Real estate crowdfunding has been a popular investment option for many people over the years. There are more applications and services being added to the list every month. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific applications.
This review compares Patch of Land and PeerStreet . The better service depends on your needs. Let's dive in!
According to our readers (you!), when it comes to real estate crowdfunding, people
care most about the minimum investment required, whether they need to be an
accredited investor, and whether or not the software has support private reits.
Let's look at how Patch of Land and PeerStreet stack up
against each other on these threads.
To start, we will consider the minimum investment required for both applications. In
how much does one need to invest to use the service?
Both Patch of Land and PeerStreet have the same minimum of $1,000. So they are equal in this requirement.
Being an accredited investor is often required from real estate crowdfunding
Unfortunately, both Patch of Land and PeerStreet require you to be an accredited investor.
Unfortunately, neither Patch of Land and PeerStreet offers a private REIT.
|Review||Patch of Land Review||PeerStreet Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||0-3% of loan amount||0.25% - 1.0% setup fee|
|Investment Length||1 - 36/months||6 - 24/months|
|Regions Served||46 States; excluding MN, SD, NV and AZ||50 States|
|Self Directed IRA|
|Sign Up||Sign Up|
About Patch of Land
Patch of Land is a peer-to-peer (P2P) real estate lending marketplace. They automate the loan underwriting, data management and risk assessment processes and provide a platform where accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments can be matched with borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.
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.