Pros & Cons of Crowdfunding Real Estate with Jorge Newbery
Jorge P. Newbery is Founder and CEO of American Homeowner Preservation LLC, which utilizes Regulation A+ to crowdfund the purchase of nonperforming mortgages from lenders at big discounts, then shares the discounts with struggling homeowners. A 2004 natural disaster triggered the financial collapse of Newbery’s former business, leaving him with $26 million in debts he could not pay. Newbery rebuilt himself through AHP, sharing what he learned from his challenges to help families at risk of foreclosure stay in their homes.