I am looking at Neighborly. It lets you buy bonds (usually Real Estate) for government projects. So you can have a bond for a local airport project, or other City / State infrastructure project.
Has anyone used it or has opinions on this?
I recently signed up with them (the onboarding questions kinda felt like a TSA pat-down -- it was ... extensive). After going through all that, there were no open investments, and no indication of when there might be. The best I could find was this from the FAQ:
"In 2017, we are expecting to launch new investment opportunities in communities including Cambridge, MA and the five winners of the Neighborly Bonds Challenge – Austin, TX; Somerville, MA; Burlington, VT; Housing Trust of Silicon Valley and Lawrence, KS."
Their "Sample Investment" showed a best-case scenario (among multiple maturity dates) of a 5% coupon rate and a 3.4% YTM.