Profitus Review – A Personal Experience
Recent news:
Autoinvest is now available, which is unusual for real estate loans.
Profitus provides loans in real estate in the three Baltic countries, with the majority in Lithuania. I have been investing since June 2023, and everything has been running smoothly.
Table of contents
Security
- License: Yes. ESMA (Regulation on European Crowdfunding)
- Founded: 2018
- Trustpilot score: 3.7 (July 2024)
- Buyback guarantee: No. But the loans are secured by first or second mortgage on the property
- Diversity: Many different loan providers. But only real estate an three different countries
- Late loans: reviews on Trustpilot complain about late loans
- Defaulted loans: I haven’t experienced any
- Withdrawal: fast
- Deposit: fast
Loans
- Interest: 7-13%
- Loan types: Real estate
- Loan term: 12 months and sometimes less
- Available loans: Plenty
- Minimum invest: 100€
- Secondary market: No.
- Autoinvest: Yes
Tax
- Home country: Lithurnia
- 15% tax is withhold by Profitus
- When you declare taxes in your country of tax residence, you can usually reduce the total tax payable by the withheld amount, so you only pay your country’s normal tax rate
My advise
- I recommend diversifying your investments by including real estate. Profitus seems to be a good choice. Personally, I don’t invest too much in long-term loans, especially when there is no possibility of an early exit
Verdict
Pros
- ESMA license
- Real estate ia a good supplement to your diversification
- Autoinvest, which is outstanding for investing in real estate
Cons
- No secondary market
- Limited diversity
Bonus offered by Profitus
- We both get 25€ when you invest within 90 days
- Get your bonus here
Read more: