Top 15 Real Estate Crowdfunding Sites/Funds
2021 Honors and Reviews
(for non-accredited/every day investors)
Non-accredited investors (i.e. everyday investors) had only a handful of choices last year. And many weren't that great. Some came with large fees and some with questionable marketing.
Thankfully this year the pack has exploded to more than 15! And with more choices, fees have come down, the questionable marketing has gone down (although not completely on all), and quality is increasing. So today investors have a different problem: which one to choose?
Well, we've done months of legwork (including interviewing sites, investors, and poring through legal documents), to help you figure that out. Below are the industry honors and reviews of each site. (And if you're a data person, here's the enormous head-to-head comparison matrix that details all the data points we were able to gather).
And if you're newbie, and still confused and want a simple guide on how to pick, check out our "Which one should I pick?" guide.)
(Note: if you're an accredited investor, you have a lot more options than this list, and most are a lot less expensive. Please see the rankings and reviews for accredited investors, instead.)
Code of Ethics: To maintain objectivity, I do NOT 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.
Personal opinion only: All info is my personal opinion only as an investor. I am not an attorney, nor an accountant, nor your financial advisor. Always do your own due diligence and consult with your own licensed professionals before making any investment decision. Information is believed to be correct but may have errors, so use at your own risk. If you find an error, please let me know.
Ratings are general: In my opinion, every investor comes from a different risk tolerance and financial situation, so there's no such thing as a single investment or platform that's great for everyone. There are many deals that aggressive investors love, which I won't touch, and vice versa. And every investor has their own way of doing due diligence. I believe there's no one right way to do it.
So, the site ratings are based on criteria which I feel are important to the broadest range of investors (transparency, volume, bankruptcy protection, etc). And even though I have my own personal, conservative, due diligence method (and talk about how the site's deals measure up in the "deep dive section"), I don't use my personal criteria as a factor in the ratings. So for example, a high ranking/rating doesn't mean that I would personally invest in a site (and vice versa). Click here to see what's in my own portfolio.
Top non-accredited sites/funds
IMPORTANT COVID-19 UPDATE: this info was posted before anyone knew we would be facing a global pandemic in the spring of 2020. So it may be missing crucial information necessary to making an effective investment today. Some of the information in it may be dated, no longer accurate and/or irrelevant. For information on analyzing investments in this new era, see: "How will Covid-19 / Coronavirus Affect my Alternative Investment Portfolio?"
Most Experienced Sponsors*
Best Core-Plus Real Estate Funds
Best for Debt
*Minimum for consideration are principals with $2B+ previous total real estate experience and $100m+ previous experience in current fund strategy and real estate asset type.
Funds are not ranked since investors will have different criteria (For example, the best fund for a conservative investor will be completely different than an aggressive one). Instead, they are listed in alphabetical order. For help on choosing, click here for our Guide on Picking Non-accredited Funds.
FundRise eFunds and eREITs
Rich Uncles NNN Inc
1st stREIT Office
About Ian Ippolito
Ian Ippolito is an investor and serial entrepreneur. He has been interviewed by the Wall Street Journal, Business Week, Forbes, TIME, Fast Company, TechCrunch, CBS News, FOX News, USA Today, Bloomberg News, Realtor.com, CoStar News, Curbed and more.
Ian was impressed by the potential of real estate crowdfunding, but frustrated by the lack of quality site reviews and investment analysis. He created The Real Estate Crowdfunding Review to fill that gap.