I hope your end of summer hasn't been too hectic. A lot has happened in the last month.
- In an announcement that was not too suprising, iFunding announced they're insolvent. Investors say some of the bankruptcy protection they had believed was in place (splitting up the investments into individual LLCs) was not actually there. And since no backup administrator was specified in advance, all of their investments will get sucked into the bankruptcy proceedings unless they can agree on a plan to avoid it. More details are below.
- One of the biggest problems with crowdfunding is the almost complete lack of conservative, quality deal flow. In an exciting development, one of the major platforms is willing to help change that, if enough of you are interested. If you'd like this, please take the survey so we can do that.
- I was tickled pink with the opportunity to interview Paul Kaseburg, the guru who has exposed the myths and fallacies behind a lot of the current industry marketing. Paul has completed over $1 billion in real estate transactions on both sides of the table, and his two-part interview is packed full of in valuable insights.
- I've delayed putting out the new 2017-2018 rankings of sites to allow some of them to provide additional responses and clarification. If you're an investor, and having problems with anything, please reach out to me and let me know so I can get out the word to others!
Plus I've gathered up more real estate and financial industry news and information. Enjoy!
Ian Ippolito
The Real Estate Crowdfunding Review
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