The Best Real Estate Crowdfunding Sites


Real estate crowdfunding has become quite popular because investors are able to view deals online, do their due diligence with the information organized on the platforms, and then invest with the click of a button.

(Updated for 2020)

The JOBS Act in 2012 was HUGE because it made it legal to crowdsource funding online. Shortly after, access to both debt & equity real estate deals exploded for investors.

Real estate crowdfunding has become quite popular because investors are able to view deals online, do their due diligence with the information organized on the platforms, and then invest with the click of a button.

All in all, it's made the whole process of investing in passive real estate much more streamlined. It also helps that the minimums to invest are typically lower than investing directly with sponsors in the past.

Since 2012, over 100+ real estate crowdfunding sites have come into existence. A good number of them have already closed shop with new ones still appearing on a weekly basis. So how do you determine what the top real estate crowdfunding sites are? Honestly, that's a tough task.

Well, I’ve been involved in real estate crowdfunding since 2014 and have been able to perform my own due diligence on a good number of those 100+ sites. I’m a fully subscribed member to all of the ones mentioned on my list and I keep a close eye on all of these platforms to invest in new deals.

I also have the chance to hear about how deals from platforms are doing from investors in our community, Passive Income Docs.

In future posts, I’ll review each of these crowdfunding sites in more detail.

The factors that went into making up this list include:

  • My own personal experience with the sites as an investor
  • Reputation amongst experienced investors in the space
  • Financial stability and market share of the sites

Here is my updated list of The Best Real Estate Crowdfunding Sites…


This platform is one of my favorites because of the quality of deals I've found on their site. They focus mostly on commercial real estate deals, both debt & equity.

They might have a slightly lower volume at this point than some of the other sites, but they say it’s due to their extremely stringent vetting process. I’m okay with that because ultimately it all comes down to how well the platforms vet the deals. To make it even more special, they personally co-invest in every deal, adding some of their own skin in the game.


CrowdStreet launched in 2014 and very quickly revolutionized the commercial real estate industry. They focus on providing their investors with direct access to a range of vetted, institutional-quality commercial real estate (CRE) opportunities and all the online tools needed to manage those investments. They seem to partner with the best of the best when it comes to nationwide real estate syndicators and funds.

What sets this platform apart is that they make investing in CRE accessible, transparent and efficient by directly connecting individual investors with CRE investment firms seeking capital for their projects.

They seem to have some of the best deal flow of all the sites meaning that there are a good number of opportunities to choose from at any given time. They also offer multiple types of deals including their own fund.

 Find out more…


RealtyMogul is one of the earliest players in the space. They specialize in a variety of deals – larger commercial equity deals to mobile home park funds to their well-known MogulREITs.

MogulREITs are known to provide steady, reliable returns for as little as $1000. They provide access to real estate crowdfunding for both accredited and non-accredited investors. Find out more…


They market themselves as the alternative to investing in stocks and bonds. They provide access to private market real estate through their eREITs and eFunds. You can build a portfolio using the various products to meet your goals.

Some are available to non-accredited investors. Find out more…


Real Estate Crowdfunding Summary

Real estate crowdfunding has really shaken up the real estate investment landscape by dramatically increasing the level of access to deals for the average investor. It helped me dip my toes into the real estate investing world and has now become a significant portion of my personal portfolio. In fact, I’ve invested nearly $400,000 in crowdfunding deals over the last three years.

Obviously, it’s not without risk, and if/when there’s ever a downturn in the housing market, you will likely see some more publicized losses. However, the better the platform, their management, and their vetting process is, the better off you’ll be.

No one platform will have a perfect batting percentage, there will be some deals that underperform. However, sticking to the ones that have good systems for vetting and underwriting (like those above) will help mitigate some risk.

It's also very important for you to perform the basic due diligence as well. One way is by joining our course Passive Real Estate Academy when it's open. Otherwise, there are many good resources out there, you just have to search and gather a bit.

Please remember that you have to be an accredited investor to invest in a good number of these sites.

I’ll share my personal crowdfunding results in the next post. 

Anybody else have some favorites that I didn’t mention here? How’s your experience been with some of these sites?


  1. I am a HUGE fan of real estate crowd funding. As of Aug’16, I have been invested in PeerStreet for a 6.39% return (ROI as of 31-May-17). PeerStreet is boasting ZERO principal losses since opening their doors. That is not to say there have not been defaults, but that they have been able to return all principal to investors when a deal goes south. Shows they can manage risk. Isn’t that the whole point of investing in tangible property – having the asset collateralize your investment and a low LTV??

    Great post PassiveMD. I enjoyed the read and will be looking into those platforms that offer a bit more diversity in the commercial space.

  2. I was researching P2P lending and was initially drawn to Lending Club and Prosper; however, after stumbling upon real estate crowdfunding, there is no comparison when one platform offers you collateral with your investment. That’s like ordering a sandwich at a deli and being asked if you want bacon! Every time, the answer is YES!

    What sold me on PeerStreet was 1) the team, their experience and their track record, 2) their underwriting process, and 3) the amount of information that they publish on the individual investments (i.e. appraisals).

    • I first started with LC after a coworker told me about it. Started ok with 5-6%, then up to almost 8%, but in the long run it’s been at 3.5%. I stopped the reinvesting and now taking withdrawals. My next venture was with Patch of Land. 2 investments went as planned although they promised an extra % on one deal and they didn’t deliver in the end and several emails and calls to them didn’t get replies which I think is totally unexplainable in the professional world. So I’m done with that platform.

      • I took my money out of Patch of Land and waiting for the money from a foreclosure. I have been using Fund that Flip and they are trying. 8% to 10%. No foreclosures for me. And someone answers my questions so I am happy with that.

  3. Thanks for the Review! There’s very little useful info out there to make comparisons. That prompted me to start a Blog on Real Estate Crowdfunding recently. By the way, RealtyMogul does not require accreditation for their MogulREIT. I verified this today with one of their investor’s reps. Appreciate it!

  4. Thanks for sharing. I’ve done zilch with real estate crowd funding. I’ve done quite a bit with REITS in the past, but only in our tax advantaged accounts. I’ll have to do more research. I’m seeing a lot of people going this route, but I’m not entirely convinced. Equities have served me quite well so far (15%+ annual returns the past 10 years).

      • The stock market has gone up 4x in last 10 years, with zero effort if you invested in index funds: that’s 15% annual return over 10 years. Most real estate investors play ostrich to that info… at least you seem surprised…

      • Earning 15% is easily done if you also invest in hotel projects or major office development projects. They are few, so you have to research quickly otherwise it gets funded very quickly. The IRR is huge, but it doesn’t really payback until the sale of the asset.

  5. I’ve never used real estate crowd funding but I am definitely intrigued. One that you didn’t mention that I’ve heard about is Fundrise. I don’t know much more than that but it seems like they are also players what appears to be a crowded real estate field. Thanks for sharing!!!

    • Thanks for stopping by. If you pull the trigger someday I’d love to hear about it. I probably should’ve mentioned Fundrise. I invested in one property early on through them before they changed their model. Thanks to your suggestion I’ll look into them again.

  6. I’ve invested with most of these, probably one of my favorite platforms is Crowdstreet, and was suprised that it was not on your list. It’s similar to Real Crowd, in that it markets deals to investors, and you invest directly with sponsor. Then once invested in a deal Crowdstreet just is a document/investor management portal for the sponsor. Have you invested in crowdstreet? Any particular reason not?

    • I am somewhat familiar with CrowdStreet and have heard good things about it as well. No particular reason except that I started with RealCrowd and have continued to invest with sponsors I was introduced to on there. I’ll also take a look around CrowdStreet and perhaps it’ll make it on the next version of the list. Thanks!

  7. I’ve also tested most of these sites. Peerstreet: 3 out 4 investments went ok. One is going to foreclosure so waiting on that. I might try Alphaflow or other debt funds for debt investments.
    Realtyshare: ok so far but sponsors are of lesser quality than Realcrowd and Crowdstreet. You r investing in a Realtyshare LLC which in turn invests in the deal.
    Patch of land. Don’t recommend
    Realcrowd and Crowdstreet: stronger sponsors and deals in general. Invest directly with sponsor and eliminates the platform middleman. These r my two favorite sites now. website is a good resource and community to vet platforms and sponsors.

    Btw, I know investors in the Hard Rock deal. Good thing u passed. It’s not going well.

    • Thanks for sharing your experience. Awesome information. Foreclosures are inevitable with the number of deals out there. You just hope the platform you’re investing in is well-equipped to handle them.

      Having a VIP pool cabana reserved for you every time you visited the Hard Rock was enticing, but found better places to put my money. Thanks for the update!

    • Sounds like I need a post on this. But a simplistic overview is this:
      – REITs are companies that invest in real estate by owning and managing a portfolio of real estate related investments (properties & mortgages). When you invest in a REIT, you buy shares and invest in the company.
      – RE Crowdfunding gives the investor the ability to invest in a single property & deal. When you invest in a crowdfunded property, you can invest directly in that property by buying shares of the deal. Actually though, some crowdfunding platforms have started their own REITs as well.

      Hope that’s a good initial explanation. Thanks for sharing the post!

  8. are there any crowdfunding sites that 1) allow non-accredited investors and 2) are available for Ohio residents?

    • Hope it’s okay if I jump in here again. Fundrise – you do not need to be accredited. RealtyMogul allows non-accredited investors into their MogulREIT. There might be others. I could not find anything about exclusions for Buckeyes! (I live close to the OH border). Would love to hear if anyone knows otherwise. I think information sharing is crucial since there are so many platforms out there. Thanks!

      • I don’t know if Groundfloor is open to OH, but I’ve invested in GroundFloor loans and it doesn’t require accredited investors. Impact Housing REIT is a newer one that markets to non-accredited.

  9. I am doing Fund that Flip and Patch of Land and so far OK. I know that Patch of Land had a foreclosure before, but seems ok now. I hate the accredited investor business.

    • Thanks for sharing your experience. I’ve heard of Fund that Flip but haven’t tried it… yet. I’m sure as volumes increase and the market shifts, there will be a number of foreclosures. I’m just very interested to see how these companies handle them.

      I do somewhat agree with the accredited investor qualification. The intent is good – to protect investors that may not be able to financially handle the loss of their investments. Unfortunately, it also leaves some investors who could really benefit from these types of investments from being able to participate.

  10. Have you tried Ground Floor? Looks like you don’t have to be an accredited investor on there. I’m thinking of taking the leap.

  11. I use 6 platforms investing thru my Solo 401K…Sharestates, Fund that Flip, Patch of Land, Lending Home, Realty Shares and Equity Multiple. Favorite is Sharestates. Avg 10% returns. Am concerned about future downturn and eventual increase in foreclosures.

  12. Yeah those are the big one, they offer the very minimal to investors. Where as start up such as our company Realtyevest, incorporates profit in to the investments; allowing the investors to earn combined returns of 18-28%. At the very least, its a chance to spread you money around a try out different platforms.

  13. Passive Income MD is a very informative blog/website. I highly recommend it for anybody trying to get financial literacy. Thanks. Gervasio Sanchez

  14. Nice Article I am searching for options available to invest in real estate and found your site. With the list of alternative to real estate investment sites which you provided will help me to made my decision.

  15. This is a great list of some the more popular real estate crowdfunding sites and good information. Investors should certainly research out these sites and compare to what could work best for them.

  16. P.I.M.D. you have a nice blog going, hope you keep it up.

    I have been investing with PeerSteet since March 2017. Out of 19 investments 3 have paid off early. I have had NO problems with my PS investments or with PS. Customer service has been very helpful. The 16 investments I currently have average 9.6%.

  17. Seems like RealCrowd really requires the individual investor to do a lot more of their own due diligence, yes? That’s something I don’t know that I yet have the skill to do, nor the time to learn the skills. That seems to move me out of the “passive” category and more into “active.” Something I wouldn’t mind doing eventually, but I am still quite busy in my clinical practice right now

    Perhaps EquityMultiple, RealtyMogul, or others would be a better choice of platform for those who don’t have time/expertise in performing DD??

  18. Nice to find this. Have you looked at Fund that Flip? Interested in your perspextive. I went in last year for two minimum share short-term rehab/construction loans in a NJ and NC property both paying 10% APR. Both have a few more months to go but so far so good.

    • Actually their reputation is quite good. But realize it’s just a posting board for syndicators. They do however partner with some pretty well established and reputable operators.

      • Isn’t realcrowd like one step lower than crowdstreet (in terms of the information provided about deals and the amount of due diligence you need to do?) I just made my first investment through on crowdstreet, there was one i am liking on realcrowd but a little hesitant to invest through there.

  19. Thank you for this information and multiple other posts that describe crowdfunding real estate. Thank you thank you!
    I am looking at the prospectus for Rich Uncles. Am I reading this right that shares are only sold in certain states?

  20. I’ve been hearing a lot on this crowdfunding movement. It seems to be getting more and more popular each day. Great receive more info!

  21. I’ve always been interested in investing in real estate but with the market being up and down all the time, kinda feels like a big risk.

  22. Very informative post. Been investing with RealtyShares for 3 years now – invested close to 250k in both equity and debt. Deal flow is really nice and they focus more on commercial which has been doing well. I pulled all my money from LendingClub. Disclosure – I am also an investor in RS co itself.

  23. I notice when registering on RealtyShares they ask for a phone consultation as part of the initiation process. Is this necessary, of value, OK to skip?

  24. Thanks for your posts! My individual 401k and backdoor Roth IRA are mostly invested in equities. However, I do have some reserve cash in both accounts that I was holding to invest in the next downturn. Instead, is it possible to invest in crowd funding opportunities within my retirement accounts?

    • It is absolutely possible to invest in crowdfunding opportunities with your retirement accounts. In fact, depending on the deal it may be preferable to do so. Look within the actual platforms and they will have that option available.

  25. Be careful with what company you invest with. A company that is suppose to pay interest on my 7 investments only paid 2. That means that the other accounts were behind. Also, one investment is going to foreclosure. However they did not do due diligence when the investigated the company, because it turns out they owe a lot of money to other companies plus they are suing the title company, because the title company missed that they had a lien on the next door lot also. As soon as I get my monies, they will be invested elsewhere.

  26. Thanks for the amazing post! Crowdfunding seems like a great way to go. I’m just in the research phase before pulling the trigger. I like the idea of investing in diverse properties over various markets (I figure this mitigates risks. I’m ok with a bit less return.) So I’ve been looking at sites like Fundrise. However I am concerned that my dividends would be taxed at my income rate. Am I correct about this? If returns are 6-8% is it even worth it without linking it to an IRA? Any similar sites without this issue? I have also read a little bit on Hard money loan funds. Any comments or recommendations?

  27. Great post! I’m in the research phase still before pulling the trigger. I like the idea of diversification and investing across different markets so Fundrise drew most of my attension. However, It seems as if the dividends with fundrise are taxed at my income rate. If this is correct, with returns of 6-8% is it even worth it without going through an IRA? Any similar type of site without this issue? I’ve read a little bit on hard money loan funds. Any suggestions or recommendations?

  28. I have invested heavily in Realtyshares since 2016 and the results have been less than stellar. So fat it’s about 3% cash on Cash return. Two deals are in default and one going into foreclosure. One deal is over a year past due to sell. The payments are late and some stopped paying.
    Maybe my expectations were not realistic? If I were to do it again, I would have invested smaller amounts and waited until maturity of the first deals before investing more and maybe investing in different crowdfunding platforms.
    Maybe they will pay out the late payments for all the deals that are delayed.. highly doubt it.
    I would invest with caution in Realtyshares.. they advertise everywhere, but so far not what I was expecting…

    • I was looking at them back in the Spring but I think I read they had only been in business for 3 years. Thought I would wait and watch how they do. I just heard they stopped taking new investments last week. Not sure what that means. Good luck to you.

  29. Great post! It would be a fantastic follow up if you would consider discussing the next step: how you go about picking deals on individual sites. What should one look for in differentiating the deals? Invest only in states with no state income tax? The detailed contracts for each investment are a true bear to read!

  30. Are any of these sites available for a 1031 exchange we were thinking of selling our real estate and investing in passive income instead.

  31. Certainly they are great sites for but it also depends for what region you are searching property for but i feel that more site could have been uploaded.

  32. How updated is this list, as the original article seems to be from 2017? Only dates I’m seeing are in the comments. Any preferences on the different platforms or advice on how to choose between them? Accredited investor status is not a problem.
    Thanks for the help and the resources on your site!

  33. What’s your opinion on how saturated the online crowdfunding space has become? Does it worry you that it seems like there is a new lending platform popping up every day? And do you feel like the market cycle plays an important role in deciding whether or not to invest in one of these crowdfunding platforms?

    • It has become quite saturated but I’ve noticed that platforms are dropping off all the time as well. That’s why I prefer to stick to those that are well established, have a a great team behind them, and have a sustainable model (unlike some that have gone belly up recently.)

      If you can time the market cycle, sure, it’s best to catch things on the upswing. There’s no doubt there has to be some sort of correction but no one knows the magnitude or timing of it. Based on “experts” I’ve talked to who keep a pulse on this sort of thing, they’ve mentioned to me that having another downturn like 2007-08 isn’t likely in the next few years.

      But again, who do you believe? I continue to invest if I feel I find a deal that makes sense.

  34. Thank you for the information!! I’m looking to start investing in these real estate funds but is now a good time? I would be an accredited investor!! How about passive storage investing funds?

    And you probably don’t remember me, but we did residency at UMMS around the same time. I am family medicine!! Great to see you’re doing so well!!

  35. I have found Fundrise very easy to use and a great way to obtain a different return driver other than stocks and bonds.

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