Invest in Real Estate Deals with Tycoon Real Estate
Real estate investing has been a proven way to build wealth for centuries. However, the traditional barriers to entry, such as high capital requirements and limited access to deals, have kept many potential investors out of the market. Enter Tycoon Real Estate, a real estate crowdfunding platform that allows investors to pool their money to fund real estate deals. In this article, we will explore Tycoon Real Estate, its founding, its appearance on Shark Tank, and its current status.
Tycoon Real Estate was founded by Aaron McDaniel in 2013, a seasoned businessman and entrepreneur. He was in the top one percent of sales managers for AT&T and served as one of the company’s youngest regional vice presidents. He has also written two books with other young professionals: “Young Professionals Guide to the Work World” and “Young Professionals Guide to Management.”
He saw a way to open up real estate ventures to those who didn’t have the financial resources to invest in them on their own.
Tycoon Real Estate: From Shark Tank to Crowdfunding Success
Tycoon Real Estate went on the 2015 season of “Shark Tank“ looking for a $50,000 investment in exchange for 5% of the firm. Despite McDaniel’s assurances, the Sharks were skeptical of his company.
When Robert Herjavec inquired about the safety of his investment, McDaniel walked him through how Tycoon makes money. The site makes money by taking a 1.5% cut of each investment. The Sharks, though, were not persuaded.
Mark Cuban said that real estate attracts those who can’t afford it, while Kevin O’Leary said he’d rather invest in a REIT than McDaniel’s firm. Real estate investing was seen as risky and unproductive by Robert Herjavec, Lori Greiner, and Barbara Corcoran, respectively.
To McDaniel’s credit, Kevin O’Leary did make an offer of $50,000 in exchange for 50% ownership of the firm, but only on the condition that it be renamed after O’Leary. McDaniel said no, therefore there was no agreement to produce the program.
McDaniel is still committed to expanding his company, despite the fact that Tycoon Real Estate was unsuccessful on Shark Tank. In 2019, real estate crowdfunding platform Patch of Land bought Tycoon Real Estate.
Tycoon Real Estate has thrived after the change of ownership. By January 2023, the platform would have distributed over $10 million to investors after purchasing properties worth over $400 million. In the near future, Tycoon Real Estate also intends to enter new markets and provide novel investment solutions.
Investors and media outlets have both spoken favorably about Tycoon Real Estate. Forbes recognized it as a leading platform for real estate crowdfunding in 2021, and it has been highlighted in other media outlets including Business Insider and CNBC.
As a stand-alone company, Tycoon Real Estate is no longer operating. Nevertheless, Patch of Land bought its platform and operations and now runs under that company’s name. Patch of Land is a real estate crowdfunding platform that has bought over $400 million in properties as of January 2023.
Tycoon Real Estate’s Range of Investment Options
Users of Tycoon Real Estate have access to many investment options across a wide spectrum of real estate transactions. You may invest in anything from a single-family rental home to a huge apartment building, a business, or even vacant land. Investors may spread their risk over many transactions or zero in on a single high-yield asset. In this way, investors may tailor their holdings to meet certain objectives…Read More
Source: News Knol
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