Fundrise

Fundrise is the mass-market default for private real estate and, increasingly, private credit: a $10 minimum, no accreditation required for the core funds, a clean regulatory record over 14 years, and roughly $3B+ AUM across 400k+ active investors (platform-reported). It is the cheapest and most accessible diversified entry in the niche, provided you accept self-marked NAVs and liquidity that can be gated exactly when you want out. Core real estate funds charge 1.00% all-in (0.15% advisory plus 0.85% management); the Innovation Fund charges 1.85%; the accredited-only Opportunistic Credit Fund II charges 1.75% management plus a 20% incentive over a 10% preferred return, requires $50,000, and has no redemption provision at all. Platform-reported results: Income accounts returned 7.57% for the twelve months ended 3/31/26; OCF I paid an annualized distribution of 12.8% (Oct 2025); OCF II targets 9-11% net. Core funds offer quarterly redemption windows with possible penalties or gates. Founded in 2012 with no fraud or enforcement history. The honest flags are structural rather than scandalous: eREIT NAVs are self-marked, growth-oriented funds posted flat-to-negative returns in 2022-2024, and redemptions were queued during the 2022-23 stress. The credit sleeve, lending to homebuilders and sponsors at post-2022 rates, genuinely benefits from banks' retreat, but the best credit vehicle (OCF II) is $50,000 and accredited-only.