Fundrise?

[Benjamin Necci]

Does anyone have any experience with an investment vehicle like  https://fundrise.com/? Just curious if it is a big scam, or something to be considered. Maybe a good move for a novice? anyone have any thoughts?

[Behrooz K.]

@Danielle Baylor What I liked was that they paid their quarterly dividends as promised in all the eREITs. I pulled out less than a year ago after almost 2 years being invested. They took their sweet time (almost 3 months) to return my investment plus dividends less the 3% withdrawal fee. 

I pulled out because their sec filing continually showed net loss and this article worried me:  

https://techcrunch.com/2016/02/15/well-funded-fund...

If you are serious about investing with them, please read the risk disclosure thoroughly and when you do, don't think what's listed there is unlikely to happen, it sure can.

And rule of thumb, don't invest money you can't afford to lose.