Investing in Real estate Fundrise
I am in late 20s started earning a couple years ago. Looking for options to make some investments. Any reviews on Fundrise? Would appreciate other suggestions too. TC: 88k
Yo I'm connected with ppl that invest in multifamily properties. They can get you about 15 - 18% ROI. But you do have to understand that any kind of investment is a risk... Usually real estate isn't as risky especially multifamily. Hit me up if you wanna learn more.
Accredited only?
Been with fundrise for a couple years. It's .... okay, I get around 12% dividends Note a few things though: - dividends are not qualified = you pay more tax on them - if you need your money back, fundrise is not liquid (read the prospectus for redeeming shares - iirc you don't get your full money back until 5 years)
Prioritize on stock/bond first, do RE when you 1. have a lot more cash to diversify 2. don’t need short term liquidity(~5 years) 3. willing to deal with tax filing