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Landa promised real estate investing for $5. Now it’s gone dark.
The idea of becoming a real estate investor for as little as $5 may seem too good to be true. And for many users of Landa, a proptech company that The idea of becoming a real estate investor for as little as $5 may seem too good to be true.And for many users of Landa, a proptech company that promised just that – it has been.
Viola Credit and L Finance filed a lawsuit in New York State Supreme Court against Landa in November 2024, accusing it of “numerous defaults” on more than $35 million worth of loans they extended to the company. After further negotiations failed, the creditors later asked the court for, and were granted, an injunction blocking Landa from accessing bank accounts, interfering with their attempts to restructure the business, and reclaiming money they say is owed — including proceeds from property sales. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
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