Love stars
DERetirement For years, I've been trading in search of the ideal platform to increase my retirement savings. I made the decision because they seemed ideal. Unfortunately, it turned out I almost got ripped off! My money was disappearing from my account and emptying it. Thankfully, “Calmo “shub“ assisted me in getting my retirement money back, found the missing monies, and forewarned me about future deals. It's a relief, and I've decided to invest safel.
Todd Powell
GBNot so fast with Crowdstreet investing Some of their proven sponsors are failing clients. We lost $10K with a very proven sponsor and we can blame that on COVID if we want to. They lack solid management and direction it appears to me. Just my personal experiences and I have roughly $4 million is RE equites. I believe other investors will be losing money as well right now with “proven” sponsors due to headwinds we are facing in the economy. The RE deals just are not attractive and CS as a company seemingly lacks direction to pivot and face these challenges. This platform is not as shiny as one may believe and I own 100 doors on my own. I found another group called SNS capital who is not on CS or any other site who seems more prudent and disciplined and I have enjoyed the investment. My advice is to be wary looking to the future of the CS site.
Ketan Shah
GBZero accountability I have significant investments in various offerings via Crowdstreet. I am very very disappointed with the working of crowdstreet (CS) and I feel CS is falling really short on its fiduciary duties. CS has asked Sponsors to submit a quarterly report but most of these quarterly reports are meaningless. They don't provide any relevant information. For e.g. one investment sends their financial details but no explanation on why they are off budget (expect 2M net income, actual is < 0.5M). Many investments are making capital calls. These capital calls are after we are told everything is going very well. When a capital call is made, I expect CS to ask for completely new set of documents which lays out pay back time period. I have not seen this available or at least not in any easily consumable format. It is buried in new operating docs. CS is overselling who is tenured sponsor and experienced sponsor. We are expected to take what the sponsor provides at its face value which may not be true. As it stands today, I would not do any investments via CS.
venkat v
GBOffers look good but Horrible customer service. I usually invest on RealtyMogul platform and whenever I needed them I could always reach my advisor. Then I thought I should research other platforms and came across Crowdstreet. Really liked their offerings committed on 2 properties. Did verify with them as accredited investor. BUT I COULD NOT TRANSFER FUNDS AS INDIVIDUAL INVESTOR. Tried reaching crowdstreet customer service by phone email chat . No one calls back even always leave a voice mail. Then we were very concerned and decided to back off . If they don’t provide CS to a potential customer how can I expect them to take my call if my investment is in trouble?
M. Shah
GBPlease do not invest with CS Please do not invest with CS, they look to me completely broke. Please do not invest with CS. I am trying to login my account and cannot for more than one week. Nobody is returning the phone or email address. I am locked out my account during the tax period for more than 10 day . Do not invest with them, they are broke financially.