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« on: April 01, 2016, 11:00:00 PM »
I am in about 200K between patchofland and realtyshares—been at it since early 2014. I have anywhere from 5K to 40K per deal (usually 10K). The 4 equity deals have returned an average of shit (~4%), while the debt deals have all paid out. I average about 11% before tax return on 12-24 month debt deals.
To be honest, the first position debt is relatively safe if you know the things to look for. It's the mez. debt that scares me (which of course comes with a higher APR). You'll get a schedule K for each investment at the end of the year.
If you choose to do equity, take all their optimistic numbers (sale price, rental income, etc.) and reduce them by 20-30%. Are you still happy with the return? If so, go ahead. I have two equity deals that are paying out 0$/month ATM because of income shortfalls.