Discover Fundrise: Your Gateway to Generating Steady Income Through Commercial Real Estate
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Interested in making some passive income from the comfort of your home? Fundrise might just be the answer! Let me tell you more.
Fundrise is a big deal in real estate crowdfunding world. This platform, started in 2012, has now got over 1.9 million folks investing in it, with total assets over $7 billion! What’s cool is you can start with as little as $10, and that’s open to anyone in the US above 18.
Fundrise is all about letting you earn money from property but without the hassle. It got a solid track record with a good return on investment. You even get dividends every quarter!
In 2023 alone, they’ve taken on 294+ new projects and have finished 141+. Anybody, even beginners, can get into real estate investment affordably and easily with Fundrise.
Curious about earnings? Fundrise is a great source of passive income. Since their launch in 2012, Fundrise has paid over $300 million in dividends! Besides offering short-term income, Fundrise also looks at long-term growth, helping you build wealth in the long run.
Now, naturally, returns vary. However, Fundrise investors usually get yearly returns between 5.29% and 22.99%. After three years, this jumps to an average return of 32.8%!
Fundrise has different investment strategies to fit your needs, whether you want fixed income, core plus, value add or an opportunistic portfolio. You might receive dividends within weeks or opt for a longer investment horizon with higher profit margins, depending on your strategy.
If you’re wondering if Fundrise is better than a Real Estate Investment Trust or REIT, the answer’s yes! Fundrise has outperformed the S&P 500 index and public REITs for the last 6 years, though the shares are less liquid, meaning you can’t just sell them whenever you want.
Does Fundrise charge monthly fees? Yes, they charge an annual advisory fee and a management fee. Plus, they have the Fundrise Innovation Fund Fee and a Pro Subscription which costs $10 per month or $99 per year.
How long should you stick with Fundrise? The longer, the better! After 1 year, you get about 5.0% return and this increases to 83.8% after 7 years. But remember, if you sell before 5 years, there’s a 1% penalty fee.
If you’re keen on signing up, visit their website and register your email. If you do, you’ll also score Fundrise Pro free for 30 days, plus a $10 bonus on your first deposit!
As for tax, Fundrise dividend income is taxed as nonqualified dividends. They have an easy tax filing process, thanks to integration with TurboTax. All you need is your Fundrise account number and email.
Is Fundrise legit, you ask? Absolutely! With 1.9 million active investors, over $7 billion in assets, and a registration with the Securities and Exchange Commission (SEC), it’s a legit way to invest in real estate.
What about reviews? Folks on the Better Business Bureau (BBB) have given Fundrise an average rating of 3.7 out of 5.
To sum up, Fundrise is a great platform for anyone looking to get into real estate investment. Whether you’re a beginner or an old hand, it’s suitable for everyone.
Now, on to some FAQs. You don’t need to be rich or an accredited investor to use Fundrise. And if you’re thinking of making money monthly, remember that they payout quarterly, not monthly. When it comes to selling your shares, you can submit a request, but it gets reviewed quarterly. Also, as of 2023, there are no halal-compliant investments on Fundrise. Lastly, as with any investment, investing in Fundrise comes with risks. But compared to other investments, it has had fewer negative quarters over the last 6 years.
