Real-Estate Crowdfunding Set to Top $2.5 Billion This Year

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Crowdfunding for real estate is already a billion-dollar industry, and it’s expected to more than double this year.

That may come as a surprise. When most people think about crowdfunding, they’re likely to think of a group of friends pulling their finances together to back the launch of a new indie film or a wallet made out of duct tape.

But the world of crowdfunding is a lot bigger than Kickstarter.

Across the globe, investors and homebuyers are using crowdfunding as a way to own and profit off of commercial real estate or finance the purchase of their own homes. Real-estate crowdfunding was a $1 billion industry in 2014 and is expected to grow to more than $2.5 billion this year, according to a report released today from industry research firm Massolution. In 2014, campaigns ranged in size from less than $100,000 to over $25 million.

To read the full article, click http://www.entrepreneur.com/article/243526

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