It’s really a syndication within a syndication for some of these fractional offeringsWe reviewed doing this with our regulation a+ offering but as you mentioned, it would be an accounting nightmare for us if we were to do it with notes.

Within ten years, online education programs for college degrees will be available and at a fraction of the price. 

What I have already learned about real estate which is a fraction of what it is about.

@Kyle StevieTokenization for me is fractional real estate on blockchain.To me I do not see the difference in buying 100 shares of a regulation a+ company for $1000 on a $100,000 rental property (where you have 1%) and those shares are held via a transfer agent and if you wish to sell you go through a transfer process and tokenization except it’s on a blockchain.The transfer agent keeps a cap table which is historical data on the shares.

As I recall WA does not allow fractionalized deed of trusts for real estate, but a friend of mine actually participated in one as a lender on a 4-plex investment in Seattle.

A fraction of a good deal is better than 100% of nothing.

I hire offshore assistants to manage my STR properties at a fraction of the cost you’re quoting.

My experience from 2008-10 as a hard money lender was that loans where I was the only lender and had to foreclose did fine, although it was more work and time then I bargained for.The real problem loans I had tended to be the loans I was in on as a fractional interest, and it was like herding cats in dealing with fellow lenders, some of which just wanted to stick their head in the sand and not communicate.

@Ryan UnderwoodWhat you need to also factor in is banks use fractional lending, meaning that $100k loan they issued you was created out of thin air essentially and they don’t need to mark to market it.

I have multiple crews of guys trained and ready to flip all these for a fraction of the price it would cost most folks.