Income & 2023 Review and Ranking
Challenged (1 out of 10 stars)
What is Income & ?
To avoid the financial conflicts-of-interests that are rampant on virtually every other review site, I DON'T accept any money from any outside sponsor or platform for ANYTHING (including but not limited to affiliate ads, advertising etc.). See code of ethics for more.
This company is no longer in business. Its previous review is kept below for historical purposes.
"Income &" is an intriguing newcomer that specializes in residential mortgage debt.
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).
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.
Advantages: Very low minimum of $100.
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.
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About Ian Ippolito
Ian Ippolito is an investor and serial entrepreneur. He has been interviewed by the Wall Street Journal, Business Week, Forbes, TIME, Fast Company, TechCrunch, CBS News, FOX News, USA Today, Bloomberg News, Realtor.com, CoStar News, Curbed and more.
Ian was impressed by the potential of real estate crowdfunding, but frustrated by the lack of quality site reviews and investment analysis. He created The Real Estate Crowdfunding Review to fill that gap.
Code of Ethics: To maintain objectivity, I do NOT accept any money from any outside sponsor or platform for ANYTHING (including but not limited to 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 an attorney, nor an accountant, nor your financial advisor. 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.
Ratings 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 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 ratings. 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.
This site has been ranked and reviewed as part of our in-depth, 100+ site industry review. All data is believed to be correct, but may have mistakes. Please contact us if you notice one. All non-data (including rankings, investor comment summaries, etc.) are my opinion only. 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.