Real estate crowdfunding

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does anyone know if real estate crowdfunding platforms are legit?? If so which ones are good and do they actually give investors a return on investment ??

[Ian Ippolito]

Yes I have been paid returns, but that doesn't mean you should count on every site (or deal) being the same way, and I would recommend doing your due diligence.

Most of the non-accredited platforms have deals with really high fees, very little or no skin the game and less experienced sponsors than accredited deals. So no: I don't invest in either Fundrise or Realty Mogul myself.

But if I were nonaccredited, I would consider both of those for either a 3rd or 4th choice in my portfolio. Personally I would start with the largest and most experienced fund in the industry, which also has the most conservative strategy: Blackstone Real Estate Investment Trust (BREIT).

Fundrise and Realty Mogul both have an income fund with similar fee structures that might be a good addition after a core plus fund like BREIT. Fundrise will try to get you to invest your money across all of their deals, which isn't something I would personally want as a conservative investor because of the risk profile of some of their offerings. But if you are more aggressive, maybe this would be interesting to you. 

If you want more details on my personal recommendations, feel free to private message me.