Due to health reasons, I'd been unable to post a newsletter for several months. But now I'm back, and so much has happened that this is the biggest newsletter update ever. Here's an extremely brief overview.
Fund That Flip became just the third site to go with complete transparency and publish its performance (which was looking very good). Roof stock launched in Los Angeles. Realty Mogul updated us on the final status of their foreclosures discussed in a previous article. And, the SEC announced that Rich Uncles is under investigation for it's marketing practices.
Lots of investors are complaining about problems with their hard money loans. So we did an in-depth three-part tutorial on understanding the risks, and my personal checklist for due diligence.
And there have been big changes in real estate over the last several months. We covered the plummet in new-home permits, and publicized industry articles on real estate construction labor shortages, problems in hotels, self storage and apartments.
In the wider fintech industry, Prosper admitted to grossly overstating investor returns, and we did and article on why I'm dumping my P2P loan portfolio with Lending Club and Funding Circle.
And by the way, the next issue of the newsletter will be a huge one, with the newest rankings for 2017 - 2018. We are currently reviewing new sites, re-reviewing the old sites, and interviewing investors. This year, the accredited and nonaccredited options will be split into two separate rankings, to make comparisons easier for both types of investors.
Enjoy this newsletter, and have a good rest of the summer.
Ian Ippolito
Editor of the Real Estate Crowdfunding Review
