“We are incorporating some of the best practices of how to do it in a very scalable manner”
Tore Steen
Tore Steen is the CEO and Co-founder of CrowdStreet which is a crowdsourcing platform connecting investors with Main Street investment real estate opportunities. Tore is a business leader in the internet and software industries with deep expertise in strategy, business development, sales, and marketing for both publicly traded and private enterprises.
With commercial real estate being the third-biggest asset class in the U.S. Tore will share how CrowdStreet is empowering individual investors by democratizing investment real estate. Tore will talk about technology solutions that provide real estate sponsors with a scalable platform for managing a large investor base. You’ll also learn about the potential yields and the opportunities available to non-accredited investors.
Listen to ILAB 53 on iTunes here or subscribe on your favorite podcast app.
ILAB 53 Show Notes
Links:
Crowdstreet.com
@CrowdStreet
@toresteen
Where are we:
Catalonia, Spain – Sam & Johnny FD
Portland, Oregon – Tore
Recommended:
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
Wealthfront – get your first $15,000 managed free
Betterment – get up to 1 year managed free
RealtyShares – try it free with ILAB link
Book:
Start Here – Recommended readings
Time Stamps:
02:49 – Beginning of CrowdStreet
06:07 – The leadership team experience
08:36 – Defining commercial real estate
10:07 – Grading the quality of property
11:09 – Terms to familiarize with
14:09 – Demographic trends in the USA
16:57 – Investors circle learning platform
18:29 – Asset profile explanation
23:07 – Average member investment
25:20 – Software solution for developers
28:27 – The vetting process
32:54 – Average returns across the platform
36:09 – Nonaccredited opportunity
40:59 – Passive returns on investment
43:46 – High risk vs. safe ROI
46:21 – Biggest investment mistakes
55:09 – Nonaccredited investors
If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.
