- Hey guys, what's up?
This is Seth from Retipster blog and in this video
I want to talk to you about
a real estate crowdfunding platform called Fundrise
and Fundrise is a company that I had heard about
for a couple years now but it wasn't until just recently
that I really got familiar with how they work
and what makes them unique to the world
of real estate crowd funding platforms.
Now the cool thing about the whole concept
of real estate crowdfunding is that it allows
really a lot of different types of people
to get involved with real estate investing.
So, no longer do you have to run
a full blown real estate business.
You don't have to be a house flipper
or a landlord or any of that stuff.
If you got extra money and you want to diversify
your investments or your retirement savings,
you can literally just find a property
that you want to invest in and put those dollars
into that property through one of these sites.
But the unique thing about Fundrise
is that you don't necessarily invest your dollars
into one specific property, instead they have these pools
of property where you can invest as little
as a thousand dollars and up.
The way it works is you have to buy 100 shares
and the shares cost ten dollars a share.
Because you're investing in this pool of properties
and not a single location, it's kind of a good way
to make sure you're funds are well diversified
among several different options rather than just
rising and falling based on how one property does.
Another notable thing about Fundrise is that
a lot of the other crowd funding companies out there
require you to be an accredited investor,
which basically means you already have to have
a really good income or a really high net worth
even to be allowed in their system
and look at the investments.
For example, you might have to have a networth
of a million dollars or an annual income
of at least 250 thousand dollars.
So, right off the bat, that kind of keeps a lot of people
out of those websites because a lot of average people
out there just don't fall into those categories.
But with Fund Rise, you don't have
to fall into of those categories.
Literally anybody can get into their site
and all they need is a minimum of a thousand dollars
to plug into an investment and get started.
It's just a lot more easily accessible to lots of people,
whereas a lot of these other crowdfunding websites,
they're still great options but it's just a little bit
harder for the average person to get involved with those.
So if you're somebody who wants to get into
the real estate investing game or maybe you're just looking
for a different type of real estate investing option
that doesn't require all the hands on effort and work
and attention to detail, Fund Rise could be a great option.
In the next few minutes, I'm just gonna show you
how to get into the website, create your own account,
check out some of the options they have available
and how you can get started investing money in real estate.
Follow along and I'll show you what it's all about.
Okay, so once you get to the Fundrise website,
you're gonna see a page that looks something like this
and all you have to do if you want to get started
is just go ahead and enter your email address.
I'll go ahead and do that right here.
(keys clicking)
I'm gonna click Get Started.
And then at this point you're gonna get
an automatic email in your inbox with a link
that you can click that's gonna take you
right here to this page and this is also
where you should be landing right after
you click the submit button, so either way,
you'll see a page that looks something like this.
And again, remember the way Fundrise works is
when you're investing your money in these kind
of crowd funding projects, you're not investing
in any one specific property.
Instead you're investing in a pool of properties
and Fundrise has these different funds that are
geared toward different end goals like whether
you want income or whether you want growth
or whether you want both and also depending on where
you want those properties to be located.
For example, if you wanted to invest in properties
that are over on the West coast or over on the East coast,
or sort of in the Midwest Heartland of the US,
you can do that just by selecting 'em right down here.
It looks like at the time of this recording,
a couple of these are actually sold out,
so in my case, I can only choose from these three.
So, if you want to learn just a little bit more
about what these are all about, say if I took this one
and dragged it over here, I could sort of just get
a good user friendly overview for what these things
are all about, where they're located,
what the return profile is, the time horizon,
how soon I'm gonna get my money back
plus any profits I'm making, stuff like that.
But really if you just wanna cut to the chase
and get started, all you gotta do is go up here
and click Sign Up and then you would just
put you're information in again and actually create
a password for yourself so that you can create
your Fundrise account, so I'm gonna go ahead
and do that right now and then I will go ahead
and click this, assuming that I actually
have reviewed these things.
I'll click that and create my Fundrise account.
Okay, so then at this point,
I'll have to go ahead and verify my email address,
so I'll click through that and then this is what
it looks like, so I'll go ahead and click that.
All right-y, we are good to go.
Go ahead and put in country of citizenship and residence.
It's the US for me on both accounts.
And then it looks like we have to start
by just entering in some basic information about ourselves,
so primary address and phone number,
our bank account and routing number
if we just want to invest directly from our bank accounts
and then our social security number.
So let's get started with that.
As I'm going through this, looks like I gotta
go ahead and review this stuff and agree to it.
I've obviously been through all this stuff
but if you haven't go ahead and check it out.
Make sure you understand all the risks
associated with this kind of investment medium.
Once you get it, just keep going on
and moving through the steps.
Go ahead and click all these as well,
making sure you fully understand what you're agreeing to.
Click Continue.
Now I'm gonna go ahead and choose an Individual account
and let's go ahead and put in all these basic details.
And I'm just gonna go ahead and blur this stuff out
for obviously privacy reasons and we'll scroll down here.
Put in the ol' social security number and then keep in mind,
if you want to, you can have you're dividends
automatically reinvested if you want.
If that's something you want to do, go ahead and check this.
And then once you've read everything and entered in
all the appropriate information and you're ready
to go forward, just go ahead and click continue.
And in terms of your payment method, you can either do
a wire transfer or an ACH and that's
what I would think would make sense for most people,
the ACH, so that's what I'm gonna do here.
And then account type is gonna be a checking account.
Just go ahead and put in your bank information
and then once you've got that complete,
just go ahead and click continue.
And at the very end here, you'll have
to sign with your mouse.
I'm gonna go ahead and do that.
It's a pretty beautiful signature.
Hope you like that and then once that's done
just go ahead and click Continue again.
And now once you get to this point,
you may be looking at this over here,
this five thousand bucks that was kind
of automatically added to your cart, you know,
five hundred shares at ten bucks a piece.
You might think, you know,
maybe I don't really want to invest that much
or maybe I want to invest more
or maybe I don't necessarily want to invest
in the Heartland eREIT but I want
to invest in a different one or in multiple ones
or anything like that.
Before you scroll onto the bottom
and click on place order, make sure that this
is exactly what you want.
For example, let's say if you want to just start over
and empty out our shopping cart and do something else.
All we gotta do up here is go click on Browse Investments
and then it's gonna take us to this right here,
where you can pick whichever one
of these you want to work with
and as you can see at the time of this recording,
two of these are sold out, so those aren't available,
but we've got the West coast, Heartland and East coast
eREIT funds that are available to choose from
and they all kind of do the same general thing.
They're just in different locations
throughout the United States.
So, I'm gonna go and click on the East coast one
to view the details and what we can do here after
we scroll through this and we fully understand
what this is all about and you know,
where the properties are located and whether or not
this is something we want to be involved with.
Right up here to the top and click add to order
and the way this works is it's automatically
gonna put five thousand dollars in your little shopping cart
but you can change this right here.
You can do anywhere up to fifty thousand
or as low as one thousand and it looks like those
are sort of the increments you would have to choose.
So, if you just wanna like dip your toe in the water
with a thousand bucks, you can do that right here
and then click invest now and at this point
I've already entered in all my information.
Let's just go ahead and do it.
See what happens.
All right-y.
It says, first apparently we have to confirm receipt
and indicate agreement with the following documents.
(mouse clicking)
And then we will agree to these things again
before we move forward.
It's all pretty basic, straightforward stuff.
Go ahead and click Continue.
Looks like we gotta go through these steps again.
Luckily all this stuff is already in here
from the first time, so we'll just verify
that everything is same as how we set it up,
do our little signature again, click Continue.
And there we go, this is our final checkout page.
Just make sure all the information is accurate and correct.
Scroll down to the bottom and if it all looks good,
go ahead and click Place Order.
There we go, order placed successfully.
Let's go ahead and view the order in my account
and there we go, just kind of gives us the basic details.
Something else that's really nice about this website
is that it makes it really, really easy
to just track everything and see where your investment
dollars are at, so if we go over here to overview,
you can kind of see zero dollars of earnings to date,
that's because I literally just put it in there.
Hasn't had a chance to do anything yet.
Go over here to Performance, again,
not a lot of activity has happened so far
in the past 30 seconds so there's not a lot
of information to show just yet.
Transactions, we can see our one transaction so far.
Updates, as the quarterly dividends come out
and that kind of thing, those kind of updates
will most likely be here and Documents,
you know, when there's tax documentation
that is applicable to me, that kind of information
would be here and then investment documents,
the things that I agreed to before I went ahead
and placed this order, that stuff is right here.
I can check that out anytime.
It's just a really user friendly, easy to follow system
that doesn't make it hard, I mean,
you literally just put your money in
and it will report to you what's going on.
Fundrise is a really easy to use system.
I've been really impressed just with
how it's not difficult at all to figure out how to use it.
It's not rocket science, it's just a really good option
for people who want to get into real estate investing
but they don't want to deal with any
of the hassles or headaches.
They just want to take the lazy mans approach,
put the money in and let it work for them.
And of course, as with any real estate investment,
there's never any guarantee that you're gonna get
a certain return or really any return for that matter
but again, if you're okay with that kind of risk,
then this could be a great fit for ya.
Hopefully that was helpful, and hopefully that
was somewhat informative if you've heard of Fundrise
but just didn't know what it was all about
or if you've never heard of it, hopefully you
just learned something new here.
That's all, again, I've got an affiliate link
to Fundrise beneath this video.
I will get a small kickback if you sign up
for an account through that link.
So if you do, thank you very much.
I appreciate that.
If you don't, it's no problem at all.
Thanks again for watching and whatever you decide to do,
I wish y'all the best with your real estate investing
and hopefully I will see you again on the next video.