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Raising capital

Discussion in 'Property Finance' started by LifesGood, 9th Jan, 2016.

  1. LifesGood

    LifesGood Home Building & Development Consultant Business Member

    Joined:
    26th Jun, 2015
    Posts:
    646
    Location:
    Perth WA
    What are your thoughts on this website? Raising capital via crowd funding. Interesting.

    www.crowdfundup.com.au
     
  2. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,173
    Location:
    Adelaide, SA
    Looks like another one of those businesses using crowd sourcing for development deposit requirements. I've seen some of those groups effectively providing the full deposit requirements and pre-sales, so the development has no real skin in the game, except for their $2 company.

    Some have a sales wing to push OTP at the same time, covering all bases.