All Forum Posts by: Evan Kilbourne

@Omar J.That's what this crowdfunding site in particular was claiming. They said that their underwriting process was very diligent which supposedly lowers risk for investors.

Once I become an accredited investor (one day!) I'll likely be using the site to invest.

@Account Closed Are you familiar with their underwriting process at all? Have you used parch of land before?

Hi All,

I just got back from a REIC meeting and the main presenter was talking about crowdfunding and it's use for investors and RE deals. Has any one used crowdfunding sites before like? What successes/pitfalls have they had? Are they easy to use as a project sponsor? What kind of experiences have you had with them?

I found the presentation to be excellent so I'm interested to hear any experiences.

-Evan

I'd like to here some more from this as well. I'm in the process of obtaining my Salesperson license and would like to start in wholesaling as a way to get my feet wet in the business. Does anyone have hands on experience as a salesperson and a wholesaler in CA?

I'm interested in hearing some replies for this, I'm in the process of getting my RE salesperson license as well.

I'll take a stab at this.

1. No, pulling money out of your home would not affect the home's value. It's the equity that you've built up in the house. Other factors (deterioration, market demand, neighborhood, etc.) more closely determine the value of the property.

2. Since you've taken a good chunk of cash out of the home, you could put it elsewhere (i.e. mutual funds) and get a decent return on it. You already have a negative ROI on putting money in your home between the depreciation in value and the interest costs to finance the property.

Hope this helps.

-Evan

I definitely will, I've already started looking into the books this website has to offer. Already started listening to the podcast as well.

Hi All,

I'm new to the real estate game and investing. I'm currently a full time CPA, and deal with real estate on a moderate basis in my line of work. Looking to branch out for some part-time mentorship/evening and weekend work to gain more knowledge of RE investing and eventually get into the game myself. I am currently working towards my RE salesperson license and should have it within a couple of months.

Any suggestions on where to go in the South OC area for networking/knowledge transfer that isn't a sales seminar would be helpful. Cheers!

-Evan