I'm Not a Lawyer, Just a Guy, I Don't Know What That Means, Right?

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"I remember looking over the horizon as a sun setting on New York, and there's sort of dead silence," he says. "And I was like, well, isn't there a lot of people downstairs protesting Occupy Wall Street? Like, is it really like a offer debate at this point?" The 2008 financial crisis proved that we need a new model for investing in real estate, Nussbaum says. He started Fundrise to raise money by raising funds online through an app called Corp Fin. It raised $300,000 from 300 people but ended up costing him more than $1 million per company.

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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