Choosing the right property crowdfunding platform comes down to what you feel comfortable with and the due diligence you put in when it comes to doing your research. It's also important to understand where your own competencies lie and there is no harm in working with platforms that will take the time to educate you.
Property Expert Series: Ben Grove from Property Moose
- Part 1: What is Property Crowdfunding and is it a Good Way to Invest?
- Part 2: How Does Property Crowdfunding Work?
- Part 3: Secured Loans and Property Crowdfunding with Property Moose
- Part 4: How to Choose the Right Property Crowdfunding Platform for You
- Part 5: How are Investors Protected with Property Crowdfunding?
- Part 6: What is the Future of Property Crowdfunding
- Part 7: What are the Returns Like with Property Crowdfunding
- Part 8: Should I Invest in Property, Stocks or Shares?
- Part 9: What Problems could Crowdfunding Investors Face in the Future
- Part 10: What Due Diligence is Needed Before Investing in Property Crowdfunding
- Part 11: What Property Deals Work Best with Crowdfunding
Ready to Take the Next Step?
Choosing the Right Crowdfunding Platform
Amy: Have you got advice, Ben, on how, if we've got investors that are watching and they're thinking of going into crowdfunding and they need to have..? Obviously, there are a lot of different choices now with crowdfunding.
There are new companies coming to the marketplace. How should investors pick their crowdfunding platform and how should they see through all the different options that are there and pick the one that's right for them?
Ben: Okay, so, first off, I can't give advice because I'm not allowed to.
Ben: If I look at how I would do it personally as an investor, it just starts with pure due diligence. Checking out the companies, looking at Companies House. Are they making money or are they not making money?
And also, just because they're not making money doesn't necessarily mean that they're failing. They could be going through an investment strategy to get to where they want to get to.
Looking at deals that are already on the site. Looking at what the returns might have been. Speaking to people that work there.
Ben: It is the same as with an estate agency. You are not necessarily choosing the company because of the brand, you are choosing the company because of the people that work there because you feel an affinity with them or you feel comfortable with them.
And I think that if you are going to invest you always invest what you feel comfortable with and even if that means investing what could be considered to be a small amount of money to begin with and experiencing how the site works and how the mechanisms work and how the people work and getting them to prove themselves to you. And then when you feel comfortable that they've done what they say they can do, it's then down to you and you to decide that you want to invest more or less or whatever it might be.
Amy: That's great advice.
Ben: With all of this, I'm from what I would consider to be an unregulated space. So, the estate agency background is not as regulated as the financial sector, the FCA and everything else.
And I would worry that because there is so much choice out there it can become quite daunting, especially for new investors.
And that's why we've built, and we really are very proud of this... We have a blog on our site which is called 'Economoose' and it gives you advice from the get-go.
You could spend as much time as you want on there reading as many informative articles... We have just published an e-book with 17 different heads from the prop-tech industry essentially advising people on what the future of property investment is, property technology, everything else.
That's been really popular and it's brought more people to the site because we've invested in helping people to understand what it's all about.
And then obviously they go from being online and spending, probably, 4 or 5 minutes reading something to then booking something in my diary, speaking to me about the deals that are on the site and then their competence level gets up to a point where they are willing to invest or not.
I'm not saying it's for everyone.
But yes, certainly so far... If you were to look at the marketplace, I'd like to think that people will at least consider ourselves one of the potentials for them.
Crowdfunding is the simplest and quickest way to invest in property. In just a few minutes you can be well on your way to building a diversified and balanced, property portfolio.
Unlike traditional forms of property investment, crowdfunding does not require huge sums of money to get involved and opens up the property market to everyone.
If you want to find out more then click the link below where you will find all the information you need to get started including the details of our favourite property crowdfunding platform.
It’s simple, it’s secure and you can invest your money in minutes.