IAG Posted July 29, 2016 Report Share Posted July 29, 2016 Fundrise or similar crowdfunding investing in real estate? I know we talked about Prosper, and a few had experiences there. I assume if there is money to be made, WVU and others would have evaluated already. Hoping for input. I Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted July 29, 2016 Report Share Posted July 29, 2016 WVU looking into it. Money to be made. Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 I have looked into it, albeit briefly. Looked kinda sketchy with too much lack of control Quote Link to comment Share on other sites More sharing options...
IAG Posted July 29, 2016 Author Report Share Posted July 29, 2016 I have looked into it, albeit briefly. Looked kinda sketchy with too much lack of controlBummer. Thanks. Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 Bummer. Thanks.great topic, though. Let's get some more info. I clicked on some facebook advert and spent maybe 10 minutes browsing the site. I think they wanted me to download an app which is probably on my ipad (not with me) Quote Link to comment Share on other sites More sharing options...
TerraFin Posted July 29, 2016 Report Share Posted July 29, 2016 Not much data available yet, but didn't fundrise return something like 11%, last year? Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 Not much data available yet, but didn't fundrise return something like 11%, last year?the website touts 12-14% but does that really mean anything? Fundrise Investment Guidelines & Earnings InvestingFundrise investor accounts are free, and you’ll be able to invest as an individual or as an entity. Minimums can be as little as $5K and you’ll earn returns averaging 12-14%.Fundrise investments also feature rolling maturity dates with an average of 1-2 years, which means you’ll have periodic liquidity instead of being locked in indefinitely.Each Fundrise investment is handled through the company’s simple and secure online process, which includes e-sign documents and the ability to transfer funds via electronic check.Once an investment project is complete, you’ll have the ability to reinvest your earnings in future offerings. Raising CapitalIf you have a real estate project that requires funding, Fundrise can help there, too.Your project will go through the same approval process noted above. Once you receive approval, Fundrise can fund up to 90% of your project, up-front, in as little as 2 weeks.Fundrise’s projects can encompass single-family homes, mid-market commercial, and large transaction real estate projects, with annual rates averaging between 8% and 18%.Before you get too excited though, will you even be able to invest in any of Fundrise’s projects? Fundrise’s Accreditation RequirementIf you read through the main sections of the Fundrise website, you could certainly be forgiven for thinking that just about anyone can invest in their real estate projects.It even seems like one of the main selling points on their About page is that Fundrise allows everyone “not just accredited investors—to invest for as little as $100.” You’ll even be able to invest in projects in your very own neighborhood!According to Fundrise’s Blog though, “the majority of real estate companies will opt to use Regulation D Rule 506, a more traditional offering type, limited to accredited investors.”What’s this mean? Unless you sign up for their mailing list and wait patiently for an unaccredited offer to come through, you’ll need to be accredited in order to investment in the vast majority of their projects. In fact, since opening their doors in 2010, Fundrise has only provided 1,200 unaccredited investors access to their projects (compared with 61,000 total members).This means you’ll meet at least one of the following criteria:Have to earn $200K+ per year as an individual, or $300K+ per year with joint spousal income.Have a net worth of $1,000,000+.Be a “bank, insurance company, registered investment company, business development company, or small business investment company.”Be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.Be a business in which all the equity owners are accredited investors.Be an employee benefit plan, a trust, charitable organization, partnership, or company with total assets in excess of $5 million. Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 Fundrise’s projects can encompass single-family homes, mid-market commercial, and large transaction real estate projects, with annual rates averaging between 8% and 18%. whoa, thats a shit ton of interest Quote Link to comment Share on other sites More sharing options...
IAG Posted July 29, 2016 Author Report Share Posted July 29, 2016 Not much data available yet, but didn't fundrise return something like 11%, last year? That's what their website said. It seems like I looked at this a while ago, but can't remember much. Seems like there were a lot of conditions to be able to invest...You may have had to represent a certain amount of wealth or knowledge about investing, similar to getting margin or options approved? but it says you can get in for $1000. I can't take too much risk right now, but one percent in a savings account or money market is driving me crazy. Now that I have reduced/eliminated betting for a minute, I figure it's a good time to start looking at things. I figured if there was something good going on here, WVU would know,...Maybe somebody else has some insight. Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 That's what their website said. It seems like I looked at this a while ago, but can't remember much. Seems like there were a lot of conditions to be able to invest...You may have had to represent a certain amount of wealth or knowledge about investing, similar to getting margin or options approved? but it says you can get in for $1000. I can't take too much risk right now, but one percent in a savings account or money market is driving me crazy. Now that I have reduced/eliminated betting for a minute, I figure it's a good time to start looking at things. I figured if there was something good going on here, WVU would know,...Maybe somebody else has some insight.see post 7. Ridiculous conditions listed:Have to earn $200K+ per year as an individual, or $300K+ per year with joint spousal income.Have a net worth of $1,000,000+.Be a “bank, insurance company, registered investment company, business development company, or small business investment company.”Be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.Be a business in which all the equity owners are accredited investors.Be an employee benefit plan, a trust, charitable organization, partnership, or company with total assets in excess of $5 million. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 29, 2016 Author Report Share Posted July 29, 2016 Fundrise’s projects can encompass single-family homes, mid-market commercial, and large transaction real estate projects, with annual rates averaging between 8% and 18%.[/size] whoa, thats a shit ton of interest[/size] Yeah it is. I don't meet the criteria for being unaccredited as stated above. I'll have to look more at it. Maybe there are other companies with not such tight criteria. I just skimmed the post. Sounds like you can still invest maybe not with the best projects though? I'll have to read again/more. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 29, 2016 Author Report Share Posted July 29, 2016 see post 7. Ridiculous conditions listed: Have to earn $200K+ per year as an individual, or $300K+ per year with joint spousal income.Have a net worth of $1,000,000+.Be a “bank, insurance company, registered investment company, business development company, or small business investment company.”Be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.Be a business in which all the equity owners are accredited investors.Be an employee benefit plan, a trust, charitable organization, partnership, or company with total assets in excess of $5 million. Yeah I was posting on this as you posted this. See above. Fok. Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 those have to be shitty projects to be collecting 8-18% interest. And the way the investors are vetted, it just doesn't make sense. Sounds scammy Quote Link to comment Share on other sites More sharing options...
IAG Posted July 29, 2016 Author Report Share Posted July 29, 2016 those have to be shitty projects to be collecting 8-18% interest. And the way the investors are vetted, it just doesn't make sense. Sounds scammy Agreed. Quote Link to comment Share on other sites More sharing options...
WVU Posted July 29, 2016 Report Share Posted July 29, 2016 Agreed.IAG, I think what they really want is access to all these rich people who have money to invest. They aren't building skyscrapers with loans at double digit interest rates. Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted July 29, 2016 Report Share Posted July 29, 2016 Quote Link to comment Share on other sites More sharing options...
FairWarning Posted July 29, 2016 Report Share Posted July 29, 2016 IAG, I think what they really want is access to all these rich people who have money to invest. They aren't building skyscrapers with loans at double digit interest rates.These are the type of deals that pro athletes lose their asses on. Quote Link to comment Share on other sites More sharing options...
davidbrown Posted August 9, 2016 Report Share Posted August 9, 2016 Investment in real estate projects no doubt are risky but if the project is doing well, you will recover your invested amount by way of receiving dividends. I invested in a real estate project with the advice of my friend , who is working with http://crowdfund.co/real-estate/ . The project starts doing well from the starting and my invested amount is recovered within 8 months. If you are investing in any project, it will always be better to take the advice of the advisor relating to the field, as they have complete knowledge on the subject and they'll always guide you in the right direction. Quote Link to comment Share on other sites More sharing options...
WVU Posted August 9, 2016 Report Share Posted August 9, 2016 Investment in real estate projects no doubt are risky but if the project is doing well, you will recover your invested amount by way of receiving dividends. I invested in a real estate project with the advice of my friend , who is working with http://crowdfund.co/real-estate/ . The project starts doing well from the starting and my invested amount is recovered within 8 months. If you are investing in any project, it will always be better to take the advice of the advisor relating to the field, as they have complete knowledge on the subject and they'll always guide you in the right direction. Sounds like bullshit to me. Your "advisor" is there to make money which means he is there to convince you to invest more and more. None of the crowd funding places I have read about will allow you to recover your invested amount in 8 months. What real estate project did you invest in? Let's get some specifics. Quote Link to comment Share on other sites More sharing options...
jennifergrey Posted September 23, 2016 Report Share Posted September 23, 2016 With the advice of my friend who is working in a similar company, I invested in four projects, two years back. Three projects are doing very well and I am receiving regular income from them. One project is still in stagnant position, not sure what will happen to it. If it gets unsuccessful, my investment will also wash away. Quote Link to comment Share on other sites More sharing options...
WVU Posted September 23, 2016 Report Share Posted September 23, 2016 Such a great company that you need shills to come on gambling boards and lie about their success. Thanks for your statements davidbrown and jennifergrey. Now fuck off Quote Link to comment Share on other sites More sharing options...
Brick Posted September 23, 2016 Report Share Posted September 23, 2016 david and jennifer>WVU Quote Link to comment Share on other sites More sharing options...
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