Listen to this podcast in the shownotes page here.
The news of the collapse of the company came as a great shock to the real estate crowdfunding community on the sponsor side, the investor side, and, naturally, to other marketplace platforms operating in the same space. Not to mention a great shock for the folk who had been working so hard at the company to make it a success and who had no expectation that the company was going to fold.
In this RealtyShares special episode, there are three key things to learn.
One, as an investor you are going to hear about how intensely focused the company was on conducting industry leading due diligence on deals they listed on the platform – you are going to want to be sure that any deals you invest are as thoroughly researched.
Two as a sponsor, the obvious lesson is that while using online marketplace platforms is a great way to get going, you also definitely want to have your own independent channels also – if you are interested in learning more about how to do that, please let me know using the contact page on the NREForum.org website and I’ll send you some information about how to do that.
Three, the overriding lesson to be learned is that it is not online real estate syndication itself that is a flawed thesis, but rather the business model upon which RealtyShares was founded that led to its demise.
In today's episode the founder of RealtyShares discusses the four lessons he has learned from the experience of having started the company, built it to nearly a billion dollars in size, and then left a year ago only to watch the company fold.