February 24, 2024

Banking
Learn
Savings Accounts
Checking Accounts
Certificate of Deposit
Money Market Accounts
Credit Unions
Loans
Interest Rates
Reviews
Get Started
Best Savings Accounts
Best Checking Accounts
Best CD Rates
Best Money Market Accounts
Best National Banks
Best Online Banks
Best Regional Banks
Best Credit Unions
Best Bank Promotions
Find The Best Bank For You

Investing
Learn
Stocks
Bonds
Cryptocurrency
Brokerages
Funds
Real Estate
Your Strategy
Reviews
Get Started
Best Online Brokerages
Best Investing Apps
Best Mutual Funds
Best Stocks for Beginners
Best Robo-Advisors
Cheap Stocks to Buy New
Best Cryptocurrency to Buy Now
Next Big Cryptocurrency
Find The Best Bank For You

Retirement
Learn
401k
IRAs
Social Security
Annuities
Savings Advice
Get Started
Best IRA Providers
Best Roth IRA Providers
Best 401k Companies
Best 401k Plans
Retire Early
Best Online Banks
Best Regional Banks
Best Credit Unions
Best Bank Promotions
Retirement at Any Age
Retirement at Any Age

Credit Cards
Learn
News & Advice
Rewards
Retail
Business
Reviews
Get Started
Best Credit Cards
Best Reward Cards
Best Cash Back Cards
Best Balance Transfer Cards
Check Credit
Raise Credit
Repair Credit
Find The Best Card For You
Live Richer™
Learn
Saving Money
Money
Shopping
Budgeting
Home Tips
Side Gigs
Net Worth
Financial Planning
Taxes
Get Started
Create a Budget
Tackle Debt
Know Your Net Worth
Find a Side Job
Your Money Champion
Pay off Your Mortgage
Live Richer Podcast
Find The Best Bank For You

Trending
Trending Topics
News & Events
Crypto on the Go
Travel Rich
Filing Taxes 2022
Back to School Finances
GEN Z: The Future of Finances
Small Business Spotlight
Financially Savvy Female
Economy Explained
Top Money Experts
Retirement at Any Age
GOBankingRates Newsletters
Retirement at Any Age

Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.
Investing in real estate is a great way to both diversify your portfolio and earn passive income and/or capital gains. However, owning real estate can present some challenges, especially for a first-time investor.
Inflation Relief Checks: When Will You Get Yours?
Read: Should You Still Buy a Home in Today’s Market?

For starters, the best way to generate profits from real estate is to have specialized knowledge of what properties are good deals. In other words, while everyone knows that “location, location, location” is what makes winning real estate investments, a new investor may not have any idea of just what “location” is ideal.
This is why using real estate apps has generated such excitement. Now you can invest collectively in a real estate portfolio managed by experts from the palm of your hand, often at a low cost. But as with other forms of investing, some platforms are better options to use than others. Here’s a list of some of the best real estate investing apps that you can pick and choose from, depending on the type of investor you are.
Happy Nest is a good real estate investing app to take a look at because it charges no fees. In only a few minutes — and with just $10 — you can set up an account and immediately begin investing in a diversified portfolio of income-producing investments. Much like pioneering savings app Acorns, Happy Nest also allows you to link your credit or debit cards and round up your purchases to the nearest dollar, with the extra money getting invested directly into your Happy Nest real estate account.
Happy Nest primarily invests in properties that rent to Fortune 100 companies like FedEx and CVS. Recently, the company has expanded its portfolio to include industrial and multi-family properties, with the belief that this type of diversification reduces risk, raises stability and increases long-term returns.
Take Our Poll: Have You Ever Lost Wealth Due to a Natural Disaster?
DiversyFund is another option that may appeal to beginning investors because it is simple to use and has a minimum investment of just $500. As with Happy Nest, DiversyFund also charges no management or transaction fees. However, DiversyFund focuses exclusively on multifamily assets, which the company claims historically outperforms the S&P 500 index and provides a hedge against inflation.
Currently, the company’s portfolio consists of the following:
The app offers an auto-invest feature so you can continually add to your portfolio. It also features extensive information regarding real estate in general, so you can increase your understanding as you build your portfolio.
Groundfloor dubs itself a “savesting” app, as it offers everything from a basic savings account and loan options to an investment account backed by first-lien real estate. The investment app allows users to choose between individual renovation projects or automatic investing according to your own personal criteria. Assets are invested in residential real estate.
Groundfloor repays investments every four to 12 months on average, so if you continually invest for four consecutive months, you should start receiving distributions monthly thereafter. The app boasts average annual returns of 10% over the past eight years, and it has no investment fees or maximum balance restrictions.
The app has over 200,000 investors and more than $240 million under management, and it only requires $10 to get started.
CrowdStreet is an interesting option because it is the polar opposite of the apps for beginners listed above. For starters, CrowdStreet only invests in commercial real estate properties. However, rather than handing your money over to a blind pool completely run by professional managers, CrowdStreet offers you direct access to specific sponsored real estate listings that you have to choose to invest in on your own. If your offer is accepted, you become a direct owner of that listing, along with other investors who have pooled their money together to make the investment.
For example, you might choose to invest in the “Evanston Multifamily Portfolio,” which consists of a five-property, multifamily portfolio in downtown Evanston, Illinois. This type of investment requires more knowledge on the behalf of the investor, so CrowdStreet is only available to accredited investors that can invest at least $25,000.
As of Sept. 2022, the app has raised $3.93 billion, has launched 661 deals and has provided an internal rate of return of 18.5%.
One thing to note is that although CrowdStreet doesn’t charge any management fees, you will have to pay listing sponsors for access to their deals. But if you’re already an experienced real estate investor, CrowdStreet might appeal to you more than some of the other available apps.
More From GOBankingRates

Share This Article:

Sponsored Links by Zergnet Zergnet
Every day, get fresh ideas on how to save and make money and achieve your financial goals.
Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.

Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.

source

About Author

Leave a Reply