Exploring Fundrise and RealtyMogul: The Untold Secrets of Passive Real Estate Investment.
If you’re looking to grow your money pile, you might have thought about jazzing up your investment portfolio with a bit of real estate. Sounds like challenging work, right? Not really – thanks to a cool thing called real estate crowdfunding. The good part is, it doesn’t even cost an arm and a leg to get into it. The tricky part is choosing the right platform to invest from. Two top options are Fundrise and RealtyMogul. Let’s dig deeper into these two.
Fundrise and RealtyMogul are both highly respected real estate crowdfunding platforms, but they have some differences. Fundrise lets you kick-off with as little as $10. RealtyMogul, on the other hand, requires a starting minimum of $5,000. Both offer choices based on your specific goals, such as long-term growth or steady income, and have a solid reputation in the industry.
Fundrise has been around since 2012 and has become super popular. It has raised over $1 billion from more than 150,000 investors. The money raised is then used to get in on real estate projects like fancy condos and commercial office spaces across the country. The average investment is about $5,000, and the annual returns have typically been between 10% to 14% over the past six years.
RealtyMogul is an equal contender, also founded in 2012. It may not have raised as much as Fundrise, but an impressive half a billion dollars nonetheless, which enables everyone to join in lucrative property investments traditionally only accessible to the very rich.
When looking at fees, both Fundrise and Realtymogul charge about 1% annually. However, there may be other fees to consider based on the type of investment on RealtyMogul.
Fundrise offers various account tiers with different features, levels of investment, and accessibilities—starting from the $10 beginner account that is open to all, up to the $100,000 Premium account for accredited investors only.
Like Fundrise, RealtyMogul also offers investment options for accredited and non-accredited investors, with a minimum amount of $5,000. It has options like income-specific REITs and private placements for accredited investors looking for high rewards despite high risks.
Security-wise, both platforms have stringent measures in place to keep your data secure. Fundrise uses AES bit symmetric keys for securing investor information, whereas RealtyMogul boasts robust encryption, firewalls, and proactive monitoring of system infrastructure for potential threats.
So which is the better option, Fundrise or RealtyMogul? Well, that depends on your investment goals, risk appetite, and timeline. If you’re after a balanced mix of growth and income from your investment and can hold onto it for at least five years, go for Fundrise. If you have a bigger appetite for high-risk, high-reward investments and can invest for a medium to long term, RealtyMogul could be your platform of choice.
In the end, it all comes down to what works best for you. So take some time to think about it, and happy investing!
