Crowdfunding

[Lisa Henrich]

Has anyone ever used crowdfunding to finance real estate?  If so, was it successful?  I currently work full-time and have two rental properties.  I would love to acquire more properties in a timely manner...without just having to save up the cash for the acquisition.  Any insight would be great.  

Thanks!

Lisa

[Charles Clinton]

I've spent a lot of time researching the industry and I'm not sure I agree with Andrew. Don't get me wrong, some of these platforms are definitely just online hard money lenders, but some work with more varied structures. 

Lisa, what's your experience level? Do you just own the two rental properties? Each site has its own underwriting criteria but the reputable ones put significant effort into underwriting the sponsor to make sure they have significant track record and experience.