Income &:

Review and Ranking

Site ranking:

None.

Challenged (1 out of 10 stars)

Awards:

Tier:

None (out of 100+) Last year ranking: none.

What is Income & ?

IMPORTANT COVID-19 UPDATE: this info was posted before anyone knew we would be facing a global pandemic in the spring of 2020. So it may be missing crucial information necessary to making an effective investment today. Some of the information in it may be dated, no longer accurate and/or irrelevant. For information on analyzing investments in this new era, see: "How will Covid-19 / Coronavirus Affect my Alternative Investment Portfolio?"

"Income &" is an intriguing newcomer that specializes in residential mortgage debt.

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They have the positive a very low $100 minimum.

On the minus side,while they claim to have bankruptcy protection through a backup administrator, they could not say who it was and apparently it's a policy rather than actually protected in the contract. (in my opinion this is insufficient protection).

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Additionally, they suffer from similar flaws as Lending Home. They have a proprietary rating system with no historical data, so there's no way to know the actual risk of any of the investments. And it's impossible to do any true due diligence on the investments, because the company does not provide an address. Since they  have the opportunity to earn more money the more they originate, in my opinion, this is not a tolerable situation for an investor. I'm hoping they find some way to deal with this and if they do, they will receive a ranking in the next review.

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• Advantages: Very low minimum of $100.

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• Disadvantages: No contractually set backup administrator for bankruptcy protection. No way to do due diligence on the investments and have to rely on proprietary ratings that have no history.
   

• Accolades: None

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For more raw data on the site (including investor and sponsor fees, legal structure etc.), or to easily compare it with the data of competitors, see the feature by feature comparison matrix.

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Where can I discuss other Income& deals?

You can do this with thousands of other investors in the private investor club. While the club is free, membership is restricted to investors who have no business connections to sponsors or platforms. Also, all members must agree to keep all club info confidential by signing a nondisclosure agreement. Click here to join or get more info.

Who are Income& Competitors?

Here are the reviews and rankings for other similar sites.

• CrowdStreet

• 1031 Crowdfunding

• Real Crowd

• ArborCrowd

• Carlton Crowdfund

• Share States

• Roofstock

• Roofstock One

• SBRE Funds

• First Real Fund

• Realty Shares

• Equity Multiple

• Realty Mogul

• C.K. Mack

• Lending Home

• Holdfolio

• CityVest

• Prodigy Network

• Instalend

• Cadre

• All other sites (ranked and reviewed)
   

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• • 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.
     

  • Rankings/rating are general: In my opinion, every investor comes from a different risk tolerance and financial situation, so there's no such thing as a single investment or platform that's great for everyone. 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. 
    
    So, the site rankings/ratings are based on criteria which I feel are important to the broadest range of investors (transparency, volume, bankruptcy protection, etc). And even though I have my own personal, conservative, due diligence method (and talk about how the site's deals measure up in the "deep dive section"), I don't use my personal criteria as a factor in the rankings. So for example, a high ranking/rating doesn't mean that I would personally invest in a site (and vice versa). Click here to see what's in my own portfolio.

Have you used the above site before? What was your experience?

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Related:

• The quick guide to picking conservative real-estate deals

• Top 100+ accredited investor sites (ranked and reviewed)
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