Over the last few years, real estate prices have skyrocketed, leaving many hopeful investors feeling priced out of the market. In addition, many who once considered becoming real estate investors have realized that becoming a landlord can be overwhelming. It’s one reason that real estate crowdfunding platforms have grown in popularity in the last few years.
When you think of crowdfunded real estate investing, Fundrise may come to mind. One of the first major players, Fundrise allowed investors to enter the real estate market without the hassle of going through the typical home-buying process. Over the last decade, many Fundrise competitors have popped up, and investors have more options than ever.
Why Did Fundrise Become So Popular?
Fundrise allows you to invest in real estate without the traditional 20% down payment, which is a hefty commitment. Instead, you can get started in real estate investing for as little as $10.
One of the items that we would always need in the world is money. This is because it is with money that we can get other items that we need, both tangible and intangible. Thus, we all try to earn money by working. However, the money we make would never really be enough for us if we are to spend on everything we want. But even for the things that we need, there are instances where we might not have enough money. When the need is urgent and compulsory, we would sometimes have to source for funds if we do not have the money handy. Sourcing for funds would imply asking for help from family members, friends, and acquaintances or looking for loans. Fortunately, there are now many ways we can get loans that would not be as embarrassing as asking people around us who might turn us down …