FundriseReviews of fundrise.com

I'm reasonably happy with my basic Fundrise account (although I haven't tried withdrawing funds yet, which might change my mind). But BEWARE of doing an IRA through Fundrise and their partner Millenium Trust. MT charges a flat $125 asset fee on these Fundrise IRA accounts, which is a proportionally huge fee if you only have a small IRA balance (and you'll still be paying Fundrise's account management fees on top.of that). By the time I was billed for the $125 flat fee it was too late to liquidate my account, and now I'm stuck paying it, thereby wiping out most or all of the potential annual earnings on my IRA and also having my money tied up by Fundrise's liquidation policies. So unless you plan to open a large IRA account in the six figures this fee is a total rip-off. Look elsewhere for good IRA investments.

Invested thousands dollar and redeemed them within full refund period. That is no full refund. The refund is part of original fund and dividend. That is cheating. The result is a little less than my original fund. How they claim full refund? Not the way you think. You must look into all agreements. Furthermore, checking tax statement, the dividends are there, which mean you have to pay tax fee. If you put the money for long term and maybe get profit. Otherwise, stay away such cheating company. Such trap and don't jump into it.

Whatever you do, don't ask them to update your legal name. Might as well wait until your ready to close your account. I am now into the process for over 7 weeks. During this time you cannot invest or receive dividend reinvestment. Other firms you submit your documentation and your done within a week, not so here. Emailing support just tells me it takes time.

An excellent alternative to publicly traded real estate funds, great for diversifying a portfolio. Still waiting to see how this investment pans out. If you are not trying to invest with an at least 3-5 year horizon this is NOT for you. Its CLEARLY stated in their terms that any withdraws will take at least 3 months. You should NOT be investing your monies into project like this if your expecting 8% returns in 30 days. PLEASE READ before you INVEST. It makes the market more difficult for the rest of us. Go to the casino and play craps if you want high-risk high-return investments.

This is a scam. I put my money into it last year, I put a request in to redeem my money (even if I have to pay a fee) they sent me an automated email (that other investor has received as well) that I have to wait till November of this year and that it is not a guarantee that they will release my funds. It is a scam, do not put any money into this fake company. There is no customer service phone number either. Do not do it. I am worried I will never get my money out.

This service has been great for the first 6 months. Overall though I would recommend that anyone considering using Fundrise temper their expectations, as it will take time to see how well their model works.

Great way to invest!

I think the 4/5 star reviews are such because they have not gone through the redemption process!!!! I am in the process of trying to pull my money out and completed the redemption request yesterday 9/11/19 and this is what the auto responder sent me: "Your request for redemption has been submitted and we expect to process your request on November 30, 2019, however there is no guarantee that your request will be fulfilled. We’ll be in touch with more information at that time." Based on the other reviews it looks like there are other people who have experienced the same issues. There is no customer service number for you to reach anyone either. I'm concerned this company is probably a scam. Unfortunately I will not be able to find out if my money is deposited until November.