CrowdSeekr is an investor-focused platform that compiles investment opportunities from multiple real estate crowdfunding platforms into one place, allowing investors to easily search for and compare deals, then connect to the platforms to invest. Similar to Kayak for flights or Trivago for hotels, CrowdSeekr allows investors to maximize their listing options and find the opportunities that are right for them.
CrowdSeekr allows investors to easily compare the listings of dozens of real estate crowdfunding platforms at once to find the ideal investment.
According to crowdfunding data provider Massolution, over $1 billion was raised on these platforms for real estate developments in 2014; in 2015 that amount climbed to $2.5 billion and in 2016 to $3.6 billion. Several real estate crowdfunding platforms have raised in excess of $200 million individually.
Before the JOBS Act of 2012, investors could only “crowdfund” properties with minimum investments of $100,000, and businesses were restricted from general solicitation of the deals. The bill’s passage removed the ban on general solicitation and allows accredited investors to invest smaller amounts to raise capital. As a result, through smartphones and websites, startups and businesses can raise the capital they need, and investors have more opportunities than ever before.
An accredited is defined by the U.S. Securities and Exchange Commission as meeting at least one of the following requirements:
earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year; or,
has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence)
The JOBS Act allowed real estate websites to openly advertise their offerings, as long as all investors are verified as accredited. This requirement stems from Depression-era legislation intended to protect investors of modest means from themselves.
Non-accredited investors are allowed to invest in Title IV/Reg A+ deal and Title III/RegCF deals.
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