Crowdfunding real estate?
Adam wants to know if Dave thinks crowdfunding is a good way to invest in real estate. As you might expect, Dave is not a fan of the idea.
QUESTION: Adam asks Dave if crowdfunding is a good way to invest in real estate. As you might expect, Dave doesn’t think it’s a good idea.
ANSWER: I wouldn’t do that. And I would not give you money in a crowdfunding scenario for you to buy real estate.
Beverly Sills had a great saying: “There are no shortcuts to any place worth going.” Investing in real estate is wonderful when you do it right. When you get in a hurry by going into debt and getting into partnerships and things like that during your process, real estate is a horrible investment. It’s a wonderful investment when you slow down, pay cash and get a bargain. Then you manage the asset well.
I’ve got a bunch of real estate, and I love it. That’s how I do it.