AgentBrokerage

BoostUp helps real estate brokerages, agents and lenders crowdfund their way into first-time homebuyers’ hearts

Startup helps real estate firms and agents partner with consumers on saving for a home down payment
  • BoostUp is a savings platform that allows homebuyers to crowdsource their down payment from friends and family and stack additional money from real estate brokerages, agents and lenders in the form of rebates.
  • Agents pay $199 for each deal they close. Brokers pay the same fee, while lenders pay a lead fee.
  • It's free for consumers, who state a savings goal and get a dashboard that shows their progress.

Southern California real estate agent Yvette Thomas is offering a $750 rebate to homebuyers who work with her. The offer comes through crowdfunding startup BoostUp, a savings platform that allows homebuyers to crowdsource their down payment from friends and family and stack additional money from real estate brokerages, agents and lenders in the form of rebates. As an agent, she'll pay $199 for each deal she closes. Brokers pay the same fee, while lenders pay a lead fee. Lenders can work alone or hitch a ride on to a broker or agent's BoostUp account. The platform is similar in concept to popular crowdsourcing platforms Kickstarter and Indiegogo. It's free for consumers, who state a savings goal and get a dashboard that shows their progress. Facebook ad Yvette Thomas is running to market her BoostUp page. Thomas, who joined the service two weeks ago, has a branded BoostUp page that she can market widely. She doesn't have any homebuyers in the system yet but...