I have been reading articles about crowdfunding written by the authors of this book for years. It is a good starting point for anyone interested in diversifying their investment portfolio or attracting money using the new investment mechanism – crowdfunding. I found some interesting information about the deals closed by REC platforms in the past as well as interviews with the platforms’ founders.
What I would add to the book:
• Opportunities provided by crowdfunding to “ordinary Joes” to fund a down payment for a primary residence, fix and flip, or avoid a foreclosure. A good example here is American Homeowner Preservation which gathers investors’ money to fund distressed properties and let the families stay in their homes.
• Tax considerations and specifically, crowdfunding through different types of IRA which provide great opportunities for tax optimization and capital growth.
• The industry forecast: right now, there are more than a hundred of real estate crowdfunding portals. Many of them will disappear because of tough competition, so vetting a platform is no less important goal for a potential investor (especially in the case of SVPs) than choosing a property to invest in. Also, an example of the P2P industry has shown that as soon as it becomes lucrative and big enough, we will see major mortgage corporations and banking groups entering the field, which may significantly change the rules of the game.
• I would add to the legal framework the intrastate laws, especially considering proposed changes to the Rule 147.
• Finally, it would be interesting to compare the situation in different countries or to change the title of the book to Real Estate Crowdfunding in the US Explained.
• Also, considering that it is an ebook, it would be useful to add a list of the largest portals with hyperlinks to the resources.
I would recommend this book to people who want to learn more about real estate crowdfunding as well as suggest anyone interested in democratization of the financial industry to read Crowdcrux.com, the website ran by the book authors.
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![Real Estate Crowdfunding Explained: How to get in on the explosive growth of the real estate crowdfunding industry by [Salvador Briggman, Krystine Therriault]](https://m.media-amazon.com/images/I/51OGZIbCVdL._SX260_.jpg)
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I've been looking into and hearing about real estate focused crowdfunding for a while and this book was a great resource in brin
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Interesting overview of real estate crowdfunding
Reviewed in Canada 🇨🇦 on January 23, 2017
