Crowdfunding for raising capital

CorySperle

Senior Forum Member
REIN Member
Sep 1, 2010
716
459
63
Edmonton
#1
Has anyone used crowdfunding to raise capital for real estate deals? This approach seems interesting, and wondering if anyone has used it.
 
Likes: KEC

kfort

Senior Forum Member
REIN Member
Sep 1, 2010
1,559
315
83
#2
There has been some good discussion on this approach on the bigger pockets forum. About 18 months ago there were some people brainstorming about it


Sent from my iPhone using myREINspace
 
Likes: CorySperle

Matt Crowley

Senior Forum Member
Registered
Dec 14, 2013
891
402
63
Calgary
#3
It's mostly underdeveloped in Canada right now. It is picking up speed in the U.S. but regulations are very different. CrowdStreet is probably the best I've seen in the U.S. and have attracted some major funds. Also check out Cadre, they are doing something cool with it as is Rich Uncles and Realty Shares.

In Canada, the guys I've seen do it basically raised $100k (out of $2 million raise) and it was a ton of work and didn't offer much legitimate exposure. I've known guys who worked for R2 and said their platform is a mess. They are basically looking to sell you the whole capital stack but can't deliver on the equity. Someone may have a different experience but I'd say we are years behind the U.S.
 
Likes: kfort