Frequently asked questions
How does Flipe.io work?
We handpick luxury properties in Southeast Asiafrom trustworthy developers. Make the down payments (your investments) on the most attractive units from these developers. We then resell them with a significant profit margin and split the profit with you, our investors . And that’s one “Flip” done!
How is the investment structured?
Every investor on Flipe.io will go into a Business Cooperation Contract with Whitemark.io who is the principal of the investment.
Who is the principal of the investment?
Whitemark.io will be the principal of the investment.
Which jurisdiction is Flipe.io operating in?
We are licensed by Vietnamese authorities, and we’re working on obtaining an EU license right now.
Who is eligible to invest? (Citizenships, Geolocation and age limitations)
If you’re a Non-US citizen living in Southeast Asia, and are at least 18 years old, you’re eligible to invest with us.
What currencies do you accept for investment?
We currently accept Vietnamese Dong (VND), Euro (EUR), and the Singapore Dollar (SGD)
What are the risks associated with the investment? (Eg; If the developer goes bankrupt.)
All investments are subject to risks and real-estate is not an exception. We recommend you to do your research like you would with any other investment. Flipe will provide you with all the information required for you to make your own decision.
Do the investors own the property that they invest in?
No, they don’t, as they’re in a Business Cooperation Contact with Whitemark.io. The properties will be sold before their completion.
What if I need to withdraw the money before the lockup period ends?
Generally you can’t withdraw your money until the duration of your investment. However, we’ll treat any requests due to extenuating circumstances on a case-by-case basis. Also this withdrawal would mean that you don’t earn any interest on this flip.
What payment methods do you accept?
Depending on the Payment Provider/s.
What are the additional benefits?
You’ll get an additional1% return if you invest USD 10k or more. You’ll get another 1% when you invite 3 or more of your friends to invest on Flipe. Also, since you’re a cool early bird, we’ll throw in another 1% because you’re awesome. These additional benefits are capped at 3%. You can still make another 1% on your next investment if it is over 10,000 USD.
What currency is used for the deals in Vietnam?
For all deals in Vietnam, we use the local currency, the Vietnamese Dong (VND).
Are there currency exchange risks?
No, the returns on your investment are calculated based on the exchange rates on the day you make the investment on Flipe
Do you have more benefits for more investment amount?
We love that you want to invest more! However, We don’t have any special benefits other than the 1% extra return when you invest 10,000 USD or more.
What is the minimum and maximum amount I can invest?
The minimum you can invest is 100 USD or equivalent. There is no maximum. You can invest as much as you like.