Passive Income Power: Investments That Work for You

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Investing with Fundrise, a real estate investment platform, allows individuals to invest in a diversified portfolio of real estate assets. Here’s a step-by-step guide on how to get started:

1. Research and Understand Fundrise:

  • Website: Visit the Fundrise website to understand the platform, its offerings, and the types of real estate investments available.
  • Investment Types: Fundrise offers various investment options such as eREITs (Electronic Real Estate Investment Trusts) and eFunds. These are diversified portfolios of commercial and residential properties.
  • Returns and Fees: Review the historical performance, potential returns, and fee structure. Fundrise typically charges an annual advisory fee and other management fees.

2. Create an Account:

  • Sign Up: Create an account on the Fundrise platform by providing your personal information, including your name, email, and phone number.
  • Verify Identity: Complete the identity verification process, which usually involves providing a government-issued ID and other personal information.

3. Choose an Investment Plan:

  • Starter Portfolio: Ideal for beginners, the Starter Portfolio requires a minimum investment of $10.
  • Core Plans: Fundrise offers various core plans (Supplemental Income, Balanced Investing, Long-Term Growth) that cater to different investment goals. Each plan requires a minimum investment of $1,000.
  • Advanced Plans: For those with higher investment amounts ($10,000+), advanced plans offer additional features and customization.

4. Fund Your Account:

  • Link Bank Account: Connect your bank account to transfer funds into your Fundrise account.
  • Deposit Funds: Make an initial deposit based on the minimum investment requirement of your chosen plan.

5. Invest in Real Estate Projects:

  • Diversification: Fundrise automatically allocates your funds across various real estate projects to diversify your investment.
  • Monitor Investments: Use the Fundrise dashboard to track the performance of your investments, view project details, and monitor earnings.

6. Reinvest Earnings:

  • Dividend Reinvestment: Opt to reinvest your dividends to benefit from compounding returns.
  • Withdrawals: You can also choose to withdraw your earnings periodically, subject to Fundrise’s redemption policies.

7. Stay Informed:

  • Regular Updates: Fundrise provides regular updates and reports on your investments, including property performance and market conditions.
  • Educational Resources: Utilize Fundrise’s educational resources and blog to stay informed about real estate investing trends and strategies.

8. Adjust Your Portfolio:

  • Review and Adjust: Periodically review your investment goals and adjust your portfolio if needed. Fundrise allows for reallocations to different plans as your financial goals evolve.

9. Tax Considerations:

  • Tax Documents: Fundrise provides annual tax documents such as 1099-DIV for dividend income. Consult with a tax advisor to understand the tax implications of your investments.

Investing with Fundrise offers an accessible way to diversify your portfolio into real estate without the hassle of directly managing properties. By following these steps, you can start investing in real estate with relatively low initial capital and benefit from the potential growth of the real estate market.

If you not sure how much to invest and need help with Budget. Please connect with Coach Noni here! Schedule call with me.

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