Tycoon Real Estate Shark Tank Update | What Happened to Tycoon Real Estate after Shark Tank?

What is Tycoon Real Estate?

Tycoon Real Estate is a platform that allows individuals to invest in real estate deals through crowdfunding, which is a new way to make money.

The CEO of Tycoon Real Estate is Aaron McDaniel and it operates similarly to other crowdfunding platforms as per the JOBS Act of 2012.

This means that on Tycoon Real Estate you can potentially invest in large real estate properties in desirable locations in the US for as little as $1,000.

Who is the founder of Tycoon Real Estate?

The founder and CEO of Tycoon Real Estate is Aaron McDaniel, a former VP at AT&T. He established the platform after the JOBS Act of 2012, which allows non-accredited investors to invest in small private businesses online.

The process of investing on Tycoon Real Estate’s Crowdfunding platform is simple. Users can visit the website, browse listings that are rated on a scale of 1 to 5, and view an estimate of the expected return.

To invest in a property, one can click on the listing and a Tycoon Real Estate agent will contact you within 24 hours to complete the transaction. All the paperwork is done online and the funds are transferred electronically.

When you invest, you become a partner in a limited liability corporation that owns the property, and the profits are distributed among shareholders once the transaction is closed. The company currently operates in the San Francisco real estate market.

What Happened to Tycoon Real Estate at Shark Tank pitch?

In Shark Tank episode 620, Aaron McDaniel, the founder and CEO of Tycoon Real Estate, a real estate Crowdfunding platform, pitches his business to the Sharks.

He is seeking $50,000 in exchange for a 5% stake in his company, which is valued at $1 million. He explains the concept of real estate Crowdfunding and how Tycoon Real Estate operates.

Mark Cuban expresses his dissatisfaction and exits the pitch immediately. Aaron guides the remaining Sharks through a demonstration of a transaction on the platform, stating his belief in the new era of real estate crowdfunding.

Robert Herjavec asks about the process of getting money back, and Aaron explains that Tycoon Real Estate charges a 1.5% commission. The company has completed two transactions to showcase the idea.

Kevin O’Leary expresses that he can invest in REITs, but Aaron argues that people have a stronger connection to actual property. Robert and Lori Greiner express their concerns about the riskiness of the business, and both leave the pitch.

Barbara Corcoran also believes it is risky and dependent on the developer, so she also exits. Kevin O’Leary offers $50,000 for a 50% stake in the company but with the condition of rebranding it under his name, but Aaron declines the offer and walks away without a deal.

What Happened to Tycoon Real Estate after Shark Tank?

Despite initial interest from investors, Aaron was unable to generate significant interest in his business.

In November 2015, the company was bought out by a group of five real estate crowdfunding portals, led by Patch of Land, with the goal of promoting crowdfunded real estate as the future of the industry.

However, by 2021, the consortium’s efforts appeared to have been unsuccessful, and the Tycoon Real Estate website was inactive.

Despite this, the company’s social media profiles continued to receive attention from the press.

Competitors of Tycoon Real Estate

There are other sites that offer similar services to Tycoon Real Estate. These are Patch of Land and Realty Mogul.

Net Worth of Tycoon Real Estate

The net worth of Tycoon Real Estate is not currently known, as the company went out of business after its valuation of $1 million at the time of its pitch on Shark Tank.

Tycoon Real Estate FAQs

What is Tycoon Real Estate?

Tycoon Real Estate is a real estate Crowdfunding service that allows people to participate in real estate deals posted by anyone looking for finance.

Who is the founder?

Aaron McDaniel is the founder and the CEO.

How much was seeking on Shark Tank?

McDaniel was seeking for $50,000 for 5% stake of his company, worth $1 million.

Did he have the deal?

No, he didn’t have the deal on Shark Tank.

Is Tycoon Real Estate still in business?

No, Tycoon Real Estate is not in business any more.

Where is Tycoon Real Estate located?

Tycoon Real Estate is based in San Francisco, CA.

What is the return rate?

The return rate varies from listing to listing and the individual’s risk tolerance.

How much is the minimum investment?

There is no requirement of a minimum investment to become a partner with Tycoon Real Estate. All investor need is $1,000 and they can get their hands on $1 million in property.

Is Tycoon Real Estate a scam?

It is not a scam. The company is legit.

Is Tycoon Real Estate safe to invest in?

There is no risk involved since there are teams of agents to assist them throughout.

What is Tycoon Real Estate like?

Listings include an estimate of the estimated rate of return. When investor locate a property they wish to invest in, click on it, and a Tycoon Real Estate agent will call them within 24 hours to finalize the transaction. All “paperwork” is completed online, and monies are sent electronically.

What episode is Tycoon Real Estate?

Tycoon Real Estate was featured on season 6 episode 620.

Is Tycoon Real Estate investor friendly?

Yes, Tycoon Real Estate is investor friendly.

How do I pay Tycoon Real Estate?

Investors can pay their Tycoon Real Estate investment via bank transfer or they can choose to pay in cash.

What is Tycoon Real Estate website?

Tycoon Real Estate official website is http://tycoonre.com, but it’s now working.

How does Tycoon Real Estate make money?

The company charges its investors with 1.5% commission and a $15 processing fee directly to the agent once they’ve completed the deal.

How many Tycoon Real Estate listings exist?

It is not known how many Tycoon Real Estate listings there are currently, but a 2013 report said that there were 156 million listings globally each year.

Where can I find Tycoon Real Estate reviews?

There are no reviews about Tycoon Real Estate on the Internet as of December 2016.

Is Tycoon Real Estate an MLM?

No, Tycoon Real Estate is not an MLM.

Does Tycoon Real Estate offer discounts for referrals?

No reviews about Tycoon Real Estate refer a friend bonus program have been posted online.

What is the net worth of Aaron McDaniel?

The net worth of Aaron McDaniel is not available.