BrickOp offers a new way of investing in real estate. It’s designed for first-time and experienced real estate investors who want to enter the real estate market without having to learn the complexities of it. Whether a real estate newbie or a seasoned investor, our mission is to minimize the headaches and time required to research, identify, purchase, and maintain rental property. It also gives individual investors the option of paying the down payment on their mortgage over the course of up to 30 months.
We purchase and construct entire buildings then sell the condominium units to individuals like you at a significantly discounted rate compared to one-off condo listings on the market. Our innovative investment model allows us to offer buyers heavily discounted rates and more flexible terms because we’ve already saved money on our end by purchasing and constructing the entire building. This proactive strategy means we can pass our savings onto you and help you maximize your cash flow. Think of it like buying in bulk at the grocery store.
In addition to the discounted rates on individual condos, you’ll also pay less to manage your property through BrickOp than you would with your own property management agency. We partner with local, highly-vetted property management agencies and negotiate bulk discounts on their services.
When you’re ready to sell your property, BrickOp can help with that too. We advise you on the best time to sell and assist with finding a new buyer so you can maximize your gains.
To put it simply, BrickOp is with you every step of the way, helping you earn income while also reducing your time sourcing and managing investment properties.
BrickOp was founded in Chile in 2013 and has since grown to become the largest seller of condominiums in Chile. In just five short years, BrickOp and its sister company, Capitalizarme, have sold nearly 5,000 units in Chile and Peru to more than 3,500 individual investors. The total value of the condos reaches more than $500 million USD. The company employs nearly 200 people in Latin America.
In 2019, we launched our expansion efforts to the United States with the goal of introducing Colorado residents to the possibility of owning – and profiting from – local real estate. But rest assured hungry investor, Colorado is just the beginning. Look for us in a city near you soon!
We make it easy for you to invest with little upfront cash.
Take up to 30 months to pay your 20% down payment. Yes, you read that right. Just 5% down locks in your selling price at the current market rate. With BrickOp, you have up to 30 months to pay the down payment on your mortgage. This allows you to take immediate ownership of your property as well as any market growth and future property value increases.
Once you pay the down payment in full, the property deed will be transferred to your name. Other investment companies only give you a share of the property, in which you only own an interest in the property, but BrickOp allows you to truly own the real estate yourself.
You benefit from our vetted property management partners:
BrickOp gives you easy access to some of the biggest and best property management partners in the area. Let our highly-vetted experts find tenants for your property, collect rent payments, manage maintenance requests, evict tenants if necessary, and distribute your monthly cash flow to the appropriate bank accounts.
You get a bulk discount on units:
Because BrickOp purchases and builds entire buildings, you reap the rewards of purchasing from a company that received a bulk discount rate on all units and, therefore, can purchase your unit at sub-market prices.
We run on expert market research and sourcing:
Don’t bother spending your time finding the perfect unit because we’ve already found it for you. Our real estate and sales experts work constantly to identify the best growth opportunities in the local market. They source units in the area then offer them to you at a sub-market price point.
We provide key market analysis and status updates:
We base decisions on numbers and facts here. BrickOp’s team of real estate investment professionals has conducted an analysis for each property we list for sale. Owners receive frequent updates on how your property is performing and insights surrounding the prime time to sell your property.
We help sell your property when you’re ready:
When the time comes for you to cash in on your investment, BrickOp can help you get a third-party appraisal of your property’s present-day value. We’ll also list the property and find potential buyers, making selling your property a headache-free transaction.
There are two main ways to generate recurring income from your investment with BrickOp:
- Property appreciation through a growing real estate market and the monthly cash flow you receive from your tenants.
- The extra remaining cash after all your monthly expenses (mortgage, taxes, maintenance) are paid.
Reserving your condo unit requires a 5% non-refundable security deposit at the time of signing. Then you’ll begin making monthly payments to BrickOp over the course of up to 30 months until you reach a 20% down payment on the property. At this point, you can take out a mortgage at the original market price when you initially signed your contract.
BrickOp is designed for investors who wish to purchase condo units for investment purposes, not for living purposes. Although we strongly discourage you from living in your unit, you are the owner of your property and we would never tell you what to do with your investment.
Absolutely! We’ve had many successful investors that have purchased multiple units in the same building. We also have investors who purchase multiple units across multiple buildings maintained by BrickOp.
Yes, but it is not necessary. BrickOp has conducted thorough market research on every property before it’s even listed so that interested buyers are considering sound investments only. If you still want to view a unit, there’s plenty of BrickOp representatives who’d be happy to set up a walk-through. Just call us set up a meeting with us first.
Each project has its unique clauses and agreements among investors. Ideally, all investors remain united in the BrickOp management model in order to have greater incentives and benefits to all our investors. We strongly suggest using our management companies for better operational results.
BrickOp’s vetted mortgage lenders specialize in the specific mortgages required for investment properties, but it won’t hurt our feelings (too much) if you decide to enlist the help of your own professional. Still, it’s very important that you speak with a mortgage lender before purchasing a property through BrickOp to ensure you’re pre-qualified.
HOA dues cover the cost of the general maintenance of the common areas. Anything inside of the unit is an expense of the owner/investor, but our property management company is more than happy to arrange for those repairs.
BrickOp sends a detailed monthly report to all investors that outlines the general state of the building, along with an income statement for your own unit.
Our persuasive real estate pros have negotiated the property management fee down to a deeply discounted rate of 4% of the monthly rental cost of your unit.
The management of your property by BrickOp includes:
- Collecting monthly rent payments from your tenant, distributing that money to cover your ownership taxes, insurance, mortgage, and depositing the remaining cash flow into the bank account of your choice.
- Coordinating marketing and advertising related to any upcoming tenant vacancies for your unit. The owner is responsible for any advertising costs, when applicable.
- Selecting a qualified tenant for your unit.
- Evicting the tenant, if necessary.
- Compiling monthly reports on the state of the building and your specific unit.
- Handling any and all maintenance requests from your tenant.
- Contracting any cleaning services to ensure the property is in proper condition for a new tenant once the previous tenant vacates. If applicable, any cleaning costs are paid for by the owner of the property. The owner can decide to use the damage deposit from the previous tenant to cover these costs.
- Periodic review and analysis of building operations to maximize revenue and minimize expenses.
- Contracting and paying for any major repairs and general maintenance.
BrickOp and our experienced property management partners will work hard to keep a tenant in your property at all times. It’s what we do. That said, it’s not possible to guarantee your property will always be occupied.
BrickOp’s financial projections and calculations proactively account for each unit to be unoccupied for two weeks each year for necessary maintenance and cleaning on the unit.
Yes, you can, but we strongly recommend allowing BrickOp’s vetted property management partners to help with tenant selection. Our selection process was built to identify quality, low-risk tenants using measures such as a criminal background check and a credit report.
We wish we could guarantee this 100%, but alas, we cannot. That said, we do everything in our power to ensure you’re getting the maximum return on the appreciation of your property as well as the maximum monthly cash flow from your tenant rent payments. This is why we analyze all our projects with key market information and list it on our website at all times.
Our monthly cash flow analysis shows that your monthly rental income will cover the monthly mortgage, insurance, taxes, and property management fees as long as you maintain an occupation rate of at least 90% and have paid at least a 20% down payment on your property.
BrickOp and our vetted property management partners handle the monthly collection of rent payments, as well as the payments of the HOA dues, property management fee, maintenance repairs (if any), and insurance (if purchased through the management company).
We’ll deposit the remaining balance directly to your investor/owner bank account. You’ll never lift a finger.
You can sell your property at any time. As the investor, you own your unit, which means you’ll always have the option to liquidate and sell your property.
Of course, we have data to help you with this decsion. BrickOp has done some number-crunching on the back end to provide you with a recommended minimum investment period before selling to potential investors (available on our website). We encourage you to review the recommended minimum investment period for each project.
You’ll determine the price of your unit(s) as the owner. We suggest grabbing a third-party appraisal or opinion of value before listing your property.
Please note that BrickOp will typically make an offer to buy the property back from you, but you can also choose to sell on the open market.
Yes. BrickOp will likely make an offer to buy the property back from you because we’ll want to find another investor to purchase your unit. BrickOp reserves the right to find an investor in the BrickOp network within the first three months that the unit is for sale. If BrickOp cannot find a buyer within three months, the owner may sell the unit available on the public real estate market through traditional real estate listings. Even then, owners have the option to either continuing using BrickOp as your real estate broker or selecting a broker on your own.
We’ll take a small fee for our time, but we keep commission rates super low to ensure a quick exit on your investment if needed.
- 0% to the seller’s agent (BrickOp)
- 2.8% to the buyer’s agent (BrickOp or other)
BrickOp reserves the right to find an investor in the BrickOp network within the first three months that the unit is for sale. If it does not sell within three months to a BrickOp investor, BrickOp will make the unit available on the public real estate market through traditional real estate listings. Owners will have the option to either continuing using BrickOp as your real estate broker or selecting a broker on your own.
The pioneering BrickOp investment model reduces many of the traditional risks of real estate investing naturally. This means the risks associated with property management, finding tenants, collecting payment, and identifying a lucrative investment are greatly minimized.
Still, the normal risks associated with any investment opportunity remain possible, such as lack of liquidity and potential market downturns.
Investing in Condos is the ultimate opportunity for rental property income
Ready to get started? Chek this opportunity in Colorado
Pecos Flats Condos1513 West 70th Avenue, Denver, Colorado
BrickOp is now offering a prime 10-unit mixed-use property.
Great, northwest Denver location with easy access to Boulder Turnpike/US 36 and Downtown Denver.
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