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Updated over 2 years ago on . Most recent reply
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possible cheap way to directly own commercial real estate?
Hi all,
I have an interesting post. A friend told me this morning that there is now a platform that allows both non and accredited investors to invest in blockchain secured commercial real estate for only $50. It seems interesting, but I don't understand how it works. why would they be limiting the sign-ups to 5000 people?
Im confused. Is this a scam?
Let me know your thoughts.
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This is most likely a crowd funding platform. Most of these platforms are not scams, however you're returns are going to be brutal compared to if you had invested in a deal yourself or a trusted partner. I would strongly recommend you first look for mentors/partners in your local area to get into commercial investing before throwing your money at the wind and hoping it sticks.
There are 4 general steps to investing: education, acquisition, operation, disposition.
If you don't feel confident in your knowledge base before investing in something, then I strongly suggest learning more about that platform OR real estate investing first before allocating your dollars to investments.
Hope this helps.