Real estate crowdfunding has been a popular investment option for many people over the years. There are more applications and services being added to the list every month. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific applications.
This review compares LendingHome and Rich Uncles . The better service depends on your needs. Let's dive in!
According to our readers (you!), when it comes to real estate crowdfunding, people
care most about the minimum investment required, whether they need to be an
accredited investor, and whether or not the software has support private reits.
Let's look at how LendingHome and Rich Uncles stack up
against each other on these threads.
To start, we will consider the minimum investment required for both applications. In other words, how much does one need to invest to use the service? Out of the two, Rich Uncles minimum investment of $500 is smaller than the deposit of required by LendingHome.
Being an accredited investor is often required from real estate crowdfunding
LendingHome requires accreditation whereas Rich Uncles does not. If you aren't an accredited investor, then you can only use Rich Uncles.
When it comes to having support for private REITs, there is a clear division between LendingHome and Rich Uncles. Rich Uncles does have support for private REITs, while LendingHome does not.
|Review||LendingHome Review||Rich Uncles Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||1.0% - 2.5%||None|
|Investment Length||0 - 12/months||N/A|
|Regions Served||AZ, CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA and WV||CA, CO, CT, FL, GA, HI, ID, IL, IN, KY, LA, MT, NH, NV, NY, SC, SD, TX, UT, VA, VT, WI, WY|
|Self Directed IRA|
|Sign Up||Sign Up|
LendingHome is an alternative to the traditional residential mortgage process, using technology to simplify and speed up the process for both borrowers and investors. On the positive side, you get instant cash flow with any investment. On the negative side, you need a minimum of $50,000 to invest.
About Rich Uncles
Rich Uncles is a public non-traded real estate investment trust (REIT). You don't need to be accredited to invest, the tenants are screened, and you can get in with a low minimum investment. However, this is a long-term investment, which might not please traders who want quick returns or exit.