All Forum Posts by: AdaPia DErrico

@Michael Pham I work for a crowdfunding company, Patch of Land, so my interest is pretty high and we are raging along at breakneck speed. Crowdfunding real estate has the ability to open this market up to more investors, which will lead to developers and RE professionals being able to complete more projects. I believe it will ultimately lead to more wealth for those investing, and economic growth for those involved on the ground floor. I also believe very strongly that it will be a source for the overall improvement of communities in America. It's the democratization of real estate investing and an opportunity that cannot be ignored. What do you think?

@Dante Nava Depending on what you are trying to raise money for, and your experience and financial security, you may be better off speaking to a real estate crowdfunding platform that may be able to help you syndicate your deal to its investors. I work for one, www.patchofland.com, so please take a look and see what it is all about. I think you'll find it very interesting.

@Geoff Woods Hi Geoff, thanks for saying hi. Patch of Land is a real estate crowdfunding platform and we offer accredited investors access to pre-vetted securitized debt deals - currently working with single family and multi family rehabs. Thanks to the JOBS Act, investors can now enter these deals with much lower minimums than ever (we start at $5000). We also pre-fund the deals, so that developers can start work right away, and investors begin to accrue interest within days of their funds being received by Patch of Land. DM me if you want to know more or speak on the phone. Where is Ladera Ranch? Best!

@Karen Margrave yes that makes sense, thanks for the clarification. I'll go check out the marketplace and see what I can do to drum up a discussion around Patch of Land. Meanwhile, I'm happy to continue participating in the discussions in the rest of the forum site.

@Dmitriy Fomichenko Thank you! And yes, this is a great place to meet so many people. It's quite the learning curve. Do you allow crowdfunded investments into your SDIRA plans? It's something we are working on now, to automate with certain financial services companies where investors can buy the debt instruments and put them in their SDIRA.

@Karen Margrave thanks Karen. I have followed the topics through the keyword tool for crowdfunding and indeed, some really interesting information and discussions going on. What is the best strategy also for posting to the HML about looking for deals? I know it is a very active forum over there! Any advice would be appreciated. Thanks!

Welcome to the forum Michael. What interests you about crowdfunding? I work at Patch of Land, www.patchofland.com, so I'm right in it. Let me know if I can help you with anything.

@Vanessa Blais How great that you've been into crowdfunding before the Jobs Act! I raised on Kickstarter and mentored someone who raised on Indiegogo so I've also been in the arena for a little bit :)

I'd love to help you with getting some info for your blog. What's the URL?

@Chad Bernstein Thanks Chad. The REIT comparison is spot on. Much of that will depend heavily on the lifting of restrictions for the "real" crowd, aka the 115 million US households of non accredited investors, which should take effect in Q3/2014.

I also compare it to mutual funds and discount brokerage for stocks, which became open to a wider array of investors, allowing all that capital to flow into the markets. So we are looking at a potentially huge change in the way real estate can be invested into, both from the equity side as well as hard money lending.

Happy to provide info whenever I can!

@J. Martin thank you for the info about the REI clubs; I'm going to hit some of those up, as well as FIBI clubs locally. As to the JOBS Act and Title III, which is what I assume you are referring to, there need to be some changes that actually make it viable to small companies looking for small raises, to participate without being bogged down in legal fees. If and when that happens, there will be a major impact as 115 million households in the US that are currently unaccredited, will have access to this deal flow. Exciting times!

@Jay Hinrichs no way! What a small world. I bought a corner unit at the first Wildwood village development in the lower mission in 2004. Been waiting for the market to turn around so I can sell it. My sister lives there and has some properties in Kelowna and Vernon and has done well. Do you visit often?