Best Real Estate Crowdfunding Investment Platforms of June 2022
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The best real estate investment platforms of June 2022
Investing in real estate doesn't have to be difficult. If you're looking to avoid the legwork of conducting extensive property research, finding tenants, and regularly maintaining and attending to the investment, there are easier ways to add real estate to your portfolio.
Real estate crowdfunding platforms make this possible. You can add residential properties, commercial properties, and other real estate investments to your portfolio at low costs.
Some of the most common investments these platforms offer are real estate investment trusts (REITs), electronic real estate funds, and non-traded REITs. An REIT is a company that owns and operates income-producing real estate assets. Most REITs are available on stock exchanges, but you can only buy non-traded REITs (REITs that don't trade on stock exchanges) through brokers or financial advisors. Real estate funds are mutual funds that invest in different types of real estate securities provided by real estate companies.
But account minimums, management fees, and investment options vary for each platform. And while some real estate investing apps serve all investors, regardless of their net worth , others may only accept accredited investors (individuals who've got a net worth of at least $1 million).
To help you narrow down your decision, we've compiled a list of the top real estate investing apps. Keep reading to find the best fit for you.
The best real estate crowdfunding platforms of June 2022
Best for non-accredited investors: Fundrise
- Available to non-accredited investors
- Low minimum account size requirements
- Five different account levels to choose from
- Highly diversified investments
- Great for passive investing
- Investments are illiquid; can't sell or cash out your investments as easily as you could with liquid assets such as stocks and mutual funds
- Complex fee schedule
- Not for short-term investments
- Consider it if: You're looking for an easy and inexpensive way to start investing in real estate.
- App store rating: 4.8 iOS/ 4.4 Android
Why it stands out: Fundrise lets you start investing in real estate with as little as $10, and the app offers eREITs and electronic real estate funds. The $10 minimum investment grants you access to the company's Starter Portfolio, which invests your money in a range of US real estate projects.
The next step up is the Basic account level. With a $1,000 minimum requirement, this account gives you all of the Starter account level's perks plus goal-based investing and IRA investing.
In addition, Fundrise offers a higher account level, Core portfolios, with even more features. If you can afford to invest at least $5,000, you'll be able choose between additional investment strategies and account perks. Core portfolios offer three investment plans — Supplemental Income, Balanced Investing, and Long-term growth. Each plan offers a different mix of investments that are designed to meet various growth and income-focused savings goals.
With a minimum of $10,000 to $100,000, you can also take advantage of Fundrise's advanced and premium account levels. These function as add-ons to the Core plan and allow you to utilize more complex real estate strategies and investments.
Each account level lets you take advantage of auto-invest tools and investment goal planning. However, the higher account levels give you access to things like IPO access and direct investments into open funds.
What to look out for: Real estate investments are highly illiquid, meaning you won't be able to readily convert your investment (s) into cash like you would with a stock. Fundrise realizes this. That's why it has a minimum investment term requirement of five years.
If you can't afford to let your money sit for at least five years, Fundrise probably isn't the best option for you.
Visit Fundrise's website »
Best for non-accredited investors runner-up: DiversyFund
- $500 minimum investment
- No management fees
- Automated real-estate investment management
- Available to non-accredited investors
- Limited investment selection; only offers one REITs with assets in three states
- Can't choose your own investment projects and you must hold for at least five years
- No IRAs
- Can't withdraw your investments' earnings until the real estate assets, or properties, are sold
- Consider it if: You prefer robo-advice over DIY real estate investing, and you want to minimize management fees.
- App store rating: 3.4 iOS/ 3.5 Android
Why it stands out: Like Fundrise, DiversyFund offers a low $500 account minimum. Similarly, the company manages your real estate investments for you, and it offers its services to both non-accredited and accredited investors (an accredited investor is an individual whose net worth is at least $1 million). But, unlike Fundrise, this investment app costs you absolutely nothing in management fees. This means you'll pay 0% for your investments.
DiversyFund solely offers its own Growth REIT which invests in multifamily properties with more than 100 units. This means that the robo-advisor owns and manages all of the real estate assets you'll be investing in.
Its REITs investment strategy aims to generate growth over a five-year period, and the platform's targeted returns for each property within the REIT range between 10% and 20%.
What to look out for: You cannot withdraw or cash out your investments until your minimum five-year investment term ends. This is because DiversyFund reinvests the dividends and earnings your investment generates until the real estate asset is sold.
If you're considering DiversyFund, you should also note that the platform only offers REITs as investments. This means you won't be able to invest your money in any other investment options or account types.
Visit DiversyFund's website »
Best for single-family properties: Roofstock
- No minimum deposit; access to 70 markets
- Roofstock matches you with a property manager that helps oversee your investment(s)
- Company offers the option to buy, sell, or bring your own property to the table
- Investment options for passive real estate investors
- No automated or passive investment options for non-accredited investors
- Investing in actual properties may be more costly than taking the REIT route
- No mobile app
- Consider it if: You want to earn regular income from single-family rental investments.
- App store rating: No mobile apps
Why it stands out: Roofstock is another unique real estate app. This company actually lets you invest in single-family rental properties. Once you purchase a property, you don't have to worry about being left out to fend for yourself — Roofstock assigns a property manager to each rental.
Properties are usually tenant-occupied, and property managers are there to assist you as you earn monthly rental income.
Roofstock also offers self-directed IRAs, and you can invest in fractional or full property interests with Roofstock One if you're an accredited investor. (An individual with a minimum net worth of $1 million or annual income of $200,000, or $300,000 for couples).
What to look out for: The downside is that this could be more expensive than investing in a REIT or other real estate fund, since you're actually purchasing and making down payments on properties. Another thing to note is that while Roofstock is launching a Roofsavvy mobile app for iOS users, it doesn't currently have any mobile apps available.
Visit Roofstock's website »
Best for commercial real estate: RealtyMogul
- Offers real estate investment trusts (REITs), single properties, or 1031 private placement investments
- You can use a self-directed IRA (SDIRA) to invest in commercial real estate
- Low fees; RealtyMogul performs due diligence on each investment properties
- Automatic features that make the investment process easier
- Fairly high account minimum
- Non-accredited investors can't utilize 1031 exchanges
- Highly illiquid investments
- Consider it if: You want access to a larger range of real estate investment options.
- App store rating: 4.38 out of 5
Why it stands out: RealtyMogul makes real estate investing accessible to everyone. You can even invest if you aren't an accredited investor, but you'll need a minimum of $5,000 to begin. And as for your investment options, RealtyMogul lets you purchase stake in commercial real estate through three ways: REITs, single properties, or 1031 private placement investments.
As for cost, single properties (also known as private placements) are only available to accredited investors. For these properties, RealtyMogul requires investment minimums ranging between $25,000 and $50,000. Both accredited and non-accredited investors can purchase the company's REITs with as little as $5,000. But for 1031 exchange investments, you'll need between $25,000 and $50 million to get started (a 1031 exchange is a tax loophole that allows you to avoid capital gains taxes when you sell an investment property and reinvest any earnings into a similar property).
The real estate app also offers automated investment management through its auto-invest feature. But this is only available if you invest in one of the company's REITs (MogulREIT I or MogulREIT II). In addition, you can use funds from your IRA to invest in REITs.
What to look out for: You'll need at least $5,000 to invest in REITs, but other investments — such as individual properties and 1031 exchange investments — have minimums ranging from $25,000 to $50 million.
Visit RealtyMogul's website »
Best for accredited investors: EquityMultiple
- Low fees
- Option to invest in institutional commercial real estate, equity, preferred equity, and senior debt
- Multiple property types
- Self-directed IRAs available
- Only accepts accredited investors
- Consider it if: You're an accredited investor looking to invest at least $5,000 into commercial real estate.
Why it stands out: EquityMultiple is best for accredited investors who have at least $5,000 to invest (minimums can also be as high as $30,000). This platform lets you invest in institutional commercial real estate, equity, preferred equity, and senior debt.
EquityMultiple also gives you the choice between the following three investment approaches: Fund Investing, Direct Investing, and Savings Alternative Investing. Each approach utilizes different investment strategies, time horizons, and minimum investment requirements. For instance, Direct Investing accounts feature a target duration of six months to five years, while Savings Alternative accounts have a time horizon ranging from three to nine months.
Fund Investing accounts have a target duration of 1.5 to 10 years. But this strategy has the highest minimum requirement ($20,000 to $30,000). Direct Investing requires at least $10,000, and you'll need a minimum of $5,000 for the Savings Alternative strategy.
When it comes to the real estate investments, EquityMultiple offers a range of property types, including: multifamily, office, industrial, storage, car wash, cannabis facilities, retail, mixed-use, opportunity zones, senior living facilities, student housing, and data centers.
You can also open and invest with self-directed IRAs.
What to look out for: EquityMultiple only accepts accredited investors, so this isn't a good option if your net worth is less than $1 million. In addition, investment minimums are on the high side, so be prepared to spend between $5,000 and $30,000 to invest in real estate.
Visit EquityMultiple's website »
Best for accredited investors runner-up: Crowdstreet
- Offers a wide range of commercial real estate options for accredited investors: Individual deals, diversified funds and vehicles, and tailored portfolios (See a complete list of its properties here).
- Charges investors no fees (sponsors may charge fees)
- Caters to real estate sponsors who want to list properties and deals on the CrowdStreet marketplace
- Offers educational resources and expert insights
- Not available to non-accredited investors (those who have a net worth lower than $1 million)
- Account minimums are on the higher side
- Not for those in search of shorter investment terms and more liquid investments
- No mobile app access
- Consider it if: You're an accredited investor with at least $25,000 to set aside for multiple years.
- App store rating: No mobile apps
Why it stands out: With a $25,000 minimum investment requirement, CrowdStreet specifically serves accredited investors. The platform lets you invest in commercial real estate through three ways: Diversified funds and vehicles, individual deals, and tailored portfolios.
With CrowdStreet's diversified funds and vehicles option, you can select a single real estate investment to add to your portfolio. If you're more of a DIY-minded investor, you can use the individual deals investment option to directly choose your own real estate investment opportunities through the CrowdStreet Marketplace.
And if you're looking for a bit more guidance with real estate investing, the company's tailored portfolios investment option builds a customized and professionally managed real estate portfolio for you.
CrowdStreet charges investors no fees to join the platform or access real estate opportunities; it mainly charges real estate sponsors fees. These generally range from 0.50% to 2.5%.
What to look out for: CrowdStreet is only for accredited investors, and you'll need at least $25,000 to start investing. The company also typically requires you to buy and hold investments for a minimum of three to five years, so CrowdStreet is best for accredited investors who can park their money for multiple years.
Visit CrowdStreet's website »
Best for real estate and alternative investments: Yieldstreet
- Access to alternative investments, including art, real estate, and legal settlements, that allow investors with plenty of assets to further diversify their portfolios
- Investors receive regular interest payouts over the life of the loan
- Higher-risk investments — best for those with a large amount of money to invest; limited investments available
- Fees may be higher than other types of investment accounts; Yieldstreet IRA accounts cost $299 to $399 per year
- Investments are highly illiquid
- Consider it if: You're a high-net-worth investor interested in diversifying your investments across real estate and other alternative assets.
- App store rating: 4.6 iOS/ 4.3 Android
Why it stands out: Yieldstreet offers real estate and other alternative investments to accredited investors who have at least $500 to invest. You can currently invest in the following alternative asset types with Yieldstreet: real estate, legal finance, marine finance, commercial and consumer finance, and art finance.
But don't worry if you aren't an accredited investor. You can still invest in the Yieldstreet Prism fund. This fund requires a minimum of $500, but it lets you invest in multiple alternative asset types. The company's short-term notes also have a $500 minimum requirement, and most of its other investments bear a $10,000 minimum (short-term notes are investments that allow investors to earn regular interest payments during the term of the note).
Yieldstreet also has more lenient investment terms compared to some of the other real estate apps in this roundup. You can invest for as short a time as six months or up to five years.
What to look out for: If you're looking to build your retirement savings, IRAs will cost you $299 or $399 per year. Account balances between $0 and $100,000 cost $299 per year, while you'll pay $399 annually for balances that are $100,001 and above.
Yieldstreet is also primarily available to accredited investors, or individuals with net worths of at least $1 million. If you're a non-accredited investor, you can still invest with Yieldstreet, but you'll only have access to one fund: Yieldstreet's Prism fund.
Visit Yieldstreet's website »
Other apps we considered
- Modiv: Formerly Rich Uncles, Modiv is an investor-owned real estate platform offering REITs and self-directed IRAs. The platform is open to both accredited and non-accredited investors, but you'll need at least $1,000 to get started. As for its REITs, Modiv pulls from commercial real estate properties across 14 states. This company is ideal for REIT-minded investors, but keep in mind that you won't be able to choose which properties you're invested in.
- PeerStreet: Unlike many of the crowdfunding platforms above, PeerStreet allows investors to invest in private real estate debt. While the investment app has a reachable minimum requirement of $1,000, it only accepts accredited investors (individuals with a minimum $1 million net worth).
- Streitwise This platform offers REIT investing for both accredited and non-accredited investors in the US and abroad. Though you'll need at least $5,000 to get started, Streitwise also lets its users invest in real estate with ethereum and bitcoin. Note, though, that you won't be able to choose which properties you invest in.
- Groundfloor: This wealthtech platform offers fractional real estate debt investments through notes and SEC-qualified Limited Recourse Obligations (LROs). You'll only need $10 to get started, and you can take advantage of shorter investment terms ranging from six to 18 months. In addition, both accredited and non-accredited investors can utilize both its self-directed and automatic investing features. One thing to look out for is that if you're a beginner, its investment offerings may be slightly tricky to understand at first. Another thing is that your investments aren't necessarily immune to loan defaults.
- RealCrowd: RealCrowd offers commercial real estate investments in retail, multifamily, office, industrial, development, and fund opportunities. One thing to look out for, though, is that you'll need a net worth of at least $1 million to get started.
- Patch of Land: Patch of Land is a peer-to-peer real estate app that connects accredited investors to borrowers who need loans for real estate projects. So whether you're a lender or borrower, its website has information on how to get started. You'll need to be an accredited investor to begin.
How our list compares to other publications
Research is an important part of selecting the best real estate crowdfunding investment platforms, and Insider isn't the only website comparing the best real estate apps. To help guide your decision, we've compared our top choices with lists from other publications.
| Personal Finance Insider | Investopedia | NerdWallet | |
| Fundrise | ✓ | ✓ | ✓ |
| DiversyFund | ✓ | ✓ | |
| Roofstock | ✓ | ||
| RealtyMogul | ✓ | ✓ | ✓ |
| EquityMultiple | ✓ | ✓ | ✓ |
| Yieldstreet | ✓ | ✓ | |
| CrowdStreet | ✓ | ✓ | ✓ |
How we determined the winners
We reviewed dozens of real estate crowdfunding platforms to determine the best options for low fees, investment types, and account features. To make sure we didn't miss anything, we also cross-referenced our roundup against popular comparison sites like Investopedia and NerdWallet.
Frequently asked questions
Why trust us?
Our mission at Personal Finance Insider is to help smart people make the best decisions with their money. We know that "best" is often subjective, so we highlight the clear benefits of a financial product along with any limitations.
We spent hours comparing and contrasting the features and fine print of real estate investing apps so you don't have to.
What is a real estate crowdfunding investment platform?
Crowdfunding is a strategy whereby certain businesses use the internet and other social media platforms to attract investors. Real estate crowdfunding apps offer that same opportunity to investors who want to invest in commercial real estate or other real estate assets.
The crowdfunding platform pools each investors' money into whatever real estate investments it offers. For instance, the app might be pooling investors' money into REITs and or other properties.
What is a REIT?
A real estate investment trust (REIT) is a company that owns and manages multiple income-generating real estate assets. Unlike traditional real estate investing that requires you to hold onto properties for years at a time, REITs offer a simpler — and more liquid — approach to building wealth. While there are generally two types of REITs (publicly traded and non-traded), publicly traded REITs trade like stocks and offer higher dividends than stocks.
Are real estate investing apps worth it?
That depends on your particular risk tolerance and savings goals. Real estate investments are extremely illiquid, so you won't be able to convert your money into cash as easily as you could with a stock or exchange-traded investment. Additionally, most real estate investing apps require you to hold your investments for a minimum of five years so that you can earn higher returns.
But if you'd like to invest in real estate without buying and managing properties yourself, real estate apps make that possible. And most offer automated account management, so you won't have to worry about reinvesting dividends or calling big shots on your own.
If you can afford to let your money sit and grow for a few years, real estate investing apps could be a good fit for you. However, you may want to consider stock investing if you're looking for quicker returns and short-term commitments.
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