I hope everyone is having a good start to 2017.
Since our last update in October, a lot has happened. The biggest news is that the average, every-day, nonaccredited investor (in any state) can finally invest in real estate crowdfunding. I did a 2 part article comparing the 3 available options (Rich Uncles, FundRise's eREIT and RealtyMogul.com's REIT) on 9 different features.
Several platforms temporarily waived fees or offered incentives to attract new investors and investments. And Equity Multiple earned huge kudos when it becamethe 2nd company in the industry to deliver full transparency on past investment performance.
But not all was rosy. Patch of Land saw another high profile executive departure and one investor reported that 15 of his 40 investments with the company were delinquent. Another investor reported a rare Peerstreet loan going into foreclosure.
In financial industry news, the Wall Street Journal predicted trouble for commercial real estate in 2017. And many financial advisors showed their true colors by throwing a fit at new rules designed to force them to act in their client's best interests. With $17 billion per year in padded fees to be lost, their fight will continue into 2017 and beyond.
Enjoy the articles.
Ian Ippolito
Creator and editor
