All Forum Posts by: AdaPia DErrico

There are quite a few people here on Bigger Pockets like @Mark Robertson or @Bryan Hancock

who have thoroughly vetted every platform and/or who have put together groups of investors to do what you're looking for, @Bryce Peterson

And, as @Account Closed pointed out, many still use good 'ol Excel. There is a whole thread started by an investor who publicly shares his crowdfunding deals using a Gsheet, here: https://www.biggerpockets.com/forums/520/topics/294382-i-put-2-million-into-20-crowd-fund-deals-posting-performance?page=6#p2753176

Property.com and Crowdnetic's Crowdfinance Index already track all the 506(c) related deals as well as others in the space, like Crowdrabbit and ConnectedInvestors.com.

Happy to help!

sorry, had some troubles with the site double posting ...

@JP Larcheveque it is defined by the SEC: http://www.investor.gov/news-alerts/investor-bulletins/investor-bulletin-accredited-investors 

Hello Bigger Pockets Community,

Hope this message finds you well.

On Thursday, March 19th, at 6:30 p.m. PST, we will be co-hosting a FREE real estate crowdfunding meetup event in Los Angeles with another location crowdfunding meetup group.  It would be a great opportunity for any Los Angeles based community members to get your questions answered in person.

If you are interested in attending, please register for the meetup so that we can get an accurate headcount for the venue.  Appetizers will be free with a cash bar:

Meetup: http://www.meetup.com/Real-Estate-Crowdfunding-Edu...

Hope to see you there!

Kind Regards,

AdaPia d'Errico

CMO of Patch of Land

http://patchofland.com

[email protected]

http://www.meetup.com/Real-Estate-Crowdfunding-Edu...

Hello Bigger Pockets Community,

Hope this message finds you well.

On Tuesday, March 10th, at 6:30 p.m. EST, we will be hosting a FREE real estate crowdfunding meetup event in New York City where multiple crowdfunding platforms will be attending.  It would be a great opportunity for any New York based community members to get your questions answered in person.

Cocktails will be served and thus far we are expecting a turnout of approximately 100 guests at the 7 Times Square, Manhattan, NY location.  If you are interested in attending, please register using either of these two options so we can get an accurate headcount:

Meetup:  http://www.meetup.com/Real-Estate-Crowdfunding-Edu...

Eventbrite:  https://www.eventbrite.com/e/recfen-nyc-march-meet...

Hope to see you there!

Kind Regards,

AdaPia d'Errico

CMO of Patch of Land

http://patchofland.com

[email protected]

Pls let us know how it goes, once they've rescheduled. I know they've been putting a ton of time and effort into it!

For those who watch Shark Tank, you may have seen the episode recently where a little known real estate crowdfunding company presented, and did not receive a warm response, to say the least. Since Patch of Land is one of the few companies in the space who are considered leaders, we could not let this disastrous performance ruin the reputation of the legitimate companies who have been working tirelessly to earn the trust and respect of real estate investors. 

This is our rebuttal: https://patchofland.com/blog/news-and-press/2015/02/05/real-estate-crowdfunding-how-to-survive-a-shark-tank-attack/

@Richard Allen @Audrey Truesdale until the SEC makes final decisions on Title III and Title IV of the JOBS Act, you will find most crowdfunding companies operating under Title II, Rule 506(b) or Rule 506(c). 

While only those who issue under Rule 506(c) are legally allowed to publicly solicit (think full blown advertising, tweeting and the like), there are plenty of people in violation of this rule. It remains somewhat of a grey area whether someone is publicly soliciting their issue when they are doing a public presentation about their company and the 'offerings' they regularly issue, even without blatantly making a sales pitch. That presents a dangerous place, though some people seem to be fine with it. There have been more portals move towards a strict 506(c), like POL and, while more onerous due to the verification of an accredited investor's status (and some clients who do not like this process, which is never a fun conversation to have), it safer because no one can slip through the cracks. 

I fully expect there to be a clamp down on advertising and general solicitation, even under the existing rules. It's plain to see that we are dealing in securities, and it's not to be taken lightly, nor in an unregulated fashion.