A fundraising platform lets homebuyers create a shareable donation page where friends and family contribute toward down payments by credit card, replacing traditional gift letters. The speaker uses wedding registries as an example of how people already crowdfund major life events.
If you choose to do something consistently and you actually execute and do it consistently, you will be successful. This is one of those things that if you do this consistently, it actually helps you execute, because it tells you every time somebody donates to your borrower's account. So this is a fundraising platform for down payment. Anybody ever heard of that before? Out in the world, home funded is really phenomenal. You can help your borrower set up a website. You set up your realtor website. We, we can send the link to the borrower. They set up their story. We're getting married in nine months. We don't need towels or plates or sheets or glasses. What we need is a house. And we are asking you to donate to the purchase of our house. No gift letters, no bank statements. They with a credit card, they go onto the website and they donate.
