Rancho Cordova, CA · Member since 2018 · 23 posts · 31 votes
8y
I have been using Fundrise for almost a year now, and enjoying a 8-10% ROI distributed quarterly. Actually, the more I read these forums, the more I think Fundrise is so good that I should really invest more there.
I don't have to worry about mortgage-funding-tenants- banks-repairs.... I just put money there and enjoy the returns.
Rancho Cordova, CA · Member since 2018 · 23 posts · 31 votes
8y
I have been using Fundrise for almost a year now, and enjoying a 8-10% ROI distributed quarterly. Actually, the more I read these forums, the more I think Fundrise is so good that I should really invest more there.
I don't have to worry about mortgage-funding-tenants- banks-repairs.... I just put money there and enjoy the returns.
Washington, DC · Member since 2016 · 4 posts · 17 votes
8y
I've received my 1099-DIV form for 2017 and have reached out to Fundrise to help explain what they're doing. The distributions gave me cause for concern. The Growth eREIT distributions in 2017 were 91% return of capital after reporting over 50% return of capital on the 2016 distributions. The East Cost eREIT was 43% and the Heartland eREIT was 38% return of capital in 2017. I'm concerned Fundrise is attempting to inflate the yield of the eREITs due to lack of income generated distributions in the form of dividends or capital gains? Maybe it's just a tax deferment strategy that they didn't make clear...?
I have yet to hear back from them. Has anyone else noticed this or know how to explain it?
Property Manager · Minneapolis, MN · Member since 2014 · 380 posts · 167 votes
8y
I will check my 1099. I really like the ease of using their platform so hopefully they are on the up and up. I did invest in their pre - IPO as well....so again. Let me know what you find out.
I've received my 1099-DIV form for 2017 and have reached out to Fundrise to help explain what they're doing. The distributions gave me cause for concern. The Growth eREIT distributions in 2017 were 91% return of capital after reporting over 50% return of capital on the 2016 distributions. The East Cost eREIT was 43% and the Heartland eREIT was 38% return of capital in 2017. I'm concerned Fundrise is attempting to inflate the yield of the eREITs due to lack of income generated distributions in the form of dividends or capital gains? Maybe it's just a tax deferment strategy that they didn't make clear...?
I have yet to hear back from them. Has anyone else noticed this or know how to explain it?
Mark...any updates to your post above? I am looking into investing with them too.
Rental Property Investor · New York, NY · Member since 2015 · 57 posts · 16 votes
8y
I have been using Fundrise for 2 years now and they have been paying dividends consistently. I switched to dividend reinvestment last year and have been happy with the service so far. Returns have varied, but been around 8-11% over the 2016, 2017, and 2018 with my investments so far.
San Jose, CA · Member since 2017 · 3 posts · 9 votes
8y
Hi! I'm also a current Fundrise customer and I am really enjoying their service. My follow up question, is there any reason I shouldn't be more focus on sending more of my investable cash into Fundrise? I've just dipped my toe into turnkey rentals but it seems like I'm getting a reasonable return from Fundrise without all of the turnkey headaches.
Rental Property Investor · Vancouver, WA · Member since 2014 · 113 posts · 29 votes
7y
@Mark Enoch Any update on the 1099? I am considering moving my investments to Fundrise because of performance, and just want to make sure there reviews online reflect actual performance that people are seeing and reporting.
ashburn, VA · Member since 2018 · 38 posts · 9 votes
7y
Good question @Mario Piergallini. I would be interested to see other's thoughts on why not invest in Fundrise as opposed to dealing with renters, purchases, etc. and still get good cash flow.
Real Estate Agent · Carlsbad, CA · Member since 2017 · 53 posts · 68 votes
7y
I invested $500 in Fundrise in April 2018. It's the minimum that they allow you to invest. To date Jan. 7th 2019 I have earned $29.05- Broken down that is $22.94 in Dividends, $6.47 in Appreciation, and -$0.36 in Advisory fees. To be completely honest with you I don't know much else about Fundrise except that they chose your investments for you regionally and you don't get to chose where your money is invested. On my annual in April I will probably double down and invest another $500 considering the decent return.
Rental Property Investor · Bradenton, FL · Member since 2018 · 73 posts · 61 votes
7y
Hi ! I am new to BP from Sarasota-Bradenton , FL. I am just getting re-started with cash flow real estate investing. So this is my first post.
I have also been thinking about investing with Fundrise as I’m in the process of buying my own home and have to leave my credit file alone until I get this deal close.
Is everybody that have used it happy with the performance so far? Any Red flags out there?
Rental Property Investor · MD · Member since 2018 · 287 posts · 205 votes
7y
I've been using Fundrise for 2 years now and have been extremely impressed. At least 8% returns and all my dividends are reinvested. Also invested in their IPO. Wishing them continued growth and success
Rental Property Investor · San Jose, CA · Member since 2019 · 78 posts · 23 votes
7y
I have questions about FundRise:
1) On your 1099-DIV, is it listed as ordinary or qualified dividends?
2) Have anyone attempted to close out/withdraw the funds? I think there's different withdrawal period with different penalties and curious if anyone has any insight?
3) What's the risk of losing your investment capital?
Rental Property Investor · NC, IL · Member since 2018 · 86 posts · 47 votes
7y
@Stanley Nguyen I saw some stuff about the penalty for early withdraw and it was up to 90 days is 0% and then like 3% up to four years and 2% between four and five years. I thought I also saw the first year was 5% but I am not positive about that.
I think with any investment there is some risk but you do have your funds dispersed across a lot of different properties so I think the risk is lower unless there is a widespread market downturn.
Of course this is all based on what I have read and I am not currently investing with Fundrise. I am not sure I will in the future either. I think you have an OK rate of return without a lot of the headaches that come with owning your own property but I think with proper planning you can mitigate many of the hassles and reap the rewards of a higher return with your own property.
I've been considering investing in Fundrise as well. A lot of costs are not transparent and you need to go through the lengthy offering circulars to learn about other costs. Like any investment, take the time to learn the details before jumping in. FINRA (Financial Industry Regulatory Authority) has some good information on public non-traded REITs.
Homeowner · Wilmington DE · Member since 2008 · 21 posts · 10 votes
7y
Aaron's original post asked if people had "any success raising or making money?". All the replies so far have focused on the income people have earned by investing with the platform.
Has anyone been on the other side? Using Fundraise or any other platform to raise funds for your deal?
Real Estate Agent · Quad Cities (IA and IL) · Member since 2016 · 107 posts · 34 votes
7y
I started investing with Fundrise in April 2019 with the $500 minimum so far so good. I plan to invest more into my account to see more lucrative dividends, which will automatically reinvest into my account. Fundrise is for people with long-term growth in mind. I invested in Fundrise with the mindset that I would not access this money for at least 5 years, so I am also curious about how people are using this platform to generate money for deals.
Realtor · Chicago, IL · Member since 2019 · 274 posts · 191 votes
7y
I haven't tried it yet, but I heard about it from a podcast and am very interested in trying it out as well. From the research that I have done and from what I see that other people's experiences have been, it seems to be a good place to start. There were concerns brought up in another forum about the legitimacy and the practices that may be utilized within the site and the real estate experience of the CFO and COO. I think I will be trying it out as I have seen mostly positive things from what I have read.