LendingHome is an alternative to the traditional residential mortgage process, using technology to simplify and speed up the process for both borrowers and investors. On the positive side, you get instant cash flow with any investment. On the negative side, you need a minimum of $50,000 to invest.
Despite the low minimum initial deposit requirement, PeerStreet is not an investment platform that will work for most investors, and certainly not small investors. PeerStreet will appeal to certain high asset, high-risk investors, but it is not a platform for the average investor.
|Review||LendingHome Review||PeerStreet Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||1.0% - 2.5%||0.25% - 1.0% setup fee|
|Investment Length||0 - 12/months||6 - 24/months|
|Regions Served||AZ, CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA and WV||50 States|
|Self Directed IRA||Yes||Yes|
|Sign Up||Sign Up|