LOS ANGELES—Crowdfunding experts continue to see positive implications from GlobeSt.com's recent online poll about the acceptance of crowdfunding for real estate transactions. While most admit that this form of fundraising is not necessarily for everyone or every deal, they say the poll results show that widespread acceptance in the industry will happen in a matter of time.
As GlobeSt.com reported last week, 84% of respondents to a GlobeSt.com online poll said they consider crowdfunding to be a legitimate and reliable source of fundraising for real estate transactions—with qualifiers. The results indicate that crowdfunding is gaining ground as a capital source among industry professionals.
GlobeSt.com spoke with Alon Goren, founder and CEO of InvestedIn—a Los Angeles-based white-label crowdfunding company—and Adam Hooper, CEO/founder of the Palo Alto-based RealCrowd crowdfunding platform, about the poll results and what they mean for crowdfunding's future in the real estate industry.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
