Upfront Summary: Is Fundrise Legit?
Fundrise is a famous platform that allows you to invest in real estate ventures and earn high profits. One of the top things about this platform is that it covers projects in all 50 US states. However, the best thing is that Fundrise is a legit platform that complies with all regulations.
There are many crowdfunding websites on the internet that allows you to earn profits. However, not all of the platforms are good or reliable. Fundrise is one of the leading names in the industry.
A key question that you may be thinking about is, “Is Fundrise legit?” Luckily, you don’t have to wonder anymore. Here is your complete guide to “Is Fundrise legit?”
Fundrise Company Information
Official Website: | https://fundrise.com/ |
Headquarters Location: | 11 Dupont Circle NW, 9th Floor, Washington, DC 20036 |
Founded: | 2012 |
Industry: | Real Estate Investing, Financial Services, Financial Technology |
Ownership: | Ben Miller, Dan Miller, Kenneth Shin, Brandon Jenkins |
Contact: | Online Form |
Trust Score: | Average |
Social Media: | Facebook, Instagram, LinkedIn |
What Is Fundrise?
Fundrise is a crowdfunding investment platform that allows you to invest in real estate projects. The top thing about the site is that the minimum amount it requires you to invest is $500. So it is relatively more reasonable than most other platforms on the market.
Besides that, the company markets REITs, but you should note that they are unlike the traditional options. This is because the platform enables an illiquid investment instead of liquid. The key benefit of this is that you can turn high profits without making much effort.
Another thing you should understand is that Fundrise is an entirely legit platform. Its founders are two brothers from the US who had the company’s idea in 2010. However, they didn’t launch until 2012, just before the JOBS Act.
The company also has a headquarters in Washington DC which further adds to its credibility. You can also check out this platform’s various social media accounts to understand its processes. They will cement the fact that this site is legit.
Is Fundrise Legal And Safe Or A Scam?
Is The Site Generally Legal? In All Countries?
The site follows all international regulations and requirements. US citizens can access their accounts from any part of the world. The company offers a site for excellent data protection.
The Fundrise account holders can check on their accounts even if they are outside the United States and get updates. It is legal and safe to use.
Does The Site Contain Viruses Or Malware?
The Fundrise site doesn’t contain any virus that can harm your device. Not only that, but the site does not have any malware to worry about. So you don’t have anything to worry about while using their site.
The Fundrise has a secure and legal site to offer their account holders. The design of their site includes an extra layer of protection. Therefore, you have nothing to stress about while using their site.
Does The Site Steal Sensitive Data?
The Fundrise site does not steal any sensitive data from its customers. They only take the information that you provide with your consent.
Are There Similar Fake Sites To Be Aware Of?
There is only one registered domain for Fundrise. There are no other similar fake sites that one has to worry about. If you ever face any problem like this, you can contact the security department of Fundrise, and they will solve it for your ease.
Is Fundrise Reliable And Trustworthy?
How Good Are The Company’s Overall Web Ratings?
Fundrise has an excellent rating as per different websites. The company has a trust score of 3.1/5 on Trustpilot. Out of all the reviews, 84% fall under the excellent category, and only 10% are under bad.
Does The Site Have A Refund Policy?
The refund policy depends on how many days it has been when you made your investment. If it is only 1-2 businesses, you can cancel and get a refund from the Transaction section on their dashboard.
However, you can redeem your shares by submitting a redemption fee on their official website. The top thing you should note about the platform’s refund policy is that lenient. Not only that, but you will receive the refund easily without making much effort.
How Many Scam Reports Are There Compared To Positive Reports?
There are relatively fewer scam reports about Fundrise on the internet as compared to positive reports. For instance, 10% of reviews on Trustpilot have a bad rating. Meanwhile, 84% of them have an excellent rating because of the various benefits.
So you can rely on this platform to help you earn profits easily. You don’t have to worry much about scamming when making an investment. Of course, you should keep in mind that the investment market can be unreliable. This is why you should consider all factors before using Fundrise or any other crowdfunding platform.
How Reliable Is The Customer Support?
The customer support of Fundrise is highly reliable because of the excellent team. You can email the platform if you have any queries about the service. The key thing to note is that you can expect a fast reply when using Fundrise.
Another thing to understand is that customer support is available from Monday to Friday. So you can contact the team to eliminate any doubts you have.
The Pros And Cons Of Fundrise
Pros
- The minimum investment is low
- All investors can use the platform regardless of net worth and income
- The website interface is easy to navigate
- IRA accounts are also available on Fundrise
Cons
- The investment is illiquid
- It can be difficult to comprehend the fee structure
- Complex investments require you to do thorough research
How Does Fundrise Make Money?
Fundrise makes money in multiple ways to earn profits. For instance, it charges 0.15% advisory fees from annual advisory options. Meanwhile, it also charges a 1% management fee for each investment.
The platform also has origination and early redemption fees. The key thing to note is that the percentages allow the platform to earn high. Besides that, the platform also earns money through sponsorships.
Best Fundrise Alternatives
Fundrise is one of the top real estate investing platforms on the market. However, it is understandable that you may want to consider other options too. If so, here are the top alternatives that you can use:
- Groundfloor
- DiversyFund
- YieldStreet
- EquityMultiple
- Roofstock
- Streitwise
FAQ
What Are The Key Features Of Fundrise?
The key feature of Fundrise is that it allows nonaccredited investors to also use the platform. Besides that, interval funds also enable you to invest in more liquid options. The top benefit of this is that you can enjoy high return chances easily.
Apart from that, the platform also offers a redemption program. You can use this to sell your shares back to Fundrise. This feature is handy if you are no longer interested in the real estate investment world.
How Much Does Fundrise Cost?
The initial investment that you require to use Fundrise is $10. You can use this amount to set up a starter portfolio. This will allow you to access various projects in the US for investment.
However, the overall costs of the platform depend on the services you use. This is because the platform charges a specific percentage from different service types.
How Long Do I Have To Keep Money In Fundrise?
Investors in Fundrise have to hold their investments for at least five years. This is because investments in real estate take time to generate value. Investing in Fundrise is equivalent to owning illiquid properties.
Can I Have Two Fundrise Accounts?
You cannot have two Fundrise accounts at the same time. You can only invest in one plan from your account. Besides that, it is not advisable to make two accounts on the Fundrise at the same time. This is because it can be difficult to handle two investments at the same time and can raise security issues.