All Forum Posts by: John Champagne

@Jennifer King - yeah, old thread. I forgot about this conversation. Are you doing any crowdfunding in Washington?

As @Bill Regan said, crowdfunding is an option. I'd recommend reading about it and learning about the options available to you. Your status as accredited or non-accredited investor will determine which route you can take in terms of the crowdfunding portals available for you. 

Hi JaNae,

If you're looking for investment opportunities in Texas I might be able to help you out, free to contact me directly. Participating as an investor in a crowdfunding project might interest you and mitigate some concerns with respect to distance from the property. The project sponsor would be responsible for managing to property.

@Zachary Akey - My company is out of Austin TX and we work with investors throughout Texas. Check us out and send me a PM.

@Joseph Odhiambo It looks like you're a Colorado resident. If this is correct look up Colorado intrastate crowdfunding. I believe Colorado did pass legislation allowing equity crowdfunding for non-accredited investors. You might be able to find crowdfunding platforms operating in the real estate space. Good luck & feel free to send PM.

@Joseph Odhiambo as @Ian Ippolito mentioned, there are numerous real estate crowdfunding portals out there, but they don't all operate in the same way. I'm with a crowdfunding portal, we're a startup company out of Austin TX focusing on working with non-accredited investors. Ian asked if you were an accredited or non-accredited investor, this is probably the first thing you need to be familiar with because it determines the type of crowdfunding portal you can work with and tells you what your investment limits are. Additionally, it will help determine if participating in real estate crowdfunding is even and option for you in your state.

With regard to investing in crowdfunding within a retirement plan like an IRA, generally speaking you can do this. There are plenty of questions that would need to be addressed before providing a definitive answer, it's not just a simple answer that yes you can do it.

@David Thompson

David - have you been involved in any crowdfunding projects in Austin?

@Kelton Johnson

That's a good point. If that is a factor I would suggest finding a crowdfunding portal that can provide proof of funds for the purchase of the property in advance of the actual crowdfunding.

Have you considered crowdfunding as an option for purchasing property?

Texas requires that fund raising through a crowdfunding portal be done within a company, such as an LLC. Essentially, your LLC would be the entity raising funds. There are a few Texas companies out there that offer these services, each have their own unique ways of doing business. Just throwing out options for you.