Inside the Real Estate Crowdfunding Land Rush
Last month a Texas entrepreneur took to Craigslist with a surprising offer: For $50,000, the author of the listing would part with 5 percent of a real estate crowdfunding startup that he said would generate profit within three months. Seemant Nakra, who posted the ad, said it hasn’t led to new investment in his Austin-based company, Equity Brick, but has generated interest from people who want to make crowdfunding investments in Texas apartment complexes. It doesn’t take a lawyer to suggest that Craigslist might be a bad place to source startup investments, but the post illustrates what some real estate investors have noticed: These crowdfunding platforms are everywhere.
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