What Are You Doing Differently Now?

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I was worried that so syndication in real estate means you raise money from people for a deal. And it's an old fashioned way of doing real estate. The single deal structure is brittle. It doesn't allow you to have a dynamic. If you think a real estate has a business, not as a piece of property as a brick, then you would see why it might need more money and needs to be flexible. So we moved to the fund model in 2015. We lost half our customers. Half our customers said, well, we don't want fun. We want deals. I'm too risk averse. I don't want to be doing just deals. That was painful.

Patrick Donley talks with Ben Miller about how his company, Fundrise, is using technology to build a better financial system for the individual investor. Ben Miller is Co-Founder and CEO of Fundrise.

Since launching America’s first online real estate investment platform in 2012, Fundrise has now become the largest direct-to-investor alternatives investment manager with more than 385,000 active investors, more than $3.3 billion worth of equity under management, and $7 billion worth of real estate transacted.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:14 - What Ben’s early years were like growing up in a real estate family.

05:41 - Why his mentor wished upon him a great failure for his first start-up.

07:11 - How the idea for Fundrise developed.

11:28 - How he handled the 2008 Great Financial Crisis.

24:57 - What the regulatory hurdles were like starting the company.

35:04 - Why Fundrise is more of a technology company that a real estate firm.

48:23 - How inflation and rising interest rates have affected the market.

01:07:46 - What trends are most exciting to him at the moment.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Robert’s book The Everything Guide to House Hacking.
Onward, a Fundrise podcast.
Related Episode: Listen to REI010: Commercial Real Estate Investing w/ Ian Formigle, or watch the video.

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