Feedback? Cautionary stories?
Ereit?
Thanks
Ereit?
Thanks
I’ve been investing in crowdfunding real estate for a couple years now. I just happened to be at a real estate investor meeting when one of the founders of Patch of Land gave a talk. It sounded great – low minimums, they would vet & manage the transaction, and it would totally be passive for me. Almost too good to be true. Anyways, I gave it a shot with the minimum $5k and when the monthly interest started rolling in the very next month, I went back for more. In total I’ve invested over $150k in it at this point with no loss of capital yet.
To be honest though, I don’t know if the success just has to do with the state of the real estate market overall. Everyone looks like a genius right now. The true strength of the companies’ vetting process and analysis will be seen when you see a correction (which most people will say is due). I’ve personally invested in Patch of Land, RealtyShares, RealCrowd, Fundrise, iFunding. I’ve also heard good things about EquityMultiple & Peerstreet. I’m also overdue for a post on this. In my opinion it’s a great way to dip your feet into real estate investing. Stick to one of the more established ones like mentioned above. Reach out anytime, good luck!
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