Crowdfunding The Purchase Of A House · 9:54am Aug 14th, 2020
Crowdfunding The Purchase Of A House
For people looking to buy a home there are a few crowdfunding sites where you can crowdfund the purchase of a home rather than taking out a loan. It's a really cool concept I hope more people will use.
Basically you list the goal you are trying to reach to fund the purchase of the home and get people to donate until you reach the goal.
Many people are using this method in place of a wedding registry or other major life event where people raise money for schooling or baby showers or ect. Instead of registering for regular gifts for the party or life event, they crowdfund for the purchase of a home which is an excellent alternative and more lucrative in the long run.
There are more details about crowdfunding the purchase of a house in this article here: https://www.cnbc.com/2017/10/05/a-new-way-to-buy-a-home-crowdfunding-the-down-payment.html
