Hi Folks,
Just had lunch with RealtyShares Chief Marketing Officer, and she gave me a heads up their second fund will launch in November. It's going to have a $25K minimum, and be an index like fund of all the RS deals. One K-1 too.
I think this will solve a lot of problems with folks not knowing exactly what or how to invest. I'm excited to learn more and will write a post about it in the near future.
Sam
Hi Sam
I'm sure they are targeting non-accredited investors, returns will be around 7 to 8%.
I do not understand why SEC has this stringent requirements on syndicate investing.
I see great deals on Crowdstreet from 18 to 26%, being non-accredited it is very discouraging that I cannot participate in those deals.
Thanks
Pradeep
Is this a way to compete with Fundrise?
I'd be interested in the RealtyShares fund, and I'm curious if they'll be able to deliver similar returns as Fundrise in the 10% range.
I'm bummed as this is obviously not happening anymore. Everybody was caught by surprise when their funding was pulled last minute. https://www.financialsamurai.com/forums/real-estate-crowdfunding/thoughts-on-realtyshares-closing-its-doors-to-new-investors/
I thing a fund is a great product offering because it's really hard to pick individual deals. Hence why i invested in the DME fund. Fundrise has the better model with their eREITS.