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Best Real Estate Crowdfunding Platforms for 2024

Real estate crowdfunding is reshaping the investment world, making what was once the domain of the wealthy accessible to more investors. These platforms have dramatically reduced the entry threshold, democratizing access to this alternative investment avenue. Below are our top picks.
Updated: March 11, 2024
Edited by Nina Dale
Reviewed by Christian Allred
best online investing platform real estate review

Investing with real estate crowdfunding platforms can be an attractive alternative to buying property the traditional way. It lets you pool your money with other investors to go in on deals you couldn’t access otherwise—sometimes for as little as $10. It also makes diversifying your real estate portfolio across multiple properties easy.

However, real estate crowdfunding sites vary in their minimum investment requirements, fees, investment structures, and more. For example, some let you buy shares of individual properties, while others let you invest in funds that hold multiple properties (aka real estate investment trusts or REITs). 

We researched and ranked the top sites to help you choose which real estate crowdfunding platform(s) to try. Below you’ll find a review of each, its pros and cons, unique features, and more. 

Compare Our Top Picks

Arrived

CrowdStreet

Fundrise

Top Pick

RealtyMogul

DiversyFund

FNRP

EquityMultiple

Yieldstreet

Open to non-accredited investors?

Yes

No

Yes

Only for REITS

Yes

No

No

Only for REITs

Minimum investment

$100

$25K

$10

$35K 
($5K for REITs)

$500

$50K

$5K

$10k-$25k

Fees

*3.5% one-time sourcing fee
*0.15% quarterly AUM fee
(*Different fee structure for STRs)

Varies by offering

*0.15% advisory fee
*0.85% AUM fee

Varies by offering

*2% management fee
*Other fees may apply

*0.5-1.5% AUM fee
*Other fees may apply

Varies by offering

Varies by offering

Property type

Single-family rentals

Multifamily, Office
Retail,
Industrial,
Mixed-use,
Ground-up development,
Self-storage, Student Housing, Hospitality

Residential and commercial real estate

Multifamily, Office
Retail,
Industrial,
Mixed-use,
Ground-up development,
Self-storage, Single-Family

Multifamily

Grocery-anchored shopping centers, Multifamily communities, and Industrial

Equity, preferred equity, and senior debt investments among multifamily, office, hospitality, mixed-use, and student housing, plus cash management funds

Alternative investments, including real estate, CLOs, Short term notes, Art

Built-in IRA option?

Yes

Yes

Yes

Yes

No

Yes

Yes

Yes

Mobile app?

Android only

None

Android and Apple

None

Android and Apple

Android and Apple

None

Android and Apple

BBB rating

A+

Not BBB accredited

A+

Not BBB accredited

No rating

A+

Not BBB accredited

Not BBB accredited

Best for single-family rentals

Founded in 2019, Arrived lets you buy fractional ownership in single-family rental (SFR) properties. Investors benefit from property appreciation, realized at the end of the holding period, and regular rental income, distributed quarterly.

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Pros
  • Open to non-accredited investors
  • Low $100 minimum investment
  • Backed by Jeff Bezos & Spencer Rascoff
Cons
  • Short track record
  • Up to 15-year holding periods 
  • No commercial real estate options

As with most real estate, Arrived considers its properties long-term investments. So holding periods are generally 5-7 years for long-term rentals and 5-15 for vacation rentals. The platform doesn’t allow users to exit their investments before the holding period is over. 

Arrived handles selecting, purchasing, renovating, marketing, and managing the rental properties. Accredited and non-accredited investors can then buy shares of properties for as little as $100.

The company aims for 12- to 24-month long-term leases and uses major booking sites like Airbnb and VRBO for short-term rentals.

To make money, Arrived includes a one-time sourcing fee in the share price (3.5% of the property purchase price for long-term rentals and 5% for vacation rentals). It also takes out a quarterly asset management fee from each property’s rental income (0.15% of the property purchase price quarterly for long-term rentals and 5% of gross revenue for vacation rentals). 

In addition, some properties are leveraged with a mortgage (usually 60-70%), while others are bought with cash. However, all mortgages are non-recourse, meaning investors aren’t responsible for the debt and don’t need to qualify for credit.

Furthermore, each property is housed in a Series LLC to protect investors against personal liability and the off chance that Arrived ever goes out of business. 

In 2023, the company added a private real estate investment fund (REIT) that holds 8 single-family properties. It lets investors diversify across multiple properties and redeem all or part of their shares every quarter after six months (for a 2% fee between 6 months and 1 year, a 1% fee between 1 and 5 years, and for free after 5 years). 

Investors can also invest via Checkbook IRA or Solo 401(k) for added tax benefits. 

Regardless of the investment, Arrived lets you track its performance on an online dashboard, which shows estimated rental earnings, appreciation, and processed cash flow distributions. You can also access your account via an Apple app (currently, there’s no Android app, but the company plans to release one in 2024). 

The company website has a chatbot for asking FAQs and sending messages, which it typically replies to within a day. The site also lists a support email address but no phone number. 

On its website, the company boasts having paid over 3.5 million in dividends across 518K registered investors, who collectively own $125 million in property. The company is also backed by Amazon founder Jeff Bezos and former Zillow CEO Spencer Rascoff.

Overall, Arrived is a great option if you want to get exposure to single-family rentals across the U.S. Hand-pick properties that match your investment criteria or invest in the SFR fund to diversify across 8 properties at once.

Best for diversity among CRE property types 

CrowdStreet is an online marketplace for commercial real estate investments. Except for a private REIT, the company does not sponsor its own deals. Instead, it lets real estate sponsors apply to have their deals vetted and listed on the platform. Once funded, investments are then managed by the original sponsor.

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Pros
  • Large selection of deals
  • Institutional-quality offerings
  • Long track record
Cons
  • Only available to accredited investors
  • High $25,000 minimum investment
  • No mobile app

CrowdStreet offers all types of commercial real estate investments: multifamily, retail, office, medical building, self-storage, industrial, and land opportunities. In addition, the marketplace offers equity, debt, and hybrid investments. 

According to the company, equity investors typically earn quarterly dividends as a share of profits, while debt investors earn quarterly dividends at an agreed-upon interest. However, distributions aren’t guaranteed, and sometimes returns aren’t realized until the property sells. 

Furthermore, there is almost no option to redeem your capital or exit your investment before the hold period ends. Hold periods vary by investment but often last “multiple years” and are “not guaranteed,” the company website says.

Crowdstreet charges real estate sponsors fees for using the platform. Those fees reduce investor distributions. Additionally, sponsors also take fees as part of the deal, which can vary by deal, but typically include an acquisition fee and management fee, among others. Each investment’s fee structure is disclosed on the website, and users can log in to track their investment’s performance. CrowdStreet does not have a mobile app. 

Compared to other platforms, CrowdStreet has a high barrier to entry. It’s only available to accredited investors, and the minimum investment for most deals (including the private REIT) is $25,000.

Users can make offers, track their investment performance, and communicate directly with sponsors through an online portal, but no mobile app. Depending on the sponsor, investors may also be able to invest through a self-directed IRA. 

The company website has a chatbot for asking FAQs or sending messages as well as a contact email address. It also has a contact form that allows you to rank the urgency of your inquiry. However, there is no phone number.

CrowdStreet was founded in 2013. According to the company website, as of 20 October 2023, CrowdStreet inventors have invested $4.2 billion across over 798 deals, of which 168 have been realized. 

Ultimately, CrowdStreet has a long track record of successful commercial property deals. Between the marketplace offerings and the in-house “C-REIT,” there’s something for every commercial real estate investor.

Best for residential and commercial REITs

Fundrise was the first real estate crowdfunding platform available for non-accredited investors. It listed its first fractionalized property deal online in 2012. 

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Pros
  • Available to non-accredited investors
  • Ultra-low $10 minimum investment
  • Offers auto-investing
Cons
  • No single-property investments
  • Fundrise can suspend or delay investor share redemptions
  • Five-year holding period for most funds

Since then, the company has moved to a private REIT model. Users can choose between investment plans that favor long-term appreciation, supplemental income, or a mix of both. Each plan has a stake in multiple private REITs involving equity and debt investments in residential and commercial properties. 

For $10/month or $99/year, Fundrise Pro members can also customize their investment plan by choosing REITs directly for a more hands-on approach. That’s on top of a 0.85% annual asset management fee and a 0.15% annual investment advisory fee charged to all users. 

Investors can earn returns through quarterly dividends, which can be received as cash or reinvested, and the appreciation of shares, which can be liquidated quarterly (but may be subject to a 1% withdrawal fee if held for less than 5 years). 

Fundrise also reserves the right to suspend or delay redemptions during periods of extreme economic uncertainty, as it did at the start of the COVID-19 pandemic.

That said, you can invest on Fundrise with as little as $10, the smallest minimum investment of any crowdfunding platform, and you don’t need to be an accredited investor. The platform also lets you automate recurring investments and save for retirement through its built-in Roth and Traditional IRA offerings. 

Fundrise has an attractive and user-friendly interface with an online dashboard that lets you quickly see your account value, net contribution, net return, and portfolio breakdown. If you like to invest on the go, Fundrise also offers Apple and Android mobile apps. 

The Fundrise website has a contact form and chatbot for asking FAQs or sending messages. The company can also be contacted via email. On the downside, Fundrise only responds Monday through Friday from 9:00 AM to 5:00 PM ET, excluding holidays, and doesn’t have a phone support line.

According to its website, Fundrise has a $7+ billion real estate investment portfolio with 8,962 multifamily residential units, over 2.3 million square feet of industrial property for lease, and 3,471 single-family homes across 30 U.S. markets.

We recommend Fundrise if you want a truly passive investing experience. Choose an investment plan that fits your goals, set up auto-investing, and you’re all set.

Best for diversity among CRE property types and REITs

RealtyMogul is an online marketplace for commercial real estate deals. However, it also offers two private REITs: one that focuses on generating monthly dividends for investors and another that targets long-term capital appreciation. Both are open to non-accredited investors starting at $5,000 (or $1,000 if investing through an IRA). 

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Pros
  • Has built-in IRA options
  • Offers auto-investing
  • REITs open to non-accredited investors