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 PeerStreet 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 PeerStreet 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 $5 is smaller than the deposit of required by PeerStreet.
Being an accredited investor is often required from real estate crowdfunding
PeerStreet 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 PeerStreet and Rich Uncles. Rich Uncles does have support for private REITs, while PeerStreet does not.
|Review||PeerStreet Review||Rich Uncles Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||0.25% - 1.0% setup fee||None|
|Investment Length||6 - 24/months||N/A|
|Regions Served||50 States||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|
Despite the low minimum initial deposit requirement, PeerStreet is not an investment platform that will work for most investors, and certainly not small investors. PeerStreet will appeal to certain high asset, high-risk investors, but it is not a platform for the average investor.
About Rich Uncles
Rich Uncles is a investing platform that sponsors three public non-traded real estate investment trusts (REITs). You don't need to be accredited to invest, and you can get in with a low minimum investment (how does $5 sound?). However, this is a long-term investment, which might not please traders who want quick returns or exit.