returns: Cyberblackmail911.com Review

• Monthly Interest from Rent: This is explicitly stated as “fixed-interest,” implying a predetermined return regardless of the property’s actual rental performance or vacancy rates. The project owner is “obliged to pay fixed-interest to investors,” even if the property is vacant.
• Capital Gains: These are potential gains realized at the project’s completion, derived from the appreciation of the property’s value. These gains can be “fixed or variable” depending on the investment terms.

The Licensing and Regulatory Aspect

A significant point of emphasis on the website is its regulatory status.

InRento claims to be “the EU’s first and largest licensed buy-to-let crowdfunding platform,” and that its “Services of InRento are licensed and regulated by the Bank of Lithuania.” This is a crucial element for any financial platform, as regulation provides a layer of protection and oversight for investors.

The presence of a recognized financial authority’s oversight can significantly enhance trust.

However, regulation, while important for conventional finance, does not equate to Islamic compliance.

The Unwavering Principle of Riba Interest in Islam

The explicit mention of “monthly interest” and “fixed-interest” on the Bitofproperty.com InRento homepage is a clear indicator of its non-compliance with Islamic finance principles. Quirkyqueenfinds.com Review

In Islam, “riba,” often translated as interest or usury, is strictly forbidden.

This prohibition applies to both receiving and paying interest.

The rationale behind this prohibition is multifaceted:

• Justice and Equity: Islam promotes a system where wealth is generated through real economic activity, shared risk, and fair distribution of profits and losses. Riba, on the other hand, allows wealth to be generated from money itself, without any tangible productive effort or shared risk, often leading to exploitation and inequality.
• Risk Sharing: Islamic finance emphasizes profit-and-loss sharing PLS models, such as Mudarabah profit sharing, labor by one party, capital by another and Musharakah joint venture, capital and labor by both parties. In these models, both parties share the risks and rewards, fostering a more equitable and stable economic system. Fixed interest, conversely, guarantees a return to the capital provider regardless of the project’s success or failure, placing all risk on the borrower.
• Ethical Foundation: The Islamic economic system is built on ethical considerations, discouraging practices that can lead to greed, hoarding, and social disparity. Riba is seen as an unearned income that contributes to these negative societal outcomes.

Given this fundamental prohibition, any platform that offers a fixed return on investment, regardless of how it’s framed e.g., “interest from rent”, falls outside the permissible bounds of Islamic finance.

Bitofproperty.com Cons Islamic Perspective

From an Islamic perspective, Bitofproperty.com InRento presents significant challenges due to its foundational operational model. Sparted.com Review

While it may appear attractive to conventional investors with its promises of steady returns and capital gains, the core mechanism fundamentally conflicts with Sharia principles.

It’s not about the glossy website or the reported high returns.

It’s about the underlying contracts and financial instruments.

Riba-Based Operations

The most significant con, and indeed a deal-breaker for Muslim investors, is the explicit use of “interest” riba in its investment model. The website states, “Start earning monthly interest and capital gains” and further clarifies, “On a monthly basis interest from rental income is distributed as a fixed-interest.” This fixed-interest payment on capital is unequivocally riba, which is strictly forbidden in Islam.

• Fixed Returns: The guarantee of a fixed monthly interest payment, regardless of the actual performance of the rental property or the project’s profitability, is a hallmark of interest-based lending. In Islamic finance, returns must be tied to the actual profit or loss generated by a real asset or business venture.
• Debt-Based Financing Disguise: While presented as an investment in rental properties, the structure where investors receive a fixed interest on their capital resembles a loan with predetermined interest, rather than a true equity partnership where profit and loss are shared.

Lack of True Profit-and-Loss Sharing

Islamic investment models are predicated on the principle of profit-and-loss sharing PLS, where investors share in the risks and rewards of a venture. Jtclarkelondon.com Review

This promotes a more equitable distribution of wealth and encourages ethical business practices.

• Absence of Shared Risk: Bitofproperty.com’s model largely insulates the investor from the direct risks associated with property management, vacancies, or market downturns, by guaranteeing a “fixed-interest.” While it mentions “potential capital gains,” the primary income stream is fixed interest, not a share of variable profits.
• Ethical Disconnect: The absence of shared risk creates an ethical disconnect from the real economic activity. Islamic finance seeks to align the interests of all parties, ensuring that gains are truly earned through productive endeavors and shared liabilities.

Uncertainty Gharar in Certain Aspects

While the fixed interest component is clear, other elements, particularly regarding “capital gains,” might introduce elements of gharar excessive uncertainty.

• Speculative Nature of Capital Gains: While real estate appreciation is a known phenomenon, relying on “potential capital gains” without clear, Sharia-compliant mechanisms for valuation and distribution can introduce uncertainty, especially if the secondary market for selling investments isn’t perfectly transparent or liquid.
• Market Risk vs. Shared Risk: While all investments carry market risk, Islamic finance seeks to mitigate gharar arising from ambiguous contracts or unknown outcomes. The focus on fixed interest first, with variable capital gains as a secondary, less defined component, can make the overall risk profile less transparent from a Sharia perspective.

Limited Transparency on Underlying Contracts

The website provides general information about how investments are secured with mortgages and how interest is distributed.

However, it lacks deep transparency into the specific Sharia-compliant contractual structures that would be necessary to validate its permissibility.

• Absence of Mudarabah/Musharakah: There is no mention of Mudarabah profit-sharing or Musharakah joint venture contracts, which are the cornerstones of Islamic equity finance. Instead, the language consistently points to interest-based returns.
• Conventional Legal Framework: The platform operates under EU financial regulations, which are based on conventional finance laws that permit and often facilitate interest-based transactions. This legal framework, while providing regulatory oversight, does not inherently ensure Sharia compliance.

No Mention of Sharia Compliance or Advisory

Crucially, the website makes no claim of Sharia compliance, nor does it mention any Sharia advisory board or certification. Affordablemattressstoreholland.com Review

For a platform to be considered Islamic, it must undergo rigorous scrutiny by qualified Islamic scholars and financial experts.

• Absence of Sharia Board: The lack of a Sharia board, which would audit and approve all financial products and operations, is a clear sign that the platform does not adhere to Islamic principles.
• No Halal Certification: There are no certifications or endorsements from recognized Islamic finance bodies or organizations.

Bitofproperty.com Alternatives Islamic Perspective

Given that Bitofproperty.com InRento operates on an interest-based model, it’s crucial to identify alternatives that align with Islamic financial principles.

The key is to find platforms and products that facilitate wealth growth through ethical, Sharia-compliant means, primarily focusing on profit-and-loss sharing, real asset-backed investments, and avoiding interest riba, excessive uncertainty gharar, and prohibited industries.

1. Wahed Invest

• Product Name: Wahed Invest
• Key Features: Wahed Invest is a global ethical robo-advisor that offers Sharia-compliant investment portfolios. It automates investment decisions based on your risk tolerance and investment goals, ensuring all underlying assets stocks, sukuk, real estate, gold are pre-screened for Islamic permissibility. They have a dedicated Sharia Advisory Board.
• Average Price: Management fees typically range from 0.49% to 0.99% annually, depending on the investment amount. Minimum investment can start from $100.
• Pros:
  • Fully Sharia-compliant: All investments are screened and approved by a reputable Sharia board.
  • Diversified Portfolios: Offers diversification across various asset classes, reducing risk.
  • Automated Investing: Robo-advisor service simplifies investing, making it accessible even for beginners.
  • Global Reach: Available in multiple countries, allowing for international diversification.
  • Transparent Fees: Clear fee structure with no hidden costs.
• Cons:
  • Relatively New: As a modern fintech company, its long-term track record is still developing compared to traditional asset managers.
  • Limited Customization: Being a robo-advisor, it offers pre-set portfolios, limiting individual customization.
• Amazon Search URL: Wahed Invest Note: Wahed is a financial service, not directly sold on Amazon, but this category helps illustrate the niche.

2. Sharia-Compliant Real Estate Crowdfunding Platforms

• Product Name: Various platforms like CrowdToLive USA-focused, MANZIL MARKETPLACE UK-focused, and others emerging globally.
• Key Features: These platforms connect investors with real estate opportunities that are structured using Sharia-compliant contracts like Murabaha cost-plus financing, Musharakah joint venture, or Ijarah leasing. Investors typically share in the rental income or capital appreciation without charging or receiving fixed interest.
• Average Price: Minimum investment varies widely, from a few hundred dollars to several thousand, depending on the platform and project. Fees are typically structured as a percentage of profits or a fixed project fee.
  • Asset-Backed: Investments are tied to tangible real estate assets.
  • Sharia-Compliant Structures: Utilizes permissible Islamic finance contracts.
  • Diversification: Allows investors to diversify into real estate without purchasing an entire property.
  • Passive Income: Potential for rental income and capital gains.
  • Limited Liquidity: Real estate investments can be less liquid compared to stocks.
  • Geographic Limitations: Platforms often focus on specific regions or countries.
  • Due Diligence Required: Investors need to thoroughly vet each project and platform for Sharia compliance and financial viability.
• Amazon Search URL: Sharia-Compliant Real Estate Crowdfunding

3. Sukuk Islamic Bonds through Brokerages

• Product Name: Various Sukuk issuances e.g., government Sukuk, corporate Sukuk.
• Key Features: Sukuk are Sharia-compliant alternatives to conventional bonds. Instead of debt, they represent an ownership share in a tangible asset or venture, generating returns through rental income or profit-sharing from the underlying asset. They are typically traded through investment brokerages that offer access to global markets.
• Average Price: Minimum investment can be high for direct purchase, often requiring significant capital. More accessible through Sukuk funds.
  • Fixed-Income Alternative: Provides a Sharia-compliant alternative for income-generating investments.
  • Asset-Backed: Supported by tangible assets, reducing risk.
  • Diversification: Offers diversification away from equity markets.
  • Regulated Market: Traded on recognized financial exchanges.
  • Accessibility: Direct access to individual Sukuk issuances might be challenging for retail investors. often accessed via funds.
  • Liquidity: The secondary market for some Sukuk might be less liquid than conventional bonds.
  • Yields: Returns may vary based on market conditions and the underlying asset’s performance.
• Amazon Search URL: Sukuk Investment Funds

4. Halal Stock Market Indices/ETFs

• Product Name: Dow Jones Islamic Market Index ETFs, S&P Global BMI Sharia Index ETFs, MSCI Islamic Index ETFs.
• Key Features: These are exchange-traded funds ETFs or index funds that track specific indices composed of Sharia-compliant companies. These companies undergo strict screening to ensure they do not operate in forbidden industries alcohol, gambling, pork, conventional finance and meet financial ratios that avoid excessive debt.
• Average Price: Can be bought for the price of a single share, making them highly accessible. Management fees are typically low 0.1% – 0.5% annually.
  • High Liquidity: Easily bought and sold on stock exchanges.
  • Diversification: Provides instant diversification across many Sharia-compliant companies.
  • Low Cost: Generally lower fees compared to actively managed funds.
  • Transparency: Holdings are publicly disclosed.
  • Market Volatility: Subject to stock market fluctuations.
  • Periodic Purification: Some scholars advise a periodic purification of incidental non-compliant income e.g., from interest-bearing cash holdings of companies.
• Amazon Search URL: Halal ETFs

5. Gold & Silver Physical Investments

• Product Name: Physical gold bars, gold coins, silver bars, silver coins.
• Key Features: Investing in physical gold and silver is widely accepted as Sharia-compliant, as they are tangible assets and historical forms of currency. The key is to take physical possession or use a trusted custodian that ensures actual ownership and avoids speculative derivatives.
• Average Price: Varies daily with market prices. Transaction fees typically apply.
  • Inflation Hedge: Often considered a hedge against inflation and economic uncertainty.
  • Tangible Asset: Real, physical asset providing a sense of security.
  • Sharia-Compliant: Widely accepted as permissible when held physically.
  • Storage Costs: Requires secure storage, which can incur costs.
  • No Income Generation: Does not generate passive income like rentals or dividends.
  • Price Volatility: Prices can fluctuate significantly.
  • Liquidity: Selling large quantities can sometimes be less liquid than other assets.
• Amazon Search URL: Physical Gold Coins, Physical Silver Bars

6. Ethical Savings Accounts Non-Interest Bearing

• Product Name: Various Islamic banks or conventional banks offering specific Islamic finance windows e.g., Guidance Residential for home financing.
• Key Features: These accounts do not offer fixed interest. Instead, they might operate on principles like Qard Hasan benevolent loan, where the bank can use the funds without paying interest, or Mudarabah, where the bank may share a portion of its actual profits with depositors, but there’s no guarantee of a fixed return.
• Average Price: No fees for basic savings, but profit-sharing models vary.
  • Zero Riba: No involvement with interest.
  • Liquidity: Funds are typically accessible.
  • Capital Preservation: Aims to preserve capital without guaranteed returns.
  • Lower Returns: Typically yield lower or no returns compared to interest-bearing accounts or investments.
  • Limited Availability: Not as widely available as conventional banks.
• Amazon Search URL: Halal Financial Services

7. Direct Business Investments Mudarabah/Musharakah

• Product Name: Investing in a local halal business, Sharia-compliant startup accelerators, or ethical business partnerships.
• Key Features: This involves directly investing capital into a business venture, becoming a partner Musharakah or providing capital to an entrepreneur Mudarabah where profits are shared according to a pre-agreed ratio, and losses are shared proportionally to capital contribution in Musharakah, or borne by the capital provider in Mudarabah unless due to negligence.
• Average Price: Highly variable, from small angel investments to significant capital injections.
  • Purest Form of Islamic Finance: Directly embodies the principle of shared risk and reward.
  • Supports Real Economy: Funds go directly into productive economic activity.
  • Potential for High Returns: If the business is successful, returns can be significant.
  • Ethical Alignment: Can choose to invest in businesses that align with personal values.
  • High Risk: Direct business investments carry higher risk than diversified portfolios.
  • Illiquid: Funds are typically tied up for long periods.
  • Requires Due Diligence: Thorough research and understanding of the business are essential.
  • Active Involvement: May require more active involvement or oversight.
• Amazon Search URL: Ethical Business Investment

How to Avoid Interest-Based Investments and Focus on Halal Alternatives

Avoiding interest-based investments is a cornerstone of Islamic finance. This isn’t just a legalistic prohibition. Premierconsumer.org Review

It’s a fundamental principle rooted in economic justice, shared risk, and ethical wealth creation.

The temptation to engage with platforms like Bitofproperty.com InRento arises from the promise of “fixed income” and “guaranteed returns,” which are attractive in volatile markets.

However, for a Muslim, these guarantees come at the cost of violating a core tenet of their faith.

The Problem with Fixed Interest Riba

The explicit offer of a “fixed annual interest” and “monthly interest payouts” from Bitofproperty.com is the primary red flag.

Riba occurs when money is lent or exchanged for a predetermined, additional amount over and above the principal, without linking it to real economic activity or shared risk. This is precisely what the platform offers. Vqtshirt.com Review

• No Shared Risk: In an interest-based system, the lender investor, in this case is guaranteed a return irrespective of whether the underlying project makes a profit or a loss. This shifts all the risk to the borrower project owner, which is considered unjust in Islam.
• Money Making Money: Riba treats money as a commodity that can generate more money by itself, without productive effort or shared enterprise. Islam, however, teaches that wealth should be generated through legitimate trade, industry, and genuine partnerships.
• Economic Consequences: Historically, economies heavily reliant on interest have faced cycles of booms and busts, wealth concentration, and economic inequality. Islamic finance aims to mitigate these issues by promoting real economic activity and risk-sharing.

Key Principles for Halal Investing

To ensure your investments are Sharia-compliant, focus on these core principles:

1. Avoid Riba Interest: This is paramount. Any product or platform that offers or charges a fixed, predetermined return on money lent or invested is forbidden.
2. Avoid Gharar Excessive Uncertainty: Contracts should be clear, unambiguous, and free from excessive speculation or material misrepresentation. This includes avoiding derivatives or complex financial instruments where the underlying asset or outcome is highly uncertain.
3. Avoid Maysir Gambling/Speculation: Investments should be based on real economic activity, not pure chance or speculation. Short-selling, day trading based purely on price movements, or investments in gambling enterprises are impermissible.
4. Avoid Haram Industries: Do not invest in companies or industries involved in forbidden activities such as alcohol, pork, conventional banking interest-based, insurance unless Takaful, gambling, pornography, or weapons manufacturing for unethical purposes.
5. Promote Justice and Equity: Investments should contribute positively to society, promote fairness, and not exploit individuals or communities. This often involves investing in ethical businesses, sustainable projects, and socially responsible enterprises.

Practical Steps to Identify Halal Investments

1. Seek Sharia-Compliant Certifications: Look for platforms or funds that are certified by a recognized Sharia Advisory Board. These boards consist of Islamic scholars who review and approve financial products and operations for compliance.
2. Understand the Underlying Contracts: Don’t just look at the marketing. Dive into the legal agreements and understand how returns are generated. Are they based on profit-and-loss sharing Mudarabah, Musharakah, leasing Ijarah, or ethical trade Murabaha? Or are they fixed interest?
3. Invest in Real Assets: Prioritize investments in tangible assets like real estate through Sharia-compliant crowdfunding or direct ownership, commodities gold, silver, or productive businesses.
4. Utilize Halal Screening Tools: For stock market investments, use indices or software that screen companies for Sharia compliance based on their business activities and financial ratios.
5. Consult Knowledgeable Scholars: If in doubt, consult with Islamic finance experts or scholars who can provide guidance on specific investment opportunities.

Platforms like Bitofproperty.com, despite their apparent benefits, serve as a reminder to always prioritize Sharia compliance over conventional financial gains.

Bitofproperty.com Pricing

Based on the Bitofproperty.com InRento website, the pricing structure for investors is primarily presented through the returns they can expect, rather than explicit fees charged to investors for placing their money. The platform’s model seems to be built on taking a cut from the project side borrowers/developers or a spread on the interest rates offered. This is a common model in crowdfunding platforms where the investor experience is simplified by making it seem “free” or by showing net returns.

Investment Thresholds and Expected Returns

The most prominent “pricing” detail for investors is the minimum investment and the advertised returns:

• Minimum Investment: The website clearly states, “investments starting at just €500!” This low entry barrier is designed to attract a broad investor base.
• Average Return p.a.: A key metric displayed is “12.17% Average return p.a.” This figure is presented as a compelling reason to invest, suggesting significant annual returns.
• Project-Specific Returns: Each listed project, such as “Timeshare Town Hall 39, Vilnius II” or “Liberty 72B, Kaunas I,” details its own “Fixed annual interest” range e.g., 6.5-7.75% or 9.25-10.5% and “Capital Gains” e.g., 1.5% annually. This indicates that the exact return an investor receives will depend on the specific project they choose.
• Interest Distribution: “Interest Distribution: Monthly” is specified for all listed projects, promising a consistent income stream.

Implicit Costs and Revenue Streams

While direct investor fees aren’t prominently displayed on the homepage, financial platforms typically have revenue streams. Inversaweb.com Review

These could implicitly affect investor returns or involve separate charges:

• Spread on Interest Rates: It’s common for platforms to charge a higher interest rate to the project owner/borrower than what they pay out to investors. The difference is the platform’s margin. For instance, if a project owner pays 12% and investors receive 10.5%, the platform pockets the 1.5%.
• Origination/Service Fees to Borrowers: Developers or project owners seeking funding through the platform likely pay fees for listing their projects, for successful funding, or for ongoing administration. These fees are absorbed by the project side, potentially reducing the overall available pool for investor returns or increasing the cost of borrowing for the project.
• Secondary Market Fees: The platform mentions a “Secondary Market” where investors can exit their investments early. There might be a transaction fee or a spread charged for selling investments on this market.
• Withdrawal Fees: While not explicitly mentioned on the homepage, some platforms charge fees for withdrawing funds to an investor’s bank account.

Transparency of Fees

One area where the homepage could be more transparent for potential investors is in detailing any fees directly deducted from investor capital or returns. While the “average return” is high, knowing the exact structure of fees if any that reduce this gross return would provide a clearer picture. For ethical investors, understanding the flow of funds and how the platform profits is crucial, especially to ensure it doesn’t involve any hidden interest or exploitative practices. The current presentation focuses heavily on the net return for investors, which, while attractive, leaves the gross return and the platform’s cut less visible on the main page.

How to Cancel Bitofproperty.com Subscription / Account

Based on the information typically available on financial investment platforms and the general user experience flow, Bitofproperty.com now operating as InRento would likely have a structured process for account cancellation.

Since they deal with actual investments and regulatory compliance, a simple “unsubscribe” button like a newsletter is unlikely to be sufficient.

The process would involve several steps to ensure all financial obligations are met, funds are properly liquidated or transferred, and regulatory requirements like KYC/AML data retention are adhered to. Roster3.com Review

General Steps for Account Cancellation:

1. Withdraw All Funds: Before initiating a full account closure, the primary step is to ensure that all your invested capital and earned returns are withdrawn from the platform.

   • Liquidate Investments: If you have active investments, you would typically need to sell them on the secondary market if available and liquid or wait for the projects to mature and funds to be repaid. The website mentions a “Secondary Market” for early exits, which would be the first point of action for active investments.
   • Transfer to Bank Account: Once funds are liquid and available in your platform account, you would initiate a withdrawal to your verified bank account.
   • Check for Minimum Withdrawal Thresholds or Fees: Be aware of any minimum withdrawal amounts or associated fees that might apply.

2. Access Account Settings: Log into your Bitofproperty.com InRento investor dashboard. Look for sections related to “Account Settings,” “Profile,” “My Account,” or similar headings.

3. Locate Cancellation Option: Within the account settings, there might be a direct “Close Account,” “Deactivate Account,” or “Cancel Subscription” option. If not immediately visible, it might be nested under “Security,” “Privacy,” or “Support.”

4. Contact Customer Support: If a direct self-service option is not available or if you encounter any issues, contacting their customer support would be the next step.

   • Schedule a Call: The website prominently features a “Schedule a Call” option with their “licensed investment experts.” This would be an appropriate channel to discuss account closure.
   • Email Support: Look for a dedicated support email address.
   • Live Chat: Some platforms offer live chat functionality, which can be useful for immediate assistance.

5. Verification Process: For security reasons and regulatory compliance, the platform will likely require identity verification to confirm you are the legitimate account holder initiating the closure. This might involve: Ostechhub.com Review

   • Email confirmation.
   • Providing personal details matching your registered information.
   • Submitting identification documents again.

6. Confirmation and Data Retention: After successful closure, you should receive a confirmation email. Be aware that financial institutions are often required to retain certain customer data for a specific period due to legal and regulatory obligations, even after account closure. They typically cannot fully delete all your data immediately.

Specifics Relevant to InRento:

• Licensed & Regulated: Given that InRento is “licensed and regulated by the Bank of Lithuania,” their account closure process will adhere to strict financial regulations. This implies a formal, potentially multi-step process rather than an instant deletion.
• Investment Liquidation: The presence of a “Secondary Market” suggests that investors are expected to liquidate their positions themselves if they wish to exit before project maturity. If the secondary market is illiquid for certain projects, waiting for project completion might be the only viable option for getting your funds back.
• No Explicit “Subscription”: The platform doesn’t operate on a recurring “subscription” model in the way a streaming service would. Instead, it’s an investment account. Therefore, “canceling a subscription” might not be the correct terminology, but rather “closing the investment account.”

Important Note for Muslim Investors: Since Bitofproperty.com InRento operates on an interest-based model, for a Muslim, the immediate priority would be to divest from all existing investments on the platform and cease further engagement. The process of cancellation would be part of rectifying engagement with a non-Sharia-compliant financial instrument.

Bitofproperty.com vs. Conventional Alternatives

While InRento stands out with its specific focus on rental properties and its unique “fixed interest” and capital gains model, other platforms offer different approaches to real estate investment, catering to varied risk appetites and investor preferences.

Bitofproperty.com InRento: The Rental Income Focus

Strengths:

• Specific Niche Rental Income: Directly targets investors looking for passive income from rental properties, which can be appealing for those seeking steady cash flow.
• Fixed Interest Component: The guaranteed “fixed annual interest” on a monthly basis, even if the property is vacant, provides a sense of stability and predictability, which is attractive to conventional investors seeking bond-like returns.
• Capital Gains Potential: Offers a dual return mechanism, combining income with potential capital appreciation.
• Regulated Status: Being licensed by the Bank of Lithuania adds a layer of credibility and investor protection compared to unregulated platforms.
• Low Entry Point: €500 minimum investment makes real estate investing accessible to a broader audience.

Weaknesses from a conventional perspective: Dealaid.org Review

• Limited Control: Investors have no direct control over the properties or their management.
• Liquidity Risk: While a secondary market exists, the liquidity of individual investments can vary. Exiting early isn’t guaranteed to be seamless or without a premium/discount.
• Reliance on Project Owners: Returns are dependent on the project owner’s ability to manage properties and repay. While secured by mortgages, defaults can still lead to lengthy recovery processes.
• Geographic Concentration: Projects seem to be primarily focused in Europe Lithuania, Poland, Italy, which might limit diversification for global investors.

Comparison with Conventional Real Estate Crowdfunding Platforms:

Most conventional real estate crowdfunding platforms can be broadly categorized into two types:

1. Debt-based Crowdfunding:

   • Examples: Many platforms offering “real estate notes” or “loans.”
   • How they work: Investors essentially lend money to developers for projects, receiving fixed interest payments over a set term. The returns are usually consistent unless the borrower defaults.
   • Comparison to InRento: Very similar to InRento in its core interest-based model. InRento’s distinction lies in its specific focus on rental properties and the dual “interest from rent + capital gains” promise. However, the fundamental mechanism of fixed interest is the same.
   • Islamic Perspective: Both are generally impermissible due to riba.

2. Equity-based Crowdfunding:

   • Examples: Platforms like Fundrise USA, RealtyMogul USA, CrowdStreet USA.
   • How they work: Investors buy equity ownership shares in real estate projects e.g., apartment buildings, commercial properties. Returns come from rental income dividends and capital appreciation when the property is sold. Investors share in both profits and losses.
   • Comparison to InRento: These platforms offer a closer resemblance to direct property ownership. While they don’t offer “fixed interest,” their returns are variable, reflecting the true performance of the property. This aligns more closely with Islamic finance principles of shared risk, although due diligence on the underlying assets and any debt financing used at the project level would still be crucial for Sharia compliance.
   • Islamic Perspective: Potentially permissible if the underlying business property management, leasing is permissible and if all financing involved at the project level is Sharia-compliant e.g., no interest-based loans taken by the project entity itself. This often requires deep vetting.

Comparison with Traditional Real Estate Investment:

• Direct Property Ownership:

  • Pros: Full control, potential for significant appreciation, tangible asset.
  • Cons: High capital requirement, significant management effort, illiquidity, concentration risk.
  • Comparison to InRento: InRento offers a fractional, passive way to invest in real estate, significantly lowering the barrier to entry and management burden compared to direct ownership.

• Real Estate Investment Trusts REITs: Moolifood.com Review

  • Pros: Publicly traded, high liquidity, diversification across many properties, professional management, often good dividends.
  • Cons: Subject to stock market volatility, no direct control, potential for debt use by REITs.
  • Comparison to InRento: REITs offer diversification and liquidity that InRento’s individual projects might not. However, for Islamic investors, REITs require careful screening to ensure their underlying assets and financing structures are Sharia-compliant, as many conventional REITs use interest-based debt.

In conclusion, Bitofproperty.com InRento carves out a niche by focusing on rental property income with a fixed-interest component.

While this feature is attractive to conventional investors seeking predictable returns, it is precisely this fixed-interest model that renders it impermissible from an Islamic finance perspective.

When evaluating alternatives, Muslim investors must prioritize platforms that implement genuine profit-and-loss sharing, engage in ethical asset-backed transactions, and avoid all forms of riba.

FAQ

What is Bitofproperty.com?

Bitofproperty.com, which has now transitioned its operations and brand to InRento, is an online investment platform that allows individuals to invest in rental properties primarily located in Europe.

It functions as a crowdfunding platform where investors pool funds to finance real estate projects, earning returns from both rental income and potential capital gains. Covertbastrop.com Review

How does Bitofproperty.com InRento work?

Investors sign up, verify their identity, and fund their accounts. They then invest in specific buy-to-let projects.

Once a project is fully funded, investments are secured by a 1st-rank mortgage, and funds are transferred to the project owner.

Investors receive monthly fixed-interest payments from rental income and potential capital gains at project completion.

Is Bitofproperty.com InRento Sharia-compliant?

No, Bitofproperty.com InRento is not Sharia-compliant. The platform explicitly states that investors earn “monthly interest” and “fixed-interest” from rental income. This fixed, predetermined return on capital is considered riba interest, which is strictly prohibited in Islamic finance.

What is the minimum investment on Bitofproperty.com InRento?

The minimum investment required to participate in projects on Bitofproperty.com InRento is €500. Sneeuwkettingenstore.com Review

What kind of returns can I expect from Bitofproperty.com InRento?

The website advertises an “Average return p.a.” of 12.17%. Individual projects list “Fixed annual interest” ranging from approximately 6.5% to 10.5% and “Capital Gains” of around 1.5% annually.

Are investments on Bitofproperty.com InRento secured?

Yes, the platform states that all investments on Bitofproperty.com InRento are secured by 1st-rank mortgages on the underlying properties.

Is Bitofproperty.com InRento regulated?

Yes, InRento claims to be licensed and regulated by the Bank of Lithuania, positioning itself as the EU’s first and largest licensed buy-to-let crowdfunding platform.

How are capital gains distributed on Bitofproperty.com InRento?

Capital gains, which are potential gains from property appreciation, are typically distributed at the end of the project’s term.

These gains can be fixed or variable, depending on the specific investment terms of the project. App.rex.io Review

What is the “Secondary Market” on Bitofproperty.com InRento?

The Secondary Market is a feature that allows investors to exit their investments early by listing their investment shares for sale to other investors on the platform, providing a potential avenue for liquidity before a project’s full term.

Does Bitofproperty.com InRento protect against inflation?

The platform claims to act as an “antidote for inflation,” stating that income from rent in most projects is adjusted to inflation, aiming to protect investors’ capital from depreciation and potentially achieve higher returns.

What types of properties are available for investment on Bitofproperty.com InRento?

The platform primarily focuses on “buy-to-let” rental properties, which include various residential and commercial real estate projects, often in European cities like Vilnius, Kaunas, and Catania.

How long are the investment terms on Bitofproperty.com InRento?

The maximum terms for projects vary, with examples on the homepage showing terms of 18, 20, 24, and 36 months, and some longer-term projects up to 60 months.

Can I get my money back early from Bitofproperty.com InRento?

Yes, you can potentially exit your investments early by selling them on the platform’s Secondary Market, subject to market demand and liquidity.

How does InRento generate “interest from rent”?

According to the website, interest is generated from rental income, and even if a property is vacant, the project owner is obligated to pay the fixed interest to investors.

This highlights the debt-like nature of the return.

What are some ethical alternatives to Bitofproperty.com InRento for investment?

Ethical alternatives include Sharia-compliant investment funds e.g., Wahed Invest, halal stock market investments, physical gold and silver, Sharia-compliant real estate crowdfunding platforms based on profit-sharing/leasing, and direct business investments Mudarabah/Musharakah.

Why is fixed interest riba forbidden in Islam?

Fixed interest riba is forbidden in Islam because it promotes economic injustice by guaranteeing a return to the lender without shared risk, fosters wealth concentration, and treats money as a commodity that can generate more money without productive effort or genuine trade.

Does Bitofproperty.com InRento charge any fees to investors?

The homepage does not explicitly detail direct fees charged to investors for placing investments.

However, platforms typically generate revenue through a spread on interest rates, origination fees to project owners, or potential fees on the secondary market or withdrawals, which indirectly affect investor returns.

How can I cancel my Bitofproperty.com InRento account?

To cancel your account, you would typically need to liquidate all your investments possibly via the Secondary Market, withdraw all your funds, and then contact their customer support via scheduled call or email to formally request account closure, undergoing any required verification processes.

Where can I find more statistics about Bitofproperty.com InRento’s performance?

The website has a “More statistics” section and an “Explore our track-record” link, usually leading to a dedicated statistics page showing funded amounts, average returns, and realized projects.

Who is InRento, and what is its relationship with Bitofproperty.com?

InRento is the current operating name and brand for the platform that was previously known as Bitofproperty.com.

The website indicates that InRento has acquired BitOfProperty, becoming a larger, consolidated entity in the EU crowdfunding space.