WHETHER it s tracking steps for a workout or booking a flight online, we re all aware that technology has made us more connected than ever.
However, the Information Age has changed a lot more than our fitness routines and travel plans it has completely transformed how we see the world.
Through the invention of online investment tools like crowdfunding, technology has significantly affected how we interact both with each other and with our money.
Recently, the international real estate market in particular has been revolutionised by the advent of crowdfunding, which has brought new life to the industry s formerly outdated investment practices.
Each day, more and more real estate investors are turning towards crowdfunding to conduct their transactions. In fact, real estate crowdfunding (especially global investment) is the fastest growing segment of crowdfunding, having expanded more than 156% through 2013-2014.
With the total size of the real estate crowdfunding market now at over $11 trillion, the growth of platforms is radically changing the rules of the real estate game as we ve known it.
By opening the floodgates to market information, online platforms are levelling the international playing field, giving minor league and rookie investors a shot at the big leagues, safely.
However, it s important to stress that not all crowdfunding portals are created equal. While most are very secure and credible, some platforms can provide inaccurate or dishonest investment information due to either their lack of experience or integrity.
As an investor, it is imperative to know which platforms to pursue, and which to avoid.
You should know exactly what a legitimate real estate platform looks like by fully understanding how one should operate. If you want to see your investments thrive and grow, it s crucial to gather the most current information about your targeted markets.
Real estate platforms should provide constant access to expert information, allowing you to acclimatise to the market s natural ebb and flow as needed.
Your platform should also allow you to better plan strategically before making any investment decisions by providing you all the resources necessary to do proper and extensive research.
This way, you can prepare to take on any unforeseen situations or market instability.
Unfortunately, most people who invest in international properties lose their initial investments because of inaccurate or incomplete information. But as long as you do your homework, it s easy to dodge the bad properties or partners.