Fundrise, an online real estate investment platform, has introduced a new introductory offer designed to onboard smaller investors.
The Fundrise Starter Portfolio starts with a $500 minimum and includes a 9.25% annual dividend yield and zero advisory fees through the end of the year. If you want to try it out the Starter Portfolio comes with a 90 day guarantee. If you have a change of heart, Fundrise will purchase your investment back at the original investment amount. Not a bad deal to test the waters.
The Starter Portfolio is spread evenly between the Fundrise Income eREIT and Growth eREIT so you get a highly diversified portfolio immediately. Both of these eREITs use the Reg A+ exemption so both accredited and non-accredited investors may participate. As it stands now, the Starter Portfolio will pay dividends each quarter with additional distributions made available when properties are sold.
So what’s in it for Fundrise? All investors pay an annual asset management fee of 0.85%. The annual investment management advisory fee is 0.15% per year. So all in, you are talking 1% per year in fees.
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