@Jim Groves
@Daren Wang
http://www.businesswire.com/news/home/201509010054...
Good news! There is finally a player in the real estate crowdfunding space that is targeting non-accredited investors. GROUNDFLOOR.US has received SEC approval to launch in 9 states.
This is huge! For folks in the securities industry who understand, I believe this is the first offering ever approved for non-accredited investors under the new Regulation A+ rules. After the successful Georgia launch, now investors in California, Illinois, Maryland, Massachusetts, Texas, Virginia, Washington, and the District of Columbia will also be able to invest in private real estate deals online. During the pilot, the typical loan term was six months to a year, and average annualized yield of over 12 percent. Investor minimum has been reduced to $10. Crowdfunding has finally been approved for the crowd, not just the select few "accredited" investors.
For my real estate rehabber and flipper friends, this is a new outlet for funding your deals which also gets you tremendous marketing visibility for your project. And for everyone, this is a great place to park some cash for meaningful returns without the crazy stock market volatility. Check it out.
I also believe with time this platform will build a depth and subscriber base that will have the liquidity to support larger land development and commercial deals.
