So it may be missing crucial information necessary to making an effective investment today. Note: Since the 2 principals of DiversyFund Inc also ran a previous real-estate investment firm, it is being included in this review. Both companies have operated from the domain name: DiversyFund.
CCFG did not admit to or deny any of the charges. BRE did not hold a hearing to determine the validity or invalidity of the charges. And Ceclio may reduce license suspension by another 30 days if he completes certain continuing education courses on trust fund accounting and handling and have no further violations for 2 years. Per the Better Business Bureau: "The company stands accused of secret profit or undisclosed compensation, use of false or Fictitious Business Names, failing to submit independent audit report, failing to file with the BRE the Quarterly Threshold Reports, failing to supervise the real estate activities of the company, inaccurate and incomplete trust fund records, inaccurate and incomplete recording of separate record for each beneficiary or transaction, and failing to maintain the monthly reconciliation of all the separate records or transactions to the balance of the record of all trust funds received and disbursed.
Fortunately it did recover. They would have ranked higher, had they not chosen to withhold their sponsor fees from us. Knowing this information is important to investors, because it enables them to see the true total cost the marketplace imposes on each investment. We hope that the company reverses their policy about this in the future, and becomes more transparent.
Advantages : Access to residential real estate equity, some bankruptcy protection , no fees on direct investments only. Funds have underlying fees. Disadvantages : transparency issues:DiversyFund would not reveal their sponsor fees. You can do this with thousands of other investors in the private investor club.
Click here to join or get more info. Real Crowd. Carlton Crowdfund. Share States. Roofstock One. SBRE Funds. First Real Fund. Realty Shares. Equity Multiple. Realty Mogul. Lending Home. Prodigy Network. All other sites ranked and reviewed. The quick guide to picking conservative real-estate deals. Code of Ethics: To maintain objectivity, I do not accept any money from any sponsor or platform for anything including affiliate ads, advertising etc.
See code of ethics for more. Personal opinion only: All info is my personal opinion only as an investor. I am not a registered financial advisor, attorney or accountant. Always do your own due diligence and consult with your own licensed professionals before making any investment decision. Information is believed to be correct but may have errors, so use at your own risk. If you find an error, please let me know. There are many deals that aggressive investors love, which I won't touch, and vice versa.
And every investor has their own way of doing due diligence. I believe there's no one right way to do it. Click here to see what's in my own portfolio. Ian Ippolito is an investor and serial entrepreneur. Ian was impressed by the potential of real estate crowdfunding, but frustrated by the lack of quality site reviews and investment analysis.
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I'm just an investor and not an attorney, accountant, or certified financial advisor. To maintain neutrality: I do not own a portion of any of the companies reviewed. What is DiversyFund? Who are DiversyFund Competitors? Visit DiversyFund. DiversyFund: Review and Ranking. Site ranking:. About Ian Ippolito. More information.