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 & ?
"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.
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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.
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Accolades: None
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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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.