Feb 19, 2017
RealtyShares was my main platform starting out. I have made 8 investments with them: 2 have completed successfully, 2 have completed unsuccessfully, 1 is in progress doing well, and 3 are in progress doing badly. It may just be bad luck or bad judgement on my part. 3 of the problems are with one sponsor, TriWest.
They don't prefund and don't seem to put your $ to work quickly. Even when a simple debt deals goes as planned, the IRR is a fraction less than advertised, I think it's because they take your money early and don't put it right to work.
I will not use RS anymore..