Wednesday, May 14, 2014

The Next Big Thing in Real Estate?

Up until now, investing in real estate has been seen as an option only for the wealthy. But things may change soon with the creation of startups for crowdfunded real estate purchases.
Crowdfunding involves a large group of people on the internet donating a certain amount of money to a project. For example, the website Kickstarter allows filmmakers, designers, and musicians to post a project idea, the funding required, and a deadline for the goal. If people like what they see, they can donate money and will generally in return receive something from the project creator, like a copy of the finished film, album, etc.