Technology has made it easier to raise capital for real estate deals. Crowdfunding has grown exponentially, so we talked to Mark Roderick to learn more about crowdfunding and fintech (financial technology). Mark is one of the leading crowdfunding and fintech lawyers in the US with extensive knowledge of capital raising and securities law. On this episode, he talks about different ways to use the internet to raise money and the impact new technologies will have on the way we buy real estate.
Partner: Get Your Early Bird Tickets to the Midwest Real Estate Networking Summit
Key Market Insights
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Crowdfunding is raising money on the internet
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Two versions – donation based (think Kickstarter) and equity based
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Crowdfunding is online syndication with 3 flavors: title 2, title 3 and title 4
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All crowdfunding falls under the JobsAct
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Title 2 is very similar to 506c for accredited investors
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Title 3 is very different, can only raise $1MM annually
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Title 4 can raise $50 million
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FinTech – any technology disrupting the financial services industry
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Many believe banks should be a disintermediary
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Roboadvisor apps are apart of FinTech
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Online syndication is not more risky than traditional syndication
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Anytime you take money, you can be sued
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When done properly, you should not be exposed to any actual liability – even if they lose money
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Blockchain technology could disrupt the real estate industry
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Blockchain is a database or ledger that cannot be changed and has no central authority – everyone must consent
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Title companies and other “middle men” could be pushed away through blockchain
Partner: Be sure to check out the #InvestThis Podcast with Scott Bower
Bull’s Eye Tips:
Winning in Crowdfunding: Marketing
Tracking Market Changes: Conferences, Blogs
Daily Habit:
Resources:
Digital Resources
LinkedIn Groups
Tweet This:
“Anytime you take money, you can be sued”
“When done properly, you should not be exposed to any actual liability – even if they lose money”
Places to Grab a Bite:
Park Place – Merchantplace
Connect with Mark:
Website: Crowdfundattny.com
Phone: 856-661-2265
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