BulkEstate features only real-estate projects. Interest rates typically vary from 14% to 17% (recent projects were more speculative than early ones); interests are usually repaid in full at the end of the loan, at the same time as the capital.
My opinion on BulkEstate
BulkEstate’s pros & cons
- Great returns
- Limited amount of projects
- Very few loans offer monthly interests repayments
Overview of BulkEstate’s loans
Interest rates are usually between 11% and 15% for a duration of one year or less. Several projects offer a bonus to investors who invest a large amount (for example 2% for an amount larger than € 25,000 and 1% for an amount larger than € 10,000).
All financed projects are located in Latvia, most of them in Riga.
One important point is that both principal and accrued interests are repaid at the loan repayment date; there’s no monthly interest repayment for most of them – although several loans with monthly repayments were introduced in late 2019 -.
The minimum investment is 50€, which is higher than for personal loans but rather common in real-estate financing.
There are usually 2 or 3 new investment opportunities each month, with a large amount to invest in.
BulkEstate‘s loans aren’t covered by a buyback guarantee.
As of December 2019, there’s been no default or repayment delay; moreover, around 40 loans were fully reimbursed already.
There’s currently no secondary market. BulkEstate is supposedly working on it, but didn’t provide any timeline.
Manual investing at BulkEstate
The website provides a basic description provided for each project; compared to CrowdEstate, BulkEstate could provide further details. The SWOT (Strengths/Weaknesses/Threat/Opportunities) matrix, repayment schedule, company rating and risk profile comparison found at CrowdEstate would be welcome additions !
Opportunity to use auto-invest was added in April 2018. It’s really easy to configure it; the required inputs are maximum investment amount, minimum return and maximum term. Note that thanks to the small number of available projects, it’s still very easy to invest manually; however, using auto-invest may be useful in order to be sure you’ll get a share of high-yielding projects.
Website’s ease of use
BulkEstate’s registration process
Opening an EstateGuru account is rather quick, in spite of the additional KYC (know your customer) checks.
Investors first need to provide basic information about themselves. The second step is to take a picture of themselves using a webcam, as well as one of some identification. Checking the documents is supposed to take as long as two days, but in my case my account was ready after a few minutes.
Account funding and funds withdrawal
Initially, investors didn’t have the opportunity to fund their BulkEstate account; money had to be wired at time of investment. This could cause troubles if the transfer took too long, and was overall bothersome. Fortunately, an upgrade introduced the opportunity to send funds ahead of time, like most competitors allow.
However, one slightly annoying aspect remains. Before transferring money, it’s mandatory to generate an invoice on BulkEstate’s website, by inputting the transferred amount ahead of time. This is slightly inconvenient, and apart from Crowdestor, no other platform requires it.
Website’s design and ergonomics
I was initially not very satisfied with the usability of BulkEstate‘s website. However, things have improved and it’s much more pleasant to use now.
Available languages & translations quality
The quality of the website’s English translations has greatly improved; although they’re still not perfect, they’re good enough to be pleasant to read.
The investments list is rather basic, providing very little details; however, it has improved as BulkEstate added new features. For example, it’s now possible to view the payment schedule, although it actually has to be downloaded as a PDF file.
I also recently discovered that the dashboard got a nice upgrade in term of reporting. Indeed, there’s now a chart displaying the repayment schedule, roughly similar to the one provided by CrowdEstate. It’s a very handy feature, which allows to visualize future cash-flows effortlessly.
While the How investing works document isn’t detailed enough, the very extensive FAQ provides many details regarding the investing process; most investors are likely to find answers to their questions there.
There’s no live chat available. I got in touch with BulkEstate by e-mail regarding account statements for tax purposes. They answered quickly and were very helpful : in a few hours, I received the statement by e-mail.
Communication from the platform
BulkEstate won’t clutter your inbox with countless emails ! Indeed, you will only receive notification when a new investment is made through the auto-invest feature, when a project is fully funded, and in order to announce new projects.
Actual performance of my BulkEstate portfolio
At the end of January 2020, the XIRR for my BulkEstate portfolio was 7,42%.
Because interests for BulkEstate's loans only get reimbursed at the loan's repayment date, I only received them for my very early projects. As a consequence, my XIRR is currently rather low.
Don't hesitate to read my most recent crowdlending portfolio review for detailed platforms performance comparison as well as historical performance.
Portfolio creation date
I created my BulkEstate portfolio in September 2017.
BulkEstate's main competitors
For a detailed comparison of the different real-estate and business crowdlending platforms, check out this article.
BulkEstate's facts & figures
As of August 2019
Who can invest at BulkEstate
Any company or any person over the age of 18 can invest in any of the active investment opportunities on the BulkEstate platform.
Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.