Godfrey Dinh, the visionary CEO and founder behind the innovative property fintech platform Futurerent, has set his sights on a bold mission: to reshape the landscape of real estate transactions for both Americans and Australians.
In 2019, leveraging his experience as a former vice president of Deutsche Bank and his entrepreneurial spirit, Mr. Dinh established Futurerent in Sydney. The platform prides itself on offering a “simpler way to cash out and access the money you need to grow your wealth,” enabling property owners to “unlock up to $100,000 of your rental income in advance.”
Futurerent operates by inviting Australian investors to enter into a concurrent lease arrangement. Investors receive upfront funding equivalent to up to two years of rental income, with Futurerent collecting tenants’ monthly rental payments in return.
Expanding his vision, Mr. Dinh has recently launched a new venture, Downpayments, in Florida. Downpayments seeks to revolutionize property transactions in the American market by providing financing for down payments and allowing buyers to break down their commitments into affordable, interest-free, or low-rate payments.
In Florida, Downpayments offers investors a 10% deposit interest-free, and a 20% deposit at a competitive interest rate of 7% per annum. The loan is secured by a second mortgage on existing properties, serving as collateral.
Mr. Dinh positioned Downpayments as a viable alternative to cash-out refinancing, especially in the face of soaring mortgage rates.
“With mortgage rates nearing 8%, cash-out refinancing has become increasingly challenging for investors to manage while preserving their existing low fixed rates,”Godfrey Dinh, CEO of Futurerent
Downpayments generates revenue through partnerships with in-house buyer’s agencies and brokerage services, receiving commissions similar to the Buy Now Pay Later (BNPL) industry, where merchants cover the cost of finance for buyers.
Futurerent sees its expansion into Florida as the culmination of dedicated efforts from both sides of the Pacific. Building on their success in providing Australians with the capital necessary to seize control of their financial future through real estate, the company is now empowering individuals in significant financial transactions. By making the world’s largest asset class more accessible, Futurerent remains committed to revolutionizing the real estate industry and facilitating financial empowerment for all.