#34: Investing in real estate with $500 | Fundrise Review #2
A few months ago, I told you about my experience with Fundrise. It’s a platform that allows you to invest in real estate with as little as $10, even though I started with $500. In that video (linked here: https://youtu.be/BghTOB5mJkI), I discuss the what and why behind my decision. But in this video, I’m going to provide a Fundrise review that details 3 reasons why I continue to invest with Fundrise, and how I’m using the additional money. I’ll also share:
-How my shares performed well during the pandemic
-How I was able to continue investing while purchasing my first home
-What my account looks like now
Fundrise is the first investment platform to create a simple, low-cost way for anyone to access real estate's historically consistent, exceptional returns – and I am an active investor. I heard of this platform almost a decade ago when I was saving for my house, and paying off debt, but still desiring new, unconventional ways to invest in real estate. This has allowed me to do so without the hassle.
As real estate investors, we are able to buy into private residential (i.e. homes) and commercial (i.e. office buildings) and Fundrise pools that money together in the form of REITs (real estate investment trusts). Just like company stocks, you have the option to receive quarterly dividends or equity (i.e. getting the cash later as the properties continue to appreciate).
If you’re ready to open your account, use my referral code (https://fundrise.com/invitation-program/welcome?inviteKey=n3yooe&utm_medium=invite-link&utm_source=fundrise&utm_campaign=investor-invitation)to get $50 credited to your new account. This means you are starting with $550, instead of $500. You’re welcome!
Resources:
How I saved for my down payment with a high-yield savings account video: https://youtu.be/s9fKzC6sZXQ
What is an Earnest money deposit video: https://www.youtube.com/watch?v=xxYZL7I5wx0&t=0s
[VIDEO] My debt free journey: https://youtu.be/C0Tyt3n7PCY
The #1 Workbook for first-time homebuyers: https://www.maximizedmoney.com/ready-to-own
Biggest mistake I made in my homebuying journey: https://youtu.be/Yn-LsYujGtA
First time homebuyer loans:
https://www.maximizedmoney.com/first-time-homebuyer-loans
Instagram (we have lots of fun over here):
https://www.instagram.com/maximized.money
Ready to find the right real estate agent for you? Download my free checklist for questions to ask:
https://www.maximizedmoney.com/homebuyers-checklist
Want to get your finances together for your big home purchase? Join my free Homebuyer Goals Challenge:
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