Founded in 2014 by Aaron McDaniel, Tycoon RE was a real estate crowdfunding platform where people could group-fund real estate deals posted by those looking for capital.
Traditionally, investing in real estate has been expensive. Typically you need tens or hundreds of thousands of dollars to invest, creating high barriers to entry and making it difficult to follow the first rule of investing; to diversify. Tycoon simplified the process and allowed users to invest as little as $1000.
While they didn’t get an investment from the Sharks, after the episode aired five real estate crowdfunding platforms joined together to purchase Tycoon Real Estate – American Homeowner Preservation, Patch of Land, Peer Realty, CrowdFranchise, and EquityRoots. The specific details of the acquisition were not disclosed except to state that it was an all-cash transaction.
*Tycoon Real Estate was acquired in 2015