Frequently Asked Questions

icon picker
Minimum Requirements

Property Owners
To get approved to list one’s property on Vessel, the homeowner must provide and pay for the costs of obtaining the following:
Initial home appraisal
Property title search
Homeowner(s)’ credit report and background check
Proof of identity, including government IDs
Statements showing existing mortgage balance(s) and insurance coverage

While we won’t work with candidates with histories of criminal activity, bankruptcies, foreclosures, and we won’t support properties that we deem to have a sufficiently high outstanding mortgage, we are willing to present homeowners’ unique situations to investors, such that investors can evaluate the risk and reward for themselves when making investment decisions.
We are not requiring investors to be accredited. The reason is that we believe these investments will not legally be classified as securities, and thus would not be subject to that body of law’s requirements. Our reasoning is that securities law applies when investment is made into an enterprise whose success depends on the effort of others. We have designed an investment contract that, when executed correctly, does not depend on the effort of others. Or, for that matter, on the efforts of anyone. Property income is not allocated to investors and investors’ would-be gain or loss from owner-caused improvements or damages are entirely offset.
Want to print your doc?
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
) instead.