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Started By
Message
RealtyShares: The real estate version of lending club basically
Posted on 1/15/16 at 11:20 am
Posted on 1/15/16 at 11:20 am
3
Posted on 1/15/16 at 11:25 am to stout
Don't feel like making an account right now. How does it compare to FundRise? Fundrise basically required you to have $5,000 (IIRC) as a minimum investment and prove that you had ~$500k in net worth to invest in most projects.
Not sure if those numbers are correct.
Not sure if those numbers are correct.
Posted on 1/15/16 at 12:27 pm to yellowhammer2098
You have to have a high income or high asset value in order to invest on those sites.
I can't remember the exact number but I believe over 1 mill in assets or make over 250k annually for the past few years.
It's what they call "accredited investors"
I'm not sure how the lending part works.
I can't remember the exact number but I believe over 1 mill in assets or make over 250k annually for the past few years.
It's what they call "accredited investors"
I'm not sure how the lending part works.
Posted on 1/15/16 at 12:48 pm to AUtigR24
I can't find that info unless I have overlooked it. In fact, I see where they say that some investments may be as small as $1000 minimum but the average is $5000 minimum.
Posted on 1/15/16 at 1:09 pm to stout
Interesting.
I have been wondering about a crowd-funded real estate lending site for awhile now....I have no idea if it is even legal under Dodd-Frank or would require ridiculous regulatory compliance but I would imagine that's why you aren't seeing such things on a small residential level
I have been wondering about a crowd-funded real estate lending site for awhile now....I have no idea if it is even legal under Dodd-Frank or would require ridiculous regulatory compliance but I would imagine that's why you aren't seeing such things on a small residential level
Posted on 1/15/16 at 1:40 pm to Shankopotomus
This one funds residential it says
Posted on 1/15/16 at 2:31 pm to stout
You sign up yet?
Thing I'm reading is you have to be accredited. Not there yet
Thing I'm reading is you have to be accredited. Not there yet
This post was edited on 1/15/16 at 3:05 pm
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