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 Sharestates 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 Sharestates 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 Sharestates.
Being an accredited investor is often required from real estate crowdfunding
Sharestates 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 Sharestates and Rich Uncles. Rich Uncles does have support for private REITs, while Sharestates does not.
|Review||Sharestates Review||Rich Uncles Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||0-2% setup fee||None|
|Investment Length||6 - 24/months||N/A|
|Regions Served||AL, AK, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV and WY||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|
Sharestates is a real estate crowdfunding service. You can invest in debt, residental or commercial properties. It requires only $1,000 to start investing. However, you must be an accredited investor to participate, and it has a 2% annual fee.
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 (how does $5 sound?). However, this is a long-term investment, which might not please traders who want quick returns or exit.