The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
If you want to build wealth over your lifetime, you will have to invest. Saving is important to your financial future, but interest rates for savings accounts are not very high, and inflation will eat away at your savings over time. Apart from that, unless you are able to make multiple six figures and save half of your income, you will not be able to save enough money to give you a secure future and comfortable retirement. Investing has never been more simple. The average age of an investor has drastically gone down over the last few decades, and there are even more ways to invest. The best way to make your wealth grow is to diversify your investments.
Real estate has historically been a great investment. A huge part of the American dream is to own property, so there is always a good market for home buying and selling. Apart from that, investing in real estate has made millions of people wealthy. In fact, the average millionaire has a paid for home, and a good number of them are heavily invested in real estate.
Investing in real estate can be a wonderful way to gain wealth, but what do you do if you do not have the funds to start out? Even though any American has the opportunity to buy real estate, most people do not have the tens of thousands of dollars that are needed to make the initial down payment. Because of the initial cost of funding real estate investments, many people miss out on this fabulous way to gain wealth.
Fundrise is a real estate investment platform. It is set up for crowdfunding. This means that a conglomerate of individuals invest their funds in order to purchase real estate. This is a company that was launched in 2011, and it has helped thousands of people to begin to invest. Any US citizen can invest in a real estate portfolio through this platform. In the past, only large corporations that had huge budgets would invest in real estate portfolios. These companies have advisors and specialty lawyers that assist them in their investing. This is not an option for the average investor. Fundrise is opening the way for the average Joe or Jane to invest. With this platform, a person who makes an average income can start to invest in real estate portfolios with as little as $500.
Fundrise allows the average investor to have the opportunity to invest in diversified real estate portfolios for a very low amount. Once you begin to invest in a portfolio, you are able to use this platform to watch your investment. You will begin to get paid in quarterly dividends, and you will receive income from the appreciation of the shares in your portfolio. Apart from that, you may also receive periodic distributions when there is a sale of property. When it comes to the real estate portfolio, the team at Fundrise takes care of the purchase of property, the management of property, the maintenance of property and also the management of the portfolio. Fundrise has been incredibly profitable since its launch. According to CreditDonkey, the average ROI from Fundrise investments is more than 9%. At the current moment, Fundrise holds more than 150,000 investors who have made over $100 million dollars by investing through this platform.
Investing with Fundrise is easy. All that you have to do is go to the website and choose the best plan for you. The Fundrise plans range from $500 to $5000. There is a small annual fee for the advisor, and there is also a small annual fee. Fundrise is a platform that was created for long term investing, and you will receive a redemption fee if you pull out of the portfolio before 90 days, so you want to commit before you invest.
It makes financial sense to invest in real estate, and the sooner that you invest, the better your ROI. Fundrise makes real estate investing possible for the average income earner, so there has never been a better time to invest.