Jim B.
Jim B.
Rhode IslandMember since September 2018

Reviews (1)


    • Sep 26, 2018
    • Verified Reviewer

    RealtyShares

    28% loan defaults within 12 months

    After making 30+ investments with RealtyShares in the range of $15k to $20k each, I have experienced a 26% to 32% loan default since 2016 to present in September 2018. This has essentially diminished my investment return to a NET LOSS. Many of the properties do not pay out for 1+ years after RealtyShares accepts the funds from its investors and even investments that manage to pay monthly only manage to do so before they go into default. Also, RealtyShares has not been able to return any principle on the default properties to this date since they continue to extend deadlines further and further to these deadbeat borrowers they manage to find over and over. In all, I have not been happy with all the work and efforts I have put in, to find out RealtyShares is promoting loans to borrowers who go into default shortly after they are given investor funds.

    Bottom Line: No, I would not recommend this to a friend

    7 people found it helpful

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