$1,000 in, a share of the rent out. Here’s every step in between.

We look at developments across the island and reject the overwhelming majority of them. A unit has to clear four hurdles before we will underwrite it: the location has to have proven rental demand rather than projected demand, the price has to sit meaningfully below completed comparable stock, the developer has to have finished buildings we can stand in, and there has to be a realistic buyer for the unit at exit.

We visit every site. We meet every developer. We pull the title history and confirm the development is approved for foreign investment before we spend another hour on it.

Before a round opens, the developer reserves the unit for us at a fixed price. We then publish the raise amount, the number of participations, the projections and the assumptions behind them. Participations are $1,000 each plus the acquisition fee, you pay in full when you sign, and you can buy as many as you like, subject to a concentration cap so no single investor dominates a vote.

If the round fills early, it closes early. Our last two did. If the window expires without filling, the round is cancelled and you get your investment back in full; the acquisition fee is not refunded. We will not buy a property with a partially funded round.

When the round closes, we sign the purchase agreement with the developer and the unit is registered in our name. You do not receive a title deed and you do not become a shareholder in any company. What you hold is a participation agreement with us: a written, contractual right to your proportional part of that unit's rental income and sale proceeds.

Each participation is tied to one specific unit. What another property earns or costs has no bearing on yours. The unit is bought with investor capital only, with no bank loan ahead of you, and your percentage is fixed: it cannot be diluted, and you will never be asked to pay in more.

We pay the developer in the instalments set out in the purchase agreement. Every quarter you receive a construction report: dated photographs, progress against schedule, every payment made, and any change to the handover date.

Off-plan construction slips sometimes, and a unit can be delivered late or not at all. That risk exists in every off-plan purchase and no contract removes it. When a timeline slips, you will hear it from us in the quarterly report rather than working it out from the silence.

Units are delivered furnished and rental-ready. A local operator handles bookings, guests, cleaning and maintenance — you do nothing. Rates are set in dollars and driven by the tourist season.

Net rental income, after operating costs and fees, is distributed in proportion to participations held: twice a year, or every quarter if you have invested $10,000 or more. Each payment carries a 2% processing fee. Every distribution comes with a statement showing gross income, every cost deducted, and what landed in your account.

Twelve months after the unit is handed over, investors vote on whether to sell it or keep it let, weighted by participations held. The majority decides. If they vote to keep it, the question comes back at a later vote. Our projections assume a five-year hold.

If the sale goes ahead, proceeds are distributed proportionally after costs and the exit fee. We are building a secondary marketplace so investors can transfer participations to each other before an exit. It does not exist yet, and we are not going to promise you a date.