FundRise 2024 Review and Ranking

What is FundRise?

 

To avoid the financial conflicts-of-interests that are rampant on virtually every other review site, I DON'T accept any money from any outside sponsor or platform for ANYTHING (including but not limited to affiliate ads, advertising etc.). See code of ethics  for more.
 

Fundrise went from ranked number 1 in the 2015 review, to number 25 in the 2016 review. Since then, they have stopped producing all investments for accredited investors, so they are being removed from the rankings. However, they still are producing other investor options. Click here for an in-depth review of their nonaccredited investor options

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For historical purposes, here is their previous review:

They were ranked #1 in the 2015 review for numerous innovative and industry-leading features (including rock-bottom fees). Unfortunately, they've fallen to #25, this year due to all the changes on the site that have happened since then.

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The changes seem to have happened after the unexplained resignation of their CEO near the end of 2015 (and replacement by his brother), By the end of the year, Fundrise stopped offering individual accredited investments, and instead replaced them with what it calls eREIT investments. For numerous reasons (larger fees, inadequate skin in the game, etc.), we don't feel these are appropriate for accredited investors because they have much better alternatives. However, for nonaccredited investors, they may be suitable. Click here for more information comparing Fundrise with other options for non accredited investors.
 

In late 2015, Fundrise filed a report with the SEC, accusing their former CFO of attempting to extort $1 million from the company for poor due diligence. Fundrise claimed that the due diligence on their precipice investments was solid and that a 3rd party was reviewing it. However, it does not appear that the results of this third-party review was ever made public.

 

• Advantages: None.
   

• Disadvantages: Mammoth fees, substantial investor dilution, and in our opinion, dangerously misleading marketing.
   

• Accolades: None

 

For more raw data on the site (including investor and sponsor fees, legal structure etc.), or to easily compare it with the data of competitors, see the feature by feature comparison matrix.

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Where can I discuss other Fund Rise deals?

You can do this with thousands of other investors in the private investor club. While the club is free, membership is restricted to investors who have no business connections to sponsors or platforms. Also, all members must agree to keep all club info confidential by signing a nondisclosure agreement. Click here to join or get more info.

 

Who are Fund Rise Competitors?

Here are the reviews and rankings for other similar sites.

 

• CrowdStreet

• 1031 Crowdfunding

• Real Crowd

• ArborCrowd

• Carlton Crowdfund

• Share States

• Roofstock

• Roofstock One

• SBRE Funds

• First Real Fund

• Realty Shares

• Equity Multiple

• Realty Mogul

• C.K. Mack

• Lending Home

• Holdfolio

• CityVest

• Prodigy Network

• Instalend

• Cadre

• All other sites (ranked and reviewed)

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• Top 100+ accredited investor sites (ranked and reviewed)
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