CrowdFunding Real Estate Online
CrowdFunding is the term used to denote the collective efforts of many individuals for the purpose of funding a project. The individuals come together usually via the online media and pool the money to fund for any kind of project. Various common projects that are supported by crowdfunding are community projects, disaster relief, projects on behalf of artists by fans, Startup Company funding, movie production funding and real estate. Real estate development through crowdfunding is a later addition but one that is gathering steam. Crowdfunding is generally supported by a platform which brings together the crowd of investors and the people responsible for the projects which are being funded. Crowdfunding real estate is beneficial to project developers, small investors and the community. Developers who are looking for novel ideas to procure funding for the projects can use this to advantage. Small investors who are unable to invest in real estate for lack of large money deposits can benefit by pooling money among similar people. Through real estate development, the local communities can be supported.
The projects developed can be used for civic purposes or a commercial building or for residential purposes by renting the property. Some platforms specialize in developing projects as rental property investments. The people who invest money to buy shares in these projects find a good base for their investments as well as a share in a good real estate property which would not have been possible without crowd funding. These kinds of projects also give return revenue to the investor along with the shares of the project.