Crowdsource and REITs

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Crowdsource and REITs

Rousner E.
Investor · Millington, TN · Member since 2016 · 45 posts · 40 votes
What are your experiences and thoughts on crowdfunding investing for real estate, for example Fundrise, Realty-shares and fund that flip?
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  • Ian IppolitoBusiness Member
    Investor · Tampa, FL · Member since 2015 · 1k+ posts · 1k+ votes
    8y

    Since you mentioned fund that flip, I’m going to assume you’re an accredited investor. If so, then Fundrise is all non-accredited offerings, so there are a lot higher fees than you can find in alternative accredited investments.

    Fund that Flip is one of the top hard money loan sites and has a very good uncured  default rate. On the minus side it doesn’t have a lot of volume. 

    Realty Shares  has a good amount of volume and investments to choose from, including commercial real estate, equity and debt.  There have been some complaints  from investors on the administration side  alleging: improper reporting of tax information, lack of updates on problem investments and  other customer service issues.  

    The Real Estate Crowdfunding Review
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  • Rousner E.
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    Investor · Millington, TN · Member since 2016 · 45 posts · 40 votes
    8y
    So my question is do any of them allow you to see the actual properties you will be investing in? Also wouldn’t it be illegal for a company to report improper tax information?
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