Real Estate Crowdfunding, Change Your Community!
The average person only knows about crowd sourcing from a website called Kickstarter. This is a website where anyone can have an idea for a product or business, and others can donate to get the idea started. For this they often receive a share in the company or one of the first products, fresh off the line.
Little does the average person realize, that crowd sourcing has been going on in the real estate market since around 2012. The majority of funds that has been raised was money for single commercial ventures in the 850,000.00 range.
The laws are still developing and the proposals are more regulated than on the average crowd funding website. Right now investors can only attempt to raise 1 million, but it is already being petitioned in the courts for a higher limit so that they can crowd source larger deals.
Right now a beautiful result is that communities have been able to call attention to, and repair deficiencies in their hometowns by crowd sourcing solutions to problems like fresh food in poverty areas. Planting farmers markets in lower-income neighborhoods and free/healthy alternative lunch programs for school children.
The real estate market has always been a popular investment, and this makes it more accessible for the average person to become an investor and to be involved in their own community development as well as profitable deals from all over the country.
Although there is a plethora of sites to choose from, the most popular may be Realtymogul.com who has returned over 20 Million back to its investors on various projects that were crown sourced! For more information about all the ways you can invest in your future with real estate, contact us!