Startup allows for crowdfunding in real estate

Realty Mogul, a startup that applies the crowdfunding model to real estate deals, has attracted $500,000 in seed funding. Investors pool their money to buy and then resell apartment buildings, commercial properties and other real estate, with returns averaging 5% to 20%. "I think crowdfunding makes more sense in the real estate space than any other because you have an asset secured by real estate," said co-founder Jilliene Helman.

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Los Angeles Business Journal (free registration) · TechCrunch

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