$1000 Growing in Fundrise

I only learned about the Fundrise platform about a month ago while watching some investment-related videos on YouTube. I noticed a few different people mentioning Fundrise, so I checked out the website, liked what I read, and decided using it for the Grow Your Dough Challenge would be a fun way to test it out.

Fundrise has broadened the opportunities and lowered the costs associated with investing in real estate. People deposit their money into a Fundrise account and start by choosing from one of three Core Plans: Supplemental Income, Balanced Investing, or Long-term Growth. I picked what seemed to be the moderate option of Balanced Investing.

Investors have the ability to look through photos and information about each of the projects that their money is invested in through their accounts. If you are a very thorough or curious person, you could actually go through your portfolio and look at every single project your money is invested in. Here’s an example of an architect’s vision of one of the projects I am invested in that also happens to be in the same county that I live in. Presumably, I could drive over and view the site from the street!

I was impressed with how easy it was to open an account with Fundrise. I love the level of detail that they provide on their website and in their account information. I have received a series of five Investor Welcome emails and confirmations of what is happening with my funds as I get started. My account was created on January 30 with my $1000 deposit and my first $100 is already at work in the Income eREIT, while the rest of the money is in various stages of processing. The below image shows what my portfolio of 66 projects looks like today. You can see the various percentage choices I made in the eReit positions on the left side, as well as the projected return against the Fundrise Note ratings in the chart on the lower right. The colorful circle shows the make up of the portfolio — each of those differentiated sections can be clicked through to bring up individual project details, such as the Glassell Park, Los Angeles, CA image above.

Fundrise also has a Refer-a-Friend program — follow the link to open your own Fundrise account and the fees for both of our accounts will be waived for 90 days (U.S. Residents only). Fundrise charges .15% in annual advisory fees and .85% for their annual management fee. The fees equate to them taking $10 per year for every $1000 you have invested.

I hope that this investment performs well this year, because I like what Fundrise is doing and given investment growth, would love to support the company by investing more money when the Grow Your Dough Challenge concludes at the beginning of 2020.