Crowdfunding is hot….and getting hotter. We’re even starting to see more & more success stories and positive media about it. Recently, an article on Bloomberg talked about how home flippers have turned to crowdfunding for their funding needs with great success. Using platform sites such as RealtyShares, LendingHome, PeerStreet and Patch of Land home flippers and developers have learned that financing can be quicker and easier than going through traditional banks.
“[A house flipper] crowdfunded nine deals totaling more than $9 million through RealtyShares over the last two and a half years. A July deal for $1 million took him just 12 hours. “Generally, raising money takes so much time….This offers so much flexibility and time savings. It’s so much better than going to family offices, banks or Wall Street firms.’’