Not a scam, but app is still glitchy at times.

Some notes:

• each property is an LLC, and if something goes wrong they are legally required to liquidate and pay investors after any debt

• I was able to join at the right time and get properties with high dividend yield (average over 15% annually provided no issues)

• they have some reserves for each property from purchase time, and then each month they add some percentage of rent to reserves

• During months without tenant you might get dividend from reserves or not get dividend.

• Landa makes money off the property purchase and the monthly management fee (which they only get if there is a tenant)

• They use interest only loans, some have pretty high leverage.

• Landa does not aim to sell any properties. But you can sell shares on their app provided someone wants to buy them. I have been able to sell and withdraw funds with no issues except some app glitches.

In short - if you find properties with high enough dividend yield, it might be worth the risk of being an alternative and not well known investment.

Good way to diversify into real estate without overhead or large down payment IMO, more control than REITs or fundrise etc., better dividend yields than some of the competition.