Housefolios Inc. (“Housefolios”) provides the use of this website and the service available through this website, including the software services made available through subscriptions offered through this website (collectively, the “Service”), for informational purposes only, and you should not construe the information or other material provided through the Service (collectively, “Content”) as legal, tax, investment, financial, or other advice. Housefolios is not registered as an investment adviser with the Securities and Exchange Commission or any other governmental or regulatory authority and does not intend to register as an investment adviser. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of Content on the Service before making any investment decisions based on the Content. In exchange for using the Service, you agree not to hold Housefolios or its affiliates liable for any possible claim for damages arising from or relating to any decision you make based on the Content made available to you through the Service. There are risks associated with investing in real estate. Loss of principal is possible, and investments are likely to be highly illiquid. Past investment performance is not a guarantee or predictor of future investment performance.