The Real Estate Market Is Set by the Market, Where Do You Get Alpha?

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There's almost no such thing as an off-market real estate deal of any consequence. If you're going to buy a $20 million apartment building, the price is set by the market. And so if you aren't in the right asset class, in the right geography, with the right leverage, you did or didn't do great returns. The macro was one, work from home to store the office industry. Then the cycle, or what's happening with the overall high inflation and high interest rates, that's crushing real estate.

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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