Crowdfunding is gaining momentum in real estate, with the amount of money raised, the size of deals and how fast they occur steadily increasing.
Crowdfunding is a way of raising money, usually through the internet, by getting small amounts from many people.
Nav Athwal, founder and chief executive of RealtyShares in San Francisco, says, “We are very eager to one day be able to open our platform to anybody that wants to put $1,000 or a couple hundred bucks into real estate, because let’s face it, real estate is one of the best ways to build wealth and you shouldn’t have to have a certain net worth to invest in real estate.”
Image via Flickr/Rocio Lara
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