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Wednesday, March 1, 2017

Best Practices REC


People currently feel disconnected from their investments, but the new transparency associated with crowdfunding can give you an opportunity to increase their interest.

Since this is still a growing industry, getting in early and building your reputation can have big future advantages.

Before getting involved in a deal, make sure you ask yourself these important questions, like can you afford it?

Not only acquiring the property itself but upkeep, tax, insurance, and the potential for other unforeseen circumstances to lower property values, etc.

Keep an eye out for areas with a lot of potential and talk to other investors, lenders, and repair service providers to learn as much about the market as you can.

Luckily, if you’re an experienced real estate manager, this area should be the easiest for you.

You must build an open and honest relationship with the platform you are using.

Keep in mind that the closer you work with them (and get all of the necessary documents submitted) the faster your deal will be funded.

It is recommended that you give investors as much information about the deal as possible.

A two-page deal has very little detail compared to a 20+ page deal, and that detail can be the difference between deciding to invest in you or another sponsor.

With REC, sponsors have the opportunity to make investors feel special, because they know exactly what property they are investing in and the vision behind it.

 Sharing updates throughout your project and earning the expected returns can have a big impact when it comes to an investor’s decision to back another one of your projects in the future.

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