REI160: The Fundrise Approach w/ Ben Miller
The Intrinsic Value Podcast - The Investor’s Podcast Network
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What Are You Doing Differently Now?
I was worried that so syndication in real estate means you raise money from people for a deal. And it's an old fashioned way of doing real estate. The single deal structure is brittle. It doesn't allow you to have a dynamic. If you think a real estate has a business, not as a piece of property as a brick, then you would see why it might need more money and needs to be flexible. So we moved to the fund model in 2015. We lost half our customers. Half our customers said, well, we don't want fun. We want deals. I'm too risk averse. I don't want to be doing just deals. That was painful.
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