Crowdfunding comes to real estate investment in Orlando

Abraham Aboraya | Orlando Business Journal | Apr 8, 2014 | If crowdfunding can create a company like Oculus VR — a company bought by Facebook for $2 billion— it only makes sense for crowdfunding to look at real estate.
Crowdfunding, for the uninitiated, is when groups of people pledge small dollar amounts to a project on sites like Kickstarter and Indiegogo. And now an Orlando group is launching a site to facilitate small investments — as little as $1,000 — in residential real estate.
The company, Orlando-based Peer2PeerNetworks LLC, and the site, available here, soft-launched late last week. Right now, the site is just registering users, with plans to have properties available in July. I spoke with Raynell Bell, one of the managing partners of the firm.
“We thought we would make it a little easier for the individual to get invested,” Bell said. “Instead of having large investors buying a large building, we wanted to bring it in a little lower to have the same flexibility and leverage.”
Bell said the site will focus on the residential real estate market, with a couple of sweet spots: condos, single-family homes and “super rentals,” properties that can be turned into vacation rentals for out-of-country travelers. The company is working with brokers to find and vet the deals, including Sommerville Real Estate Group in Thornton Park, as well as one other as-yet-unnamed brokerage firm.
The actual transactions would be done by real estate lawyers at Vihlen & Vinadia PA in Lake Mary.
“I am looking for more brokers,” Bell said.
The idea is relatively simply: Brokers find a property that would fit the Peer2PeerNetworks’s data points, and it would be posted on the site. If Peer2PeerNetworks can raise enough money from small, individual investors, the company would buy the property and flip it, or rent it if a buyer can’t be found.

read more:


Mountain XpressFaces in the crowd: WNC crowdfunding initativesMountain XpressON THE SPOT: The scenes in Luke & Jo will be shot chronologically, which will allow for more improvisation in the dialogue, according to the feature film's crowdfunding page. Andie Morgenlander and E [...]

AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

BBC NewsNHS trust 'relies' on crowdfunding to equip wardBBC NewsAn NHS trust has launched a crowdfunding appeal to buy equipment for a new hospital unit because "it cannot get started without donations". The Royal National Orthopaedic Hospital (RNOH) in Stanmore, n [...]

MottoIVF: More Couples Crowdfunding to Pay for Procedure - MottoMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports.More Couples Who Can't Afford IVF Are Turning To Crowdfunding For HelpRomperCouples des [...]

EntrepreneurIs Crowdfunding Right for You? Answer These 7 Questions to Find Out.EntrepreneurCrowdfunding is a popular and increasingly accessible way to put your prospective product or business in front of millions of people. And, thanks to the visibility of massive success stories, t [...]

Boing BoingCrowdfunding a bike-lock that squirts vomit-inducing antipersonnel gas when cutBoing BoingThe Skunklock is a $109 crowdfunded gadget that contains pressurized vomit-inducing gas the creators call "Formula D_1," and which is intended to induce immediate vomiting wh [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 record, Kelly and the band realized that one of [...]

CFB Finance

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |