The Internet has opened new vistas for the potential homeowner. People-to-people / peer-to-peer (P2P) lending has become the latest in the acquisition of money and investment trends. But reliable, if it is safe, and what are the implications of defaults on loans taken out in cyberspace?
Prosper started with a simple premise: Connect people with the funds and the willingness to invest them with people who are in need of funds and willing to pay interest on them. Add to that area for people to explain why they should be the one that you invest in and you have a system that, under ideal circumstances, both favorable and strangely intimate.If you are interested, you can do peer to peer investing via https://crowdfunding-platforms.com.
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Home equity shares (homeequityshare.com) is one of them. The idea is that you, the buyer, want to put 20% above the house of your choice. The problem is that now you have 0%. Or 5% or 10%, but nowhere near the magic 20%.
Enter home equity share, which happens to have people who want to invest in real estate, but do not want to have to deal with the home. They lend you the amount you need (through HES) and you both agree on how the money would be repaid. You may end up buying a stock investor you are or splits profits from the sale.
In fact, it might be more complicated. P2P loans online are still to be ironed out.Companies like community lend (communitylend.com) is being hindered by the difficulty of regulation. The problem is that we are still waiting to see what is keeping Canada from utilizing P2P networks.