Platform comparison
Private Real Estate Investing Platforms Compared
Platforms at a glance
- Independent sponsors' offerings
- Relli (3 sponsors open, 14 listed); RealtyMogul (1 open, Oct 27)
- Outside managers' funds
- Crowd Street: 10 funds from 8 managers; Willow mixes in its own
- Own or one sponsor's offerings
- EquityMultiple (Larson), Origin, Cardone
- Lowest accredited minimum
- $5,000 (Crowd Street; EquityMultiple notes)
- Open to anyone
- Fundrise, from $10
- Form D median minimum
- $50,000 (Oct 2025 to Sep 2026)
relli.co, crowdstreet.com, EquityMultiple FAQ and Fundrise checked Nov 2, 2026; other platforms per their filings and pages, Oct 27, 2026; SEC Form D data.
The short answer
The private real estate platforms compared here are Relli, RealtyMogul, Crowd Street, Willow Wealth, EquityMultiple, Origin Investments and Cardone Capital. They differ most in who picks the deals: Relli and RealtyMogul list independent sponsors' offerings, Crowd Street sells large managers' funds, and EquityMultiple, Origin and Cardone sell mainly their own or one sponsor's. Most are for accredited investors, with minimums from $5,000 to $250,000. Fundrise, open to anyone from $10, is the main contrast.
Platforms at a glance
- Independent sponsors' offerings
- Relli (3 sponsors open, 14 listed); RealtyMogul (1 open, Oct 27)
- Outside managers' funds
- Crowd Street: 10 funds from 8 managers; Willow mixes in its own
- Own or one sponsor's offerings
- EquityMultiple (Larson), Origin, Cardone
- Lowest accredited minimum
- $5,000 (Crowd Street; EquityMultiple notes)
- Open to anyone
- Fundrise, from $10
- Form D median minimum
- $50,000 (Oct 2025 to Sep 2026)
relli.co, crowdstreet.com, EquityMultiple FAQ and Fundrise checked Nov 2, 2026; other platforms per their filings and pages, Oct 27, 2026; SEC Form D data.
- Who picks the deals splits them. On November 2, 2026, Relli had open offerings from 3 independent sponsors (14 in its directory) and Crowd Street sold funds from 8 outside managers; Origin, Cardone and Fundrise each sell only their own.
- Most are for accredited investors. Crowd Street, EquityMultiple and Origin's private funds require accredited status; Fundrise takes anyone from $10.
- Who pays the platform differs. Sponsors pay Relli ($0 to investors today), Crowd Street funds deduct a sales load of typically 1.5% to 3.5%, and Fundrise charges about 1% a year.
- Several platforms changed after 2024. Crowd Street switched to funds after May 2025, Yieldstreet became Willow Wealth, and Larson has run EquityMultiple since August 1, 2026.
In this guide · 10 sections
- Which private real estate investing platforms do accredited investors compare?
- How do the accredited investor real estate platforms differ?
- Which real estate platforms are for accredited investors only?
- What can non-accredited investors use instead?
- Which platforms have multifamily deals for accredited investors?
- Should you choose single-asset deals or funds?
- Which platforms offer 1031 exchange or IRA options?
- How do minimums, fees and lockups compare across accredited platforms?
- What should a beginner accredited investor know about real estate platforms?
- How did Relli compare these platforms?
Short answer
Which private real estate investing platforms do accredited investors compare?
The private real estate platforms compared here are Relli, RealtyMogul, Crowd Street (formerly CrowdStreet), Willow Wealth (formerly Yieldstreet), EquityMultiple, Origin Investments and Cardone Capital. Fundrise is included for contrast, because anyone can invest there. This page compares them. It does not rank them.
The biggest difference is who sponsors the investment. The table is grouped by who picks the deals. First come platforms with individual offerings from independent sponsors (Relli, RealtyMogul). Next are platforms that sell outside managers' funds (Crowd Street, then Willow Wealth, which mixes them with its own). Last are platforms that sell mainly their own or one sponsor's offerings.
| Platform | Who sponsors | What you buy | Who can invest | Minimum | Investor fees | Getting money out |
|---|---|---|---|---|---|---|
| Relli | Independent sponsors; 14 in its directory, 5 open offerings from 3 | Sponsors' single-property deals and funds | Mostly accredited; the sponsor confirms | From $50,000, set by each sponsor | $0 to Relli; sponsor fees apply | Hold to term, about 3 to 7 years |
| RealtyMogul | Outside sponsors; 1 open offering (Oct 27) | Sponsor placements; REITs closed to new money | Placements: accredited | $35,000 on the open placement | Free to join; sponsor fees apply | Held to term; REIT repurchases suspended |
| Crowd Street | 8 outside managers, 3 of them in real estate | Large managers' funds and REITs | Accredited only | Typically from $5,000 | Sales load typically 1.5% to 3.5%, plus fund fees | Each fund's repurchase program |
| Willow Wealth | Its own adviser, plus 3 outside managers | Its own deal funds and notes, plus outside funds | Accredited, for primary offerings | About $10,000; $25,000 for Willow 360 | Placement fee up to about 4%, plus fund fees | Mostly held to term |
| EquityMultiple | Mostly Larson Capital, which runs the platform | Larson offerings, notes, older deals | Accredited only, self-certified | $5,000 notes; $25,000 standard offerings | None on notes; older deals 1% to 2% a year; Larson sets its own | Notes 3 to 9 months; offerings held to exit |
| Origin Investments | One: Origin itself | Origin's multifamily funds, deals and DSTs | Accredited | $50,000 to $100,000; DSTs $250,000 | IncomePlus: 1.25% a year plus 10% performance | Generally illiquid; early-exit penalty |
| Cardone Capital | One: Cardone itself | Units in Cardone apartment funds | Reg D: accredited; Reg A: within limits | $200,000 Reg D; $5,000 Reg A | Several 1% fees, plus a 20% to 35% share of cash | No redemption program; plan on 10+ years |
| Fundrise (contrast) | One: Fundrise itself | Fundrise's own funds | Anyone | $10 | 0.15% plus 0.85% a year, plus fund expenses | Quarterly repurchase offers, can be prorated |
Platform by platform
How do the accredited investor real estate platforms differ?
Each card covers what you buy, who a platform suits and who it does not.
Relli
Real estate sponsor marketplace · Many independent sponsors
- Minimum
- From $50,000
- Who can invest
- Mostly accredited
Relli is a real estate sponsor marketplace. You compare offerings from many established, reviewed sponsors side by side, then talk directly to the sponsor running the one you pick. On November 2, 2026, its five open offerings had minimums of $50,000 to $250,000.
Good fit if you
- Want to choose among many sponsors
- Want to talk to the sponsor before you decide
Not a fit if you
- Want to start below $50,000
- May need the money back within a few years
Crowd Street
Broker-dealer menu · Large managers' funds
- Minimum
- Typically $5,000
- Who can invest
- Accredited only
Crowd Street began as a marketplace for single-sponsor deals and renamed itself on May 29, 2025. On November 2, 2026, it listed 10 funds and REITs from 8 managers, with real estate from Clarion Partners, PGIM and Nuveen. Its sales load is typically 1.5% to 3.5% (Form CRS, May 18, 2026).
Good fit if you
- Want large managers' funds from about $5,000
- Want credit and private equity funds too
Not a fit if you
- Want one sponsor's individual deal
- Are not accredited
Willow Wealth
Own funds plus outside managers · Many asset types
- Minimum
- About $10,000
- Who can invest
- Accredited
Willow Wealth is the name Yieldstreet took in late 2025, and it owns Cadre. Its adviser manages most of its deal funds, across real estate, credit, art and more. Since December 2025 it has also sold Carlyle, Goldman Sachs and StepStone funds, Finder reports. CNBC tallied at least $208 million of investor losses on older deals (December 5, 2025).
Good fit if you
- Want many alternative asset types in one account
Not a fit if you
- Want to question a deal's sponsor directly
EquityMultiple
One main sponsor · Offerings and notes
- Minimum
- $5,000 notes
- Who can invest
- Accredited only
Since August 1, 2026, Larson Capital Management has operated EquityMultiple under a license. Its FAQ, read on November 2, 2026, says "most new offerings will be sponsored and managed by Larson Capital Management or its affiliates." Alpine Notes run 3, 6 or 9 months from $5,000, and EquityMultiple says it "charges no fees on any Alpine Note investment." The standard minimum per offering is $25,000.
Good fit if you
- Want short-term notes
- Are comfortable with one main sponsor
Not a fit if you
- Want to pick among many sponsors
- Are not accredited
Origin Investments
Single sponsor · Multifamily funds
- Minimum
- $50,000 to $100,000
- Who can invest
- Accredited
Origin is a Chicago apartment manager, founded in 2007, that sells its own funds, individual deals and DSTs. It reports $3.8 billion of assets under management as of March 31, 2026. Its FAQ says its funds are "generally illiquid."
Good fit if you
- Want one apartment specialist's fund
- Want a DST for a 1031 exchange
Not a fit if you
- Want to spread money across sponsors
- May need the money within five years
Cardone Capital
Single sponsor · Apartment funds
- Minimum
- $5,000 Reg A
- Who can invest
- Varies by fund
Cardone Capital sells units in Grant Cardone's own apartment funds: $200,000 for its accredited Reg D fund, $5,000 for its Reg A fund. Its August 2026 offering circular says no fund property had been sold as of June 30, 2026. A certified investor class action is pending; the defendants deny the claims.
Good fit if you
- Want one sponsor's apartment funds
- Can hold for ten years or more
Not a fit if you
- Want full-cycle results first
- Want to compare several sponsors
Who can invest
Which real estate platforms are for accredited investors only?
Crowd Street, EquityMultiple and Origin's private funds accept only accredited investors. Willow Wealth places its primary offerings with accredited investors, and most offerings on Relli are for accredited investors too. On Relli, the sponsor confirms eligibility before you invest.
For an individual, accredited means meeting one of these tests:
- Income above $200,000 ($300,000 jointly) in each of the last two years, with the same expected this year.
- Net worth above $1 million, not counting your home.
- A Series 7, 65 or 82 license in good standing.
The accredited investor guide covers each test.
What can non-accredited investors use instead?
Fundrise takes anyone from $10, and Cardone's Regulation A fund takes $5,000 within investment limits. RealtyMogul's two REITs were open to non-accredited investors, but they have taken no new cash since July 11, 2025. The real estate crowdfunding sites compared page covers more platforms open to everyone.
Fundrise is a different product: one manager picks, runs and values every property in its funds.
Deal types
Which platforms have multifamily deals for accredited investors?
Relli, Origin Investments and Cardone Capital all offered apartment investments when we checked, in different ways:
- Relli: open offerings on November 2, 2026, included a multifamily portfolio, a residential fund and a diversified fund that targets multifamily among other types, all from independent sponsors.
- Origin: every product leans on multifamily, from its IncomePlus fund to single-property deals.
- Cardone Capital: its funds co-own apartment buildings, all run by Cardone.
See multifamily real estate investing for how apartment deals work.
Should you choose single-asset deals or funds?
A single-asset deal lets you judge one building and one sponsor, while a fund spreads your money across many. A fund needs fewer decisions, but you trust the manager to pick the properties.
Relli lists both, from independent sponsors. The guide to real estate funds vs syndications covers the trade-offs.
Which platforms offer 1031 exchange or IRA options?
Origin Exchange sells Delaware statutory trust (DST) interests for 1031 exchanges, from $250,000. Relli does not list DSTs; the 1031 and DST guide explains the rules.
For IRAs, Crowd Street offers an Equity Trust integration, and EquityMultiple accepts several self-directed IRA custodians. On Relli, many sponsors accept self-directed IRAs. See private real estate in retirement accounts.
Costs and exits
How do minimums, fees and lockups compare across accredited platforms?
Minimums here run from $5,000 to $250,000. Relli's analysis of 4,172 U.S. real estate offerings filed on Form D from October 2025 to September 2026 found a median stated minimum of $50,000. The Form D minimums study has the full breakdown, and platform minimums compared lists each platform's figure.
Fees differ most in who pays the platform. There are three common models:
- Investors pay the platform each year, as with Fundrise's 0.15% advisory and 0.85% management fees.
- The fund pays the platform out of your money. Examples are Crowd Street's 1.5% to 3.5% sales load and Willow's placement fee of up to about 4%.
- Sponsors pay the platform, as with Relli's listing subscription. You still pay each sponsor's own fees inside the deal.
The platform fees comparison adds up each layer in dollars. Most sponsor deals are held to the end, and none of these accredited platforms runs a resale market. See selling private real estate early.
Beginner questions
What should a beginner accredited investor know about real estate platforms?
For a beginner, the sponsor behind each deal matters more than the platform. These are the common first questions.
What has changed on these platforms since 2025?
Crowd Street switched to funds after its May 2025 rename, and Yieldstreet became Willow Wealth. A Wideman Company entity took over RealtyMogul on November 6, 2025, and Larson has run EquityMultiple since August 1, 2026.
How do you vet sponsors on an accredited platform?
Check the sponsor yourself, whatever the platform reviewed. On February 21, 2025, the SEC charged Nightingale Properties, a former CrowdStreet sponsor, with defrauding at least 700 investors. See how to vet a sponsor.
Do these platforms pay monthly income?
Some pay monthly or quarterly, but no distribution is guaranteed. Payments come from cash flow and can shrink or stop.
What about larger portfolios?
Larger portfolios are often split across several sponsors. See real estate for high-net-worth investors.
What is the next step?
Narrow the list by type first, then brand. The guide to choosing a real estate investment platform has a ten-question checklist.
Seven checks
How did Relli compare these platforms?
Relli checked each platform on November 2, 2026, against the same seven questions: who sponsors, what you buy, who can invest, the minimum, investor fees, getting money out and how the platform is paid. RealtyMogul's listings are from a browser check on October 27, 2026, because its page did not load for automated checks. Willow Wealth, Cardone and Origin fee figures are as checked on October 27, 2026.
We used each platform's own pages first, then its SEC and FINRA records. Press figures are named in the text.
- No platform paid to be included or reviewed this page.
- Platforms are grouped by who picks the deals (independent sponsors' individual offerings, then outside managers' funds, then a platform's own or one sponsor's offerings), not scored or ranked. Willow Wealth sells both its own funds and outside managers' funds, so it sits between the last two groups.
- Relli is included with the same facts and its limits, because it is a real option for some readers. You should also know who wrote the page.
Sources
- Sponsors directory, Relli (accessed Nov 2, 2026)
- Investments (open and funded offerings), Relli (accessed Nov 2, 2026)
- How Relli works, Relli (accessed Nov 2, 2026)
- Crowd Street Form CRS (client relationship summary), Crowd Street (May 18, 2026)
- Crowd Street offerings, Crowd Street (accessed Nov 2, 2026)
- Crowd Street launches new brand for private market investors, Crowd Street (May 29, 2025)
- Crowd Street FAQs (IRA integration), Crowd Street (accessed Oct 27, 2026)
- Willow Asset Management and Willow Wealth Markets, Form CRS (client relationship summary), SEC Investment Adviser Public Disclosure (effective May 8, 2026)
- Willow Asset Management LLC, Form ADV Part 2A brochure, SEC Investment Adviser Public Disclosure (Mar 31, 2026)
- Willow Wealth review, Finder (updated Oct 2, 2026)
- $208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth, CNBC (Dec 5, 2025)
- Investment opportunities, RealtyMogul (accessed Oct 27, 2026 (browser check))
- Frequently asked questions, RealtyMogul (accessed Oct 27, 2026)
- RealtyMogul Income REIT current report: change in control (Form 1-U), SEC EDGAR (Nov 13, 2025)
- EquityMultiple FAQ (Larson license, minimums, accreditation, liquidity, IRAs), EquityMultiple (accessed Nov 2, 2026)
- The Alpine Note, EquityMultiple (accessed Nov 2, 2026)
- EM Advisor, LLC Form ADV Part 2A brochure, EM Advisor, LLC (filed with the SEC) (Mar 31, 2026)
- EquityMultiple and Larson Financial Holdings announce platform license, Newswire (Sep 17, 2026)
- Frequently asked questions, Origin Investments (accessed Nov 2, 2026)
- IncomePlus Fund, Origin Investments (accessed Oct 27, 2026)
- Cardone Non Accredited Fund, LLC, offering circular (Form 1-A POS, Amendment No. 6), U.S. Securities and Exchange Commission (EDGAR) (filed Aug 24, 2026; qualified Sep 4, 2026)
- Cardone Equity Fund 29 page, Cardone Capital (accessed Oct 27, 2026)
- Pino v. Cardone Capital, LLC, class notice website, Court-approved class notice, C.D. Cal. No. 2:20-cv-08499 (accessed Oct 27, 2026)
- Fundrise fees, Fundrise (accessed Nov 2, 2026)
- Rise Companies Corp. quarterly report (Form 10-Q), SEC EDGAR (period ended Jun 30, 2026)
- SEC charges Nightingale Properties and its CEO (Litigation Release 26254), U.S. Securities and Exchange Commission (Feb 21, 2025)
- Accredited investor definition (17 CFR 230.501), eCFR (accessed Nov 2, 2026)
- Form D data sets, SEC Division of Economic and Risk Analysis (period Oct 1, 2025 to Sep 30, 2026 | pulled Oct 20, 2026)
