#21: I started Real Estate Investing with $500 | Fundrise review


first-time homebuyer tips

If you’ve been wanting to start real estate investing but struggling with the costs associated, then you will love this Fundrise review. 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, 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 a 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).


When I first started, I opted for cash-flowing properties because I was eager to pay off my student loan debt (video on that: https://youtu.be/C0Tyt3n7PCY). My initial investment was $500 because I wanted to learn and understand the platform. But like clockwork, I received dividends every quarter since then. In fact, my average rate of return is around 7%, which is higher than you’ll get with traditional investing. 


Once I paid off my student loans, I adjusted my account to be mostly equity-driven, which means that my money invested is likely going toward projects that are “under construction” and not “occupied”. This works for my life right now because I don’t need the cash as much, and I want to gain from cashing out later once the properties have appreciated in value.


This sounds like a lot I know but after watching the video, check out my eBook for more information (link: https://www.maximizedmoney.com/reits) and also 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:


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


Podcast: Real Estate Prep:

https://www.maximizedmoney.com/episodes (available on all streaming platforms)


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:

https://www.maximizedmoney.com/homebuyer-goals-challenge


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