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Updated over 6 years ago on . Most recent reply

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Kenny Buyers
  • Rental Property Investor
  • Dallas, Fort Worth
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Crowdfunding Site Suggestions?

Kenny Buyers
  • Rental Property Investor
  • Dallas, Fort Worth
Posted

I am curious to what some of your favorite real estate crowdfunding sites are? I'm a non-accredited investor and am looking to diversify a little money. Probably in the 5k range. I would love to hear some positive and negative feedback about different sites. Thank you!

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Ian Ippolito
  • Investor
  • Tampa, FL
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Ian Ippolito
  • Investor
  • Tampa, FL
Replied

I am an accredited investor, and generally the nonaccredited offerings are not as strong (i.e. the sponsor generally put very little skin the game, hike up the fees, are not as experienced, etc.). But, if I were a nonaccredited investor, and I had the money to invest in only one fund, I would have the most experienced manager can find in the most conservative strategy can find. There's one fund, in my opinion, that blows away the rest in that area: Blackstone Real Estate Investment Trust. They dwarf the nearest competitor and the Blackstone name is them advantages some other funds can only dream about (including the top puck of managers and cheaper financing). However, you have to have at least two $50,000 of net worth or $70,000 worth of net worth along with $70,000 of income. If I didn't qualify on those, then would pick the next most experienced: stREITwise: 1st stREIT office. (Although office tends to be more cyclical, which is why it is only my second choice).

If I was looking to invest more money I would then choose a real estate debt: FundRise Income eREIT and Realty MogulREIT 1 are two that are very similar.

If I had more money, I would put some into more speculative investments like IMPACT housing REIT, MogulREIT II, Medalist Diversified REIT, fundrise eFunds.

If you'd like more information on any of the above, feel free to PM me.

  • Ian Ippolito
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The Real Estate Crowdfunding Review

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