It’s no secret that real estate crowdfunding (RECF), or marketplace lending, has become one of the top ways for real estate developers, rehab managers, fix-and-flippers, and other real estate project owners and managers to raise capital to fund their projects. There’s no wondering why, either.
Performing due diligence on a potential real estate investment is one of the most important parts of the process. It ensures that you assess the investment risk soberly rather than rely on unreliable methods such as “gut feeling” or taking the borrower at his word.
Professions such as a doctor, lawyer, entreprenur etc. is very time consuming. In a life mainly consisting of work, it is hard to find time to gear ones energy towards another interest such as investing in real estate. This is where Real Estate Crowdfunding (RECF) and marketplace lending comes in.
At first glance Bitcoin does not seem closely related to the world of real estate. Other than the fact that some individuals might have made enough profit on their holdings to buy a house, the two topics appear unrelated. This is a serious misunderstanding of what Bitcoin means for the real estate market in general and transactions in particular.
The Internet of Things (IoT) has promised to provide a refrigerator that senses when the milk it stores is running low and adds it to the weekly grocery list automatically downloaded to the delivery service. While convenient, this is nothing compared to a system that has learned the homeowners preference for eggnog during the holidays and stocks up ahead of time.
New real estate investors are correctly advised to seek out a mentor to help them learn the business. Someone with experience can help the newcomer think through issues and bring up important considerations that might not be obvious.