July General Meeting Feature: Funding Real Estate Deals
PROFITABLY AND LEGALLY in the Wake of the Great Recession
When President Obama signed the “Jump-Start Our Business Start-Ups” (JOBS)
Act in 2012, he and his supporters touted the move as a “game-changer” that
would enable entrepreneurs to find investors who not only believed in their
vision, but who were willing to put money up to build that vision. Not surprisingly,
innovative, motivated real estate investors immediately began assessing the
potential for the JOBS Act to work for them, and soon the real estate industry was
among the leading sectors when it came to courting Mr. Obama’s “ordinary
Americans” and encouraging them to, as the president put it, “go online and
invest in entrepreneurs they believe in.”
In the nearly three years since that bill passed crowdfunding websites have leapt
up all over the place. You can now fund everything from your latest flip to your
IRA investments through crowdfunding. But ultimately, even though it makes a
great headline, crowdfunding, like any other type of funding, is, in the grand
scheme of things, just another way to get a good deal done. At least, it should be.