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 RealtyShares . 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 RealtyShares stack up
against each other on these threads.
To start, we will consider the minimum investment required for both applications. In other words, how much does one need to invest to use the service? Out of the two, Patch of Land minimum investment of $1,000 is smaller than the deposit of required by RealtyShares.
Being an accredited investor is often required from real estate crowdfunding
Unfortunately, both Patch of Land and RealtyShares require you to be an accredited investor.
Unfortunately, neither Patch of Land and RealtyShares offers a private REIT.
|Review||Patch of Land Review||RealtyShares Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Promotions||None||$100 cash bonus when you enter "partner100"|
|Account Fees||0-3% of loan amount||1% on equity; up to 2% interest rate spread on debt|
|Investment Length||1 - 36/months||6 - 120/months|
|Regions Served||46 States; excluding MN, SD, NV and AZ||Not available in AK, NV, ND, SD, VT|
|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.
RealtyShares is an online investment platform that specializes in real estate investments. It focuses on smaller business investments, including single-family house flips. RealtyShares has a large amount of investment type options, though the investments are illiquid.