We’ve compiled a list of the Top 7 Real Estate Investing Apps in 2023 that have transformed the landscape for investors and can allow you to start investing with as little as $10
Best Real Estate Investing Apps
In today’s digital age, investing in real estate has become more accessible and dynamic than ever before. Long gone are the days of needing hundreds of thousands of dollars to start your journey into property investment. With the help of technology, you can now dip your toes into the world of real estate through your smartphone or computer, using the power of real estate crowdfunding and REITs.
We’ve compiled a list of the top 7 real estate investing apps in 2023 that have transformed the landscape for investors: Fundrise, Groundfloor, Streitwise, RealtyMogul, EquityMultiple, Fund That Flip, and Arrived Homes.
Let’s dive deeper into each one.
1. Fundrise
Best for: Beginner Real Estate Investors
- Overview: Fundrise is a crowdfunded real estate investing app that allows small investors to put their money into large real estate projects and portfolios. Fundrise offers eREITs (electronic Real Estate Investment Trusts) and eFunds, and caters to both accredited and non-accredited investors.
- Minimum Investment: $10
- Investment Type: Real Estate Investment Trusts (REITs)
- Fees: 1%/year
- Pros: Low minimum investment requirement, diverse investment opportunities, and simple, user-friendly platform.
- Cons: Investments are not very liquid, and there may be fees during the lifespan of the investment.
- Current Promotions: None listed
Go Deeper: Read our full Fundrise Review
2. Groundfloor
Best for: Short Term Real Estate Investors
- Overview: Groundfloor specializes in short-term, high-yield real estate debt investments, specifically in the form of real estate loans for renovation projects.
- Minimum Investment: $10
- Investment Type: Fix and Flip individual properties
- Fees: None. Borrower pays.
- Pros: Open to non-accredited investors, low minimum investment ($10), and potential for high returns.
- Cons: Investments come with the risk of borrower default, and the platform mainly focuses on single-family residential properties, limiting diversification.
- Current Promotions: None listed
Go Deeper: Read our full Groundfloor Review
3. Streitwise
Best for: Dividend Investors
- Overview: Streitwise offers crowdfunded investments in commercial real estate. It focuses on creating and managing its own REITs, aiming for high dividends.
- Minimum Investment: $5,000
- Investment Type: Real Estate Investment Trust
- Fees: None. Borrower pays.
- Pros: Reasonable fees, access to commercial real estate opportunities, and solid dividend track record
- Cons: Illiquid investment, minimum investment of $5000 could be high for some investors.
- Current Promotions: None listed
Go Deeper: Read our full Streitwise Review
4. RealtyMogul
Best for: Active Real Estate Investors
- Overview: RealtyMogul is a real estate crowdfunding platform that offers investments in commercial and rental real estate. They cater to both accredited and non-accredited investors, making this platform good for passive and active real estate investing.
- Minimum Investment: $5,000
- Investment Type: REITs, individual properties
- Fees: 1-1.25% for REITs
- Pros: Variety of investment options, including individual properties, REITs, and 1031 exchanges. Strong track record of successful deals.
- Cons: High minimum investment for individual properties, illiquid investments.
- Current Promotions: None listed
Go Deeper: Read our full RealtyMogul Review
5. Diversyfund
Best for: Multifamily Real Estate Investing
- Overview: DiversyFund is a real estate crowdfunding platform that invests in multifamily real estate through a non-Ttraded REIT (Real Estate Investment Trust). The REIT currently manages 12 multifamily assets across 6 states with a current market value of $175 million.
- Minimum Investment: $500
- Investment Type: Real Estate Investment Trust (REIT)
- Fees: 2%/year
- Pros: Fund managers invest alongside investors,
- Cons: No early redemption options, complicated fee structure
- Current Promotions: None listed
Go Deeper: Read our full DiversyFund Review
6. Arrived Homes
Best for: Rental Property Investing
- Overview: Arrived Homes is a platform that allows you to invest in rental properties by purchasing shares in individual homes.
- Minimum Investment: $100
- Investment Type: Single-family rental property
- Fees: 1%
- Pros: Offers a unique model of owning fractions of a rental property, low minimum investment, and potential for income from rental yields and property appreciation.
- Cons: Relatively new to the market, which could come with inherent risks. No dividend reinvestment
- Current Promotions: None listed
Go Deeper: Read our full Arrived Homes Review.
7. Fund That Flip
Best for: Rental Property Investing
- Overview: Fund That Flip is a real estate crowdfunding platform focused on providing short-term loans for residential real estate flippers.
- Minimum Investment: $5,000
- Investment Type: Single Family Fix and Flip
- Fees: 1-3% per investment
- Pros: The platform offers quick turnarounds on loans and a strong track record. It offers high-interest rates to investors and caters to both novice and experienced investors.
- Cons: Only available to accredited investors. Investments come with the risk of borrower default.
- Current Promotions: None listed
Go Deeper: Read our full Fund That Flip Review.
The Bottom Line
Each of these apps and platforms offers unique ways to invest in real estate, catering to different financial goals and risk tolerance levels. While this list serves as a useful guide, it’s essential to conduct your own research and consider seeking advice from a financial advisor before diving into the world of real estate investing.
