Has anyone heard of the term Crowdfunding?

[arashi87]

Recently i have heard a few project managers are creating a "crowdfunding" opportunity for property investors...guess it just work as like shares? but in properties...

Does anyone know anything about this? whats the catch? pros and cons?

 

[D.T.]

You should register your property development on Kiva

 

[C-mac]

Legally and logistically it can be a nightmare for corwdfunded property ownership (both on a small scale and full development scale). The substantial additional legal and contractual costs involved, will eat away at the overall profit, especially in a development. This could hurt returns for all involved.