We’ve all heard of, or perhaps even participated in, crowdfunding ventures. From Kickstarter projects, to GoFundMe endeavors, from the complex to the mundane, enterprising businesspeople are turning to new ways to come up with cash. Inroads have been made into the realty business. About a year ago, RealtyShares launched as a way to invite small investors to join the party. For 2016, the company is branching out to focus on a select few markets in the U.S. Five specific markets with burgeoning tech and real estate sectors have been selected for future RealtyShares investments. Seattle, Dallas, Austin, Miami and Chicago are the lucky metros. The company hopes that it can successfully make connections between like-minded parties in these cities - also chosen because the tech-savvy there are interested in making real estate investments that speak to their sensibilities. For as little as $5,000, investors can get in on the action. That amount can gain entry into a vari...
- RealtyShares has brought crowdfunding to real estate.
- The company has a hyperlocal focus for 2016: Miami and Chicago are part of that new initiative.
- Investors can get into the game for as little as little as $5,000; developers can get funding in about four days.