JF166: How to Do a Crowdfunded Deal from Start to Finish

What’s it like to do a crowdfunded deal? What can you expect as a borrower who gets money from the crowd? Here’s who we’re talking to today: Omar Skyers’s real estate background: - Partner at SRB Group based in Newark, New Jersey - Been in real estate since 1999 and started flipping properties in 2007 - Currently has 8 deals on www.patchofland.com - You can view his deals here: https://patchofland.com/srb-group-llc.html Doug Cochrane’s real estate background: - SVP of Underwriting and Acquisitions at Patch of Land, a debt based real estate crowdfunding lender based in Los Angeles - Over 20 years of real estate experience as a senior loan officer, underwriter, appraiser and investor - Has originated and underwritten nearly $300,000,000 in residential and commercial loans And here’s a taste of the treats you’ll get: - Why a flipper went from hard money to crowdfunding - The beautiful partnership that results from the experience - Side-by-side comparison of hard money vs. crowdfunding - A surprising part of the process with crowdfunding - Step-by-step process for how to get set up on a crowdfunding platform - The crowdfunding platform’s role in the process - Importance of getting started in the process NOW - Reporting requirements for borrowing money from a crowdfunding platform HOT OFF THE PRESS: Download this White Hot Market Report for Newark, New Jersey: http://landing.patchofland.com/patch-of-land-white-paper-the-newark-report Subscribe in iTunes and Stitcher so you don't miss an episode! Sponsored by Patch of Land - Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at www.PatchOfLand.com Learn more about your ad choices. Visit megaphone.fm/adchoices