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.
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.
|Review||PeerStreet Review||Patch of Land Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||0.25% - 1.0% setup fee||10% of interest fee|
|Investment Length||6 - 24/months||1 - 36/months|
|Regions Served||50 States||46 States; excluding MN, SD, NV and AZ|
|Self Directed IRA||Yes||Yes|
|Sign Up||Sign Up|