Platform comparison
Real Estate Crowdfunding Sites Compared: Minimums, Fees, Who Can Invest
Starting amounts at a glance
- Fundrise
- $10, anyone
- Arrived
- $100, anyone
- Groundfloor
- $10 loans; most products open to all
- Crowd Street
- Typically $5,000, accredited
- EquityMultiple
- $5,000 notes, accredited
- Relli
- From $50,000, mostly accredited
Each site's own pages, Form CRS and SEC filings, checked Nov 2, 2026 (EquityMultiple Oct 27, 2026).
The short answer
Real estate crowdfunding sites split by who can invest: Fundrise, Arrived, Groundfloor and Lofty accept non-accredited investors, from about $10 to $100. Crowd Street, EquityMultiple and Willow Wealth are for accredited investors, as are most offerings on Relli, a sponsor marketplace where open offerings start at $50,000. Fees and exits differ more than the headline minimums suggest.
Starting amounts at a glance
- Fundrise
- $10, anyone
- Arrived
- $100, anyone
- Groundfloor
- $10 loans; most products open to all
- Crowd Street
- Typically $5,000, accredited
- EquityMultiple
- $5,000 notes, accredited
- Relli
- From $50,000, mostly accredited
Each site's own pages, Form CRS and SEC filings, checked Nov 2, 2026 (EquityMultiple Oct 27, 2026).
- Who can invest splits the market. Fundrise, Arrived, Groundfloor, Lofty and Mogul accept non-accredited investors; Crowd Street, EquityMultiple and Willow Wealth do not (Nov 2, 2026).
- Fees sit in different places. On $10,000 for one year, published platform-level fees ran from $0 to about $700.
- Some big names have paused. RealtyMogul's two REITs suspended repurchases on April 21, 2026, and are closed to new money.
- Sponsor deals start higher. The median stated minimum was $50,000 across 4,172 real estate Form D filings from Oct 2025 to Sep 2026.
In this guide · 7 sections
- How do the main real estate crowdfunding sites compare?
- Which real estate crowdfunding platforms accept non-accredited investors?
- What are the real estate crowdfunding sites for accredited investors?
- How is a crowdfunding site different from a sponsor marketplace?
- How do real estate crowdfunding fees compare?
- Which real estate crowdfunding site fits beginners, IRAs or early exits?
- How did Relli compare these sites?
Side by side
How do the main real estate crowdfunding sites compare?
The main real estate crowdfunding sites split first by who can invest. Fundrise, Groundfloor, Lofty, Arrived and Mogul accept non-accredited investors, and Ark7's site does not state a limit. Crowd Street, EquityMultiple and Willow Wealth sell to accredited investors, as do most offerings on Relli, a sponsor marketplace. The table compares them; it does not rank them.
Within each group, sites are ordered by starting amount, lowest first. RealtyMogul's REITs sit at the end of the first group because they are closed to new money.
| Site | What you buy | Who can invest | Minimum | Investor fees | Getting money out |
|---|---|---|---|---|---|
| Fundrise | Shares of its own funds | Anyone | $10 | 0.15% advisory plus 0.85% management a year, plus fund expenses | Quarterly repurchase offers, capped |
| Groundfloor | Slices of developer loans; notes | Most products open to all | $10 loans; $100 notes | "No fees to invest" in notes or loans | Held to maturity |
| Ark7 | Shares of single rental homes | Not stated on its site | From $20 a share | "A small percentage" kept for sourcing and management | After a minimum hold; no assured buyer |
| Lofty | Tokenized shares of single rental homes | Open; ID check above $200 | Often about $50 a token or less | Not stated on its home page | In-app market, "no lockups" |
| Arrived | Shares of rental homes or Arrived funds | Anyone | $100 | Sourcing fee up to 3.5%, plus asset management fees | Resale market for home shares after six months; quarterly fund redemptions; neither guaranteed |
| Mogul | Interests in single rental homes | No accreditation required, per Mogul (Oct 20, 2026) | $250 | 5% fee capitalized in the deal | No resale route stated on its site |
| RealtyMogul REITs | Shares of two non-traded REITs | Non-accredited within limits | $5,000; paused for new investors | 1.00% or 1.25% a year, paid by the REIT | Repurchases suspended since Apr 21, 2026 |
| Crowd Street | Large managers' funds and REITs | Accredited only | Typically from $5,000 | Sales load of 1.5% to 3.5%, plus fund fees | Set by each fund |
| EquityMultiple | Notes, debt and equity; Larson sponsors most new offerings | Accredited only | $5,000 notes; $25,000 standard offerings | None on notes; 1% to 2% a year on EM single deals | Notes 3 to 9 months; offerings held to exit |
| Willow Wealth | Its own deal funds plus outside managers' funds | Accredited, for primary offerings | About $10,000 | Placement fee up to about 4%, plus fund fees of 1% to 3% a year | Mostly held to term |
| Relli | Individual offerings from many independent sponsors | Mostly accredited | From $50,000, set by each sponsor | $0 to Relli; sponsor fees apply | Hold to term |
Open to everyone
Which real estate crowdfunding platforms accept non-accredited investors?
Fundrise, Arrived, Groundfloor, Lofty and Mogul accept non-accredited investors, and Ark7's site does not state a limit. Most use Regulation A or SEC-registered funds. Under Regulation A Tier 2, a non-accredited investor may put up to 10% of the greater of income or net worth into an unlisted offering.
Fundrise
Single manager · Its own funds
- Minimum
- $10
- Who can invest
- Anyone
Fundrise sells only its own funds, so one manager picks, runs and values every property. Its parent reported $3.4 billion of assets under management and "over 404,000 active investor accounts" at June 30, 2026. The interval funds offer quarterly repurchases, recently for 5% of shares, filled pro rata when requests run higher.
Good fit if you
- Want one diversified fund from $10
Not a fit if you
- Want to pick the property or sponsor
Arrived
Single sponsor · Rental homes
- Minimum
- $100
- Who can invest
- Anyone
Arrived buys rental homes and sells shares in each, plus a few funds. Its fee page, updated October 7, 2026, lists an asset management fee of 0.15% of the purchase price a quarter on single-family homes. Its site showed about 1 million registered investors and $493 million invested on November 2, 2026.
Good fit if you
- Want a slice of a specific home
Not a fit if you
- Want apartments or commercial property
Groundfloor
Lender · Short-term loans and notes
- Minimum
- $10 loans
- Who can invest
- Most products, anyone
Groundfloor lends to developers and sells investors slices of those loans, or notes with stated rates. Its Notes issuer's report filed October 1, 2026, states "substantial doubt" that it will continue as a going concern without more financing. At December 31, 2025, 73.4% of its loans to developers were more than 90 days past due.
Good fit if you
- Have read the filings and want short loans
Not a fit if you
- Need the platform's finances settled
Ark7, Lofty and Mogul
Single homes · Small slices
- Minimum
- $20 to $250
- Who can invest
- Often anyone
All three buy homes and sell small interests in each. Ark7 sells through Dalmore Group, a FINRA broker-dealer, and reports 300,000+ active investors (May 2026). Lofty pays rent daily and says it is "not a registered broker-dealer or investment advisor." Mogul offers one LLC per home through what it calls an investment club structure.
Good fit if you
- Want to start with very small amounts
Not a fit if you
- Want more than one home per investment
RealtyMogul's REITs used to be the other common pick. Both have been closed to new money since July 11, 2025, and suspended repurchases on April 21, 2026. The RealtyMogul review has the filings.
Accredited investors
What are the real estate crowdfunding sites for accredited investors?
Crowd Street, EquityMultiple and Willow Wealth sell to accredited investors only, and most offerings on Relli are for accredited investors too. Each works differently:
- Crowd Street (formerly CrowdStreet) listed 10 funds and REITs from managers such as Nuveen, StepStone and PGIM on November 2, 2026.
- EquityMultiple has been run by Larson Capital Management since August 1, 2026, and its FAQ says Larson will sponsor most new offerings.
- Willow Wealth (formerly Yieldstreet) mixes its own deal funds with outside managers' funds. CNBC tallied at least $208 million of losses on past Yieldstreet offerings in December 2025.
- Relli lists individual offerings from many independent sponsors that you can talk to before deciding.
For an individual, accredited means income above $200,000 ($300,000 jointly) in each of the last two years, net worth above $1 million not counting your home, or certain securities licenses. The accredited investor platforms compared page covers this group in depth.
Crowdfunding vs marketplace
How is a crowdfunding site different from a sponsor marketplace?
On most crowdfunding sites, the platform or one manager picks the property and you buy a share of its vehicle. On a sponsor marketplace, independent sponsors list their own offerings and you choose the sponsor. The difference decides whose judgment you rely on and who answers your questions.
The legal labels differ too. In securities law, crowdfunding means Regulation Crowdfunding: an issuer may raise up to $5 million in 12 months through one registered portal. FINRA listed 73 funding portals in October 2026. Most sites called crowdfunding actually use other rules:
- Regulation A, used by Arrived, Groundfloor and Ark7, open to anyone within limits.
- SEC-registered funds and companies, such as Fundrise's Flagship and Income interval funds and the Fundrise eREIT, which registered its 2026 merger with the SEC and files quarterly reports.
- Regulation D private placements, used by most sponsor offerings, mostly for accredited investors.
The guide to real estate crowdfunding vs syndication sets out each rule's limits. The sponsor marketplace guide explains who pays and what a listing review covers.
Fees and minimums
How do real estate crowdfunding fees compare?
Crowdfunding fees sit in different places, so compare them in dollars. Some sites bill investors, some take a fee from the property or fund, and some are paid by sponsors.
Worked example
You put $10,000 into each site for one year. Only the published platform-level fees are counted.
| Site | Published rate | On $10,000 |
|---|---|---|
| Fundrise | 0.15% + 0.85% a year | $100 |
| Arrived home | Sourcing fee up to 3.5%, plus brokerage and offering costs per offering circular, plus 0.15% of purchase price a quarter | Up to about $338 once, plus about $58, before brokerage and offering costs |
| Crowd Street | 1.5% to 3.5% sales load | $150 to $350 once |
| Willow Wealth | 1% to 4% placement, plus 1% to 3% a year | $200 to $700 |
| Groundfloor notes | No fees to invest | $0 |
The platform layer alone runs from $0 to about $700 on $10,000 in year one. Fund, property and sponsor fees come on top in every case.
Minimums follow the product. A $10 or $100 share buys part of one manager's fund or one home. Direct sponsor offerings start higher: across 4,172 real estate Form D filings from October 2025 to September 2026, the median stated minimum was $50,000. See platform fees compared and platform minimums compared.
Common questions
Which real estate crowdfunding site fits beginners, IRAs or early exits?
No site fits every goal. These answers cover the questions investors ask most.
Which site suits beginners?
Beginners with small amounts usually start with Fundrise or a home-share app, since both accept anyone. Low minimums are not low risk: a fund depends on one manager, and a share depends on one home.
How do these sites' returns compare?
This page does not rank sites by returns. Figures mix funds, single homes and loans over different years, and many are targets, not results. Ask each site for realized, net results, including losses.
Can you use an IRA?
Fundrise offers Traditional and Roth IRAs, and Arrived accepts checkbook IRAs. See real estate in retirement accounts for the rules.
Which sites let you sell early?
Lofty and Arrived run resale markets, and Fundrise makes quarterly repurchase offers. None guarantees a sale or a price. See selling private real estate early.
What if I want to look beyond these sites?
Direct sponsors, investor clubs, DSTs and non-traded REITs are other routes. See alternatives to the big crowdfunding sites.
Five checks
How did Relli compare these sites?
Relli checked each site on November 2, 2026, against five questions: what you buy, who can invest, the minimum, investor fees and how you get money out. Some figures were last confirmed on our earlier guides, dated October 20 or 27, 2026, and are labeled with those dates in the sources.
We used each site's own pages first, then SEC and FINRA records (Form CRS, EDGAR filings, the SEC's adviser search and BrokerCheck). Press figures, such as CNBC's, are named.
- No platform paid to be included or reviewed this page.
- Sites are grouped by who can invest and ordered by starting amount, not scored or ranked.
- Relli is included with the same facts and its limits, because it is an option for some readers and because you should know who wrote the page.
Sources
- What are Fundrise's fees?, Fundrise (accessed Nov 2, 2026)
- Is auto-invest required? (minimum to get started), Fundrise (accessed Nov 2, 2026)
- Fundrise home page (account types, including IRAs), Fundrise (accessed Nov 2, 2026)
- Rise Companies Corp. quarterly report (Form 10-Q), SEC EDGAR (period ended Jun 30, 2026)
- Fundrise Flagship Fund repurchase offer (Form N-23C3A), SEC EDGAR (2026)
- Fundrise eREIT, LLC quarterly report (Form 10-Q), SEC EDGAR (period ended Jun 30, 2026)
- How Arrived works, Arrived (updated Oct 28, 2026, accessed Nov 2, 2026)
- Breaking down Arrived fees, Arrived (updated Oct 7, 2026)
- Arrived home page (investor and investment figures), Arrived (accessed Nov 2, 2026)
- Can I invest with an IRA?, Arrived (Oct 3, 2023, accessed Nov 2, 2026)
- Investment Adviser Public Disclosure: Arrived Advisors, LLC (CRD 343847), Form ADV Part 2A, U.S. Securities and Exchange Commission (Sep 2026, accessed Oct 20, 2026)
- Groundfloor home page, products and disclosures, Groundfloor (accessed Nov 2, 2026)
- Groundfloor Yield, LLC semiannual report (Form 1-SA), SEC EDGAR (filed Oct 1, 2026)
- Ark7 home page, Ark7 (figures as of May 2026, accessed Nov 2, 2026)
- Lofty home page, Lofty AI, Inc. (accessed Nov 2, 2026)
- Mogul home page, FAQ and site disclosures, Mogul Technologies, Inc. (accessed Nov 2, 2026)
- RealtyMogul Income REIT, Inc. semiannual report (Form 1-SA), SEC EDGAR (Sep 28, 2026)
- Frequently asked questions, RealtyMogul (accessed Oct 27, 2026)
- Crowd Street offerings, Crowd Street (accessed Nov 2, 2026)
- Crowd Street Form CRS (client relationship summary), Crowd Street (May 18, 2026)
- EquityMultiple FAQ (Larson license, minimums, accreditation), EquityMultiple (accessed Oct 27, 2026)
- EM Advisor, LLC Form ADV Part 2A brochure, EM Advisor, LLC (filed with the SEC) (Mar 31, 2026)
- Willow Asset Management LLC, Form ADV Part 2A brochure, SEC Investment Adviser Public Disclosure (Mar 31, 2026)
- Willow Asset Management and Willow Wealth Markets, Form CRS, SEC Investment Adviser Public Disclosure (effective May 8, 2026)
- $208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth, CNBC (Dec 5, 2025)
- Regulation A offering limits and investor caps (17 CFR 230.251), eCFR (current as of Oct 16, 2026)
- Regulation Crowdfunding limits (17 CFR 227.100), eCFR (current as of Oct 16, 2026)
- Accredited investor definition (17 CFR 230.501), eCFR (current as of Oct 16, 2026)
- Funding Portals We Regulate, FINRA (updated Oct 13, 2026)
- Form D data sets, SEC Division of Economic and Risk Analysis (Oct 2025 to Sep 2026, pulled Oct 20, 2026)
- Open offerings, Relli (accessed Nov 2, 2026)
- How Relli works, Relli (accessed Oct 20, 2026)
