The Investment Thread
So just an update, it’s only been 4 months since i invested in Fundrise, but i really like it so far.. my investment has already grown by about 12.5% , and that doesnt include the small dividends that were distributed to me at the end of the first (fractional) quarter after i invested, and then just this week from Q3.. yall may want to look into it, it’s a good way (for me, at least) to make some money off of real estate , while sitting out the market myself in terms of buying another home til things cool off.
I just invested a significant (for me, anyway) amount in Fundrise.. ive been considering them for over a year and a half, then lately ive seen multiple articles like the one I’m linking below- showing that institutional investors and those with ‘deep pockets’ are outbidding the average person/couple bidding on homes for sale around the US (the article headline is a little misleading since it blames ‘pension funds’ when in fact it’s mostly large investors and REITs).. in some cases, they are buying entire neighborhoods/developments and turning them into rentals.. while i think that this is sh**ty overall for society, i recently sold my home in NOLA and am now renting for the time being.. with the hot sellers’ market now, my prospects for buying are not looking very good, so my thought process is ‘If you cant beat ‘em, then join ‘em’…. Instead of letting the $$ i made from the sale of my house sit and lose value, at least I’ll hopefully derive some profit from what companies like Fundrise are doing, and won’t totally be left out in the cold.
https://www.dailymail.co.uk/news/ar...n-funds-outbidding-middle-class-families.html
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So just an update, it’s only been 4 months since i invested in Fundrise, but i really like it so far.. my investment has already grown by about 12.5% , and that doesnt include the small dividends that were distributed to me at the end of the first (fractional) quarter after i invested, and then just this week from Q3.. yall may want to look into it, it’s a good way (for me, at least) to make some money off of real estate , while sitting out the market myself in terms of buying another home til things cool off.