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 Crowdfunding website that allows anybody to participate in real estate deals posted by anyone looking for finance.

Crowdfunding has risen in popularity over the years, but investing in real estate is a completely new method to make money.

Tycoon Real Estate inventor and CEO is entrepreneur Aaron McDaniel. Tycoon Real Estate can function similarly to other Crowdfunding platforms according to the Jumpstart Our Business JOBS Act of 2012.

This implies that, in the case of Tycoon Real Estate, you could hypothetically invest in massive real estate assets in the hottest areas in the United States of America for as little as $1,000.00.

Who is the founder of Tycoon Real Estate?

Aaron McDaniel is the founder and CEO of Tycoon Real Estate. McDaniel, formerly one of AT&T’s youngest ever VPs, launched the site following the passage of the JOBS Act in 2012, which permits non-accredited investors to fund small private enterprises online.

Tycoon Real Estate’s Crowdfunding approach is straightforward. Simply go to the Tycoon Real Estate website and go through the listings, which are graded on a scale of 1 to 5.

Listings include an estimate of the estimated rate of return. When you locate a property you wish to invest in, click on it, and a Tycoon Real Estate agent will call you within 24 hours to finalize the transaction.

All “paperwork” is completed online, and monies are sent electronically. When you consummate a transaction, you become a “partner” in a limited liability corporation that owns the property.

Profits are dispersed to “shareholders” once a transaction is concluded. Tycoon Real Estate is now active in the thriving real estate market in San Francisco.

What Happened to Tycoon Real Estate at Shark Tank pitch?

In Shark Tank episode 620, serial entrepreneur Aaron McDaniel pitches Tycoon Real Estate, a real estate Crowdfunding platform.

McDaniel wants to expand into other areas and hopes to speed up the process with the aid of a Shark.

Aaron enters the Shark Tank pitch for $50,000 in exchange for a 5% stake in his firm, which is worth $1 million.

He describes the operation of Tycoon Real Estate and real estate Crowdfunding. Mark instantly expresses his displeasure and leaves. He guides the Sharks through one of the site’s transactions. He believes we are on the verge of a new age.

Aaron explains how each investment works to Robert, who wants to know how he receives his money back. Tycoon Real Estate charges a 1.5% commission. Tycoon Real Estate has completed two transactions to demonstrate the idea.

Kevin says he can go purchase a REIT, but Aaron thinks they aren’t seductive; he believes that people have a stronger relationship to actual property.

Robert believes that anyone interested in investing in this should be more cautious. Crowdfunding, according to Mark, entices individuals who cannot afford it.

Lori doesn’t like the notion; she feels it’s hazardous and uneasy, so she goes out. Barbara believes that any real estate investment is dependent on the main developer; she also believes that it is risky; she is out.

Kevin claims to understand the hardship of handling other people’s money. Kevin offers $50,000 for a 50% stake in the company, but he wants to rebrand it under his own name. Aaron rejects and eventually walks away from the pitch without a deal.

What Happened to Tycoon Real Estate after Shark Tank?

After the presentation, Aaron did receive some investor enquiries, but they all faded. He tried to pique people’s interest in the Tycoon Real Estate brand but received little reaction.

Aaron received a rescue package in November 2015 as a result of the efforts of long-standing adversaries. The company was bought out by five real estate Crowdfunding portals for an undisclosed sum.

The group, led by ‘Patch of Land,’ aimed to prove the sharks wrong and persuade investors that crowd-funded real estate is the way of the future.

Patch of Land CEO Jason Fritton wanted to clear up any misconceptions about the business and expressed thanks for the industry’s increased awareness as a result of Aaron’s involvement on the show. However, as of 2021, the consortium’s objectives appear to have faded.

For a long period, the Tycoon Real Estate website was inactive. The social media profiles, on the other hand, continue to garner press and media attention; the corporation is now little more than a name.

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 company valuation was $1 million during and after the pitch. Since then the company went out business and hence the company net worth is not available.

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.