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I have invested in 4 Peer Street loans. The appeal to me is the transparency. All of their previous loans have been paid off. Compare to realtyshares.com where
by baccredited 10y ago
I have invested in 4 Peer Street loans. The appeal to me is the transparency. All of their previous loans have been paid off. Compare to realtyshares.com where it is impossible to judge the past performance of old loans.
I'm drawn to these kinds of investments because they (hopefully) aren't tightly correlated to the stock market. And, unlike Lending Club, they are secured loans that are tied to property that can be liquidated if the borrower defaults.
Mr. Money Mustache had a writeup on Peer Street this week:
http://www.mrmoneymustache.com/2016/05/02/peerstreet/ http://www.mrmoneymustache.com/2016/05/02/peerstreet/