Best Real Estate Crowdfunding for Non-Accredited Investors (2026 Data)

Most real estate crowdfunding platforms require you to be an accredited investor — meaning you need $200,000+ annual income or $1 million+ net worth (excluding your home). That cuts out roughly four in five American households (the SEC staff estimated 18.5% qualified in 2022).

But a growing number of platforms have opened their doors to everyone. Some use SEC Regulation A+ or Regulation CF to legally accept non-accredited investors. Others operate as REITs that anyone can buy into.

The question isn't whether you can invest. It's which platform is actually worth your money.

I researched every major platform that accepts non-accredited investors, verified their fees, returns, and minimum investments, and ranked them based on what actually matters: real performance data, fee transparency, accessibility, and track record. For a deep-dive into the fee structure of every platform below, see our real estate crowdfunding fees compared guide.

Updated September 2026 — Fundrise has not filed a 2025 all-client return with the SEC, though its client-returns page reports 6.24% for 2025 advisory-client accounts (its last filed figure is +5.74% for 2024, after -7.45% in 2023); Groundfloor's Notes pay up to 8.0% APR on the 12-month Signature Note (Groundfloor's site, October 7, 2026); and three platforms on this list (Streitwise, RealtyMogul's REITs and DiversyFund) no longer accept new money. The rankings below reflect these current figures.

What "Non-Accredited" Actually Means

Regulation A+ is what makes these platforms open to you, and it is also what makes them checkable: Reg A+ issuers must publish audited annual reports. That obligation only helps if it is met — FISYN Fund II is a Reg A+ land fund whose audited annual report has been overdue since April 30, 2026, leaving an unaudited half-year report from mid-2025 as its only periodic financial report (the offering circular's one audited balance sheet dates from December 31, 2024, before it took investor money).

The $200,000 income and $1 million net-worth thresholds haven't been raised for inflation since 1982. It was designed to protect inexperienced investors from risky private placements. The real estate crowdfunding industry has found legal structures (primarily Reg A+ and Reg CF) that allow platforms to accept everyone while still complying with SEC regulations.

Bottom line: You don't need to be rich to invest in real estate crowdfunding. You just need to choose the right platform.

Already accredited? If you meet the SEC accreditation threshold ($200K+ income or $1M+ net worth), you have access to higher-return platforms (EquityMultiple, RealtyMogul private placements, CrowdStreet) that we can't recommend to most readers here. See our 2026 ranking of the best RE crowdfunding platforms for accredited investors for that universe — including our explicit fraud warnings on CrowdStreet and Yieldstreet.

The Platforms, Ranked (Three Now Closed to New Money)

---

1. Fundrise — Best Overall for Beginners

Why it's #1: Lowest minimum in the industry ($10), genuinely diversified portfolios, and a track record going back to 2012. Fundrise ran its first property offerings under Regulation A between 2011 and 2014 and qualified its first eREIT under Reg A+ in November 2015, and it remains the most accessible option for someone investing their first dollar in real estate.

The Numbers

• Minimum investment: $10 (Starter), $1,000 (Basic), $5,000 (Core), $10,000 (Advanced)
• Annual fees: 0.85% asset management + 0.15% advisory = 1.0% in advisory and management fees; with 2025 fund expenses (Flagship 1.58%, Income 1.96%) the all-in cost is about 1.7-2.1% a year
• Historical returns: Fundrise's all-client net return ranged from -7.45% (2023) to +22.99% (2021) between 2019 and 2024; 2019-2023 compounds to roughly 6.3% a year, and 2024 was +5.74%. Fundrise has not filed a 2025 all-client figure with the SEC (Rise Companies Form 1-U filings), though its client-returns page reports 6.24% for 2025 advisory-client accounts.
• Active investor accounts: over 404,000 (June 30, 2026)
• Total assets: Multi-billion dollar platform

How It Works

You choose an investment strategy (Starter, Supplemental Income, Balanced, or Long-Term Growth) and Fundrise allocates your money across a diversified portfolio of real estate assets — commercial properties, residential developments, and industrial buildings. It's fully managed. You don't pick individual properties.

Fundrise also offers an Innovation Fund (venture capital), which returned 68.39% on NAV in the year to March 31, 2026 and 19.45% a year since its July 2022 inception, but that's tech investing, not real estate. Don't confuse the two when looking at their return numbers.

The Catch

Your money is illiquid. Fundrise recommends a 5-year minimum hold. You can request quarterly redemptions; legacy eREIT/eFund shares carry a 1% penalty if held under five years, and the Flagship and Income interval funds charge no repurchase fee today (they may impose up to 2%). Redemptions are not guaranteed: the Equity REIT suspended its plan in Q3 2025, and in June 2026 the merged Fundrise eREIT honored about 2.4 million of 7.26 million shares submitted.

Best for: First-time real estate investors who want a simple, passive experience with as little as $10.

Visit Fundrise

Fund-specific forensics: the equity-tilted Fundrise Flagship Real Estate Fund review (1.33% 2025 return, a $100M credit facility signed February 2026 with $49.2M drawn at June 30) and the credit-focused Fundrise Income Real Estate Fund review (8.27% 2025 return) cover the two main interval funds non-accredited investors actually buy.

---

2. Groundfloor — Best for Short-Term Yield

Why it's #2: Zero investor fees, ~10% average returns, and loan terms of 6-18 months mean your money isn't locked up for years. The SEC qualified Groundfloor's first Regulation A offering on September 7, 2015; Groundfloor describes itself as the first platform qualified to offer direct real estate debt investments to non-accredited investors.

The Numbers

• Minimum investment: $10 per loan; $100 for 1- and 3-month Notes, $1,000 for the 12-month Signature Note
• Fees to investors: $0 on individual loans and Notes; the Flywheel portfolio charges 0.25-1.0%, and IRA holders have paid Forge Trust custodial fees since July 1, 2026
• Average returns: approx. 10% a year since 2013, per Groundfloor (not an audited figure)
• Total funded: $2.2 billion+ lifetime, per Groundfloor
• Loss ratio: under 1% since 2013, per Groundfloor's asset-management updates (a realized-loss measure, not a delinquency rate)

How It Works

You're not buying real estate. You're lending money to house flippers and developers. Each loan has a risk grade (A through G) that determines the interest rate — Grade A pays ~5-6.5%, Grade G pays 15%+. You pick which loans to fund, starting at $10 each.

When the borrower completes the project and sells or refinances, you get your principal plus interest. Typical timeline: 6-18 months.

If you don't want to pick individual loans, Groundfloor Notes are their managed product. As of October 7, 2026 the lineup is a 1-Month Note at 5% APR and a 3-Month Balanced Note at 6% APR (both $100 minimum, paid at maturity) up to the 12-Month Signature Note at 8.0% APR ($1,000 minimum, monthly distributions). (An 11.5% two-year convertible note also exists but is accredited-only, $25,000 minimum — not relevant to the readers of this list.)

The Catch

Default risk is real. Groundfloor reports a loss rate under 1%, and third-party reviews circulate a 4.71% "uncured default rate" that is not in its filings; the audited FY2025 Form 1-K shows 73.4% of the legacy loan book more than 90 days past due at December 31, 2025, with $50.8 million on nonaccrual (73.4% describes the pre-2025 book after performing loans left it; across everything Groundfloor holds, the share more than 90 days late is roughly where it was a year earlier). The same 1-K carries a going-concern doubt from the auditor, as every Groundfloor 1-K has since fiscal 2017. Some Reddit investors report 24-35% of their individual loan portfolio in default status. The difference between "loss rate" and "default rate" matters — many defaulted loans eventually recover, but while they're in default, your money is stuck.

Best for: Active investors who want short-term yield without long lockups and are comfortable picking individual loans.

Visit Groundfloor

---

3. Arrived Homes — Best for Picking Specific Properties

Arrived Homes does not have an affiliate program. We earn nothing if you sign up. This review is based purely on research.

Why it's #3: Unlike Fundrise (pooled portfolios) or Groundfloor (loans), Arrived lets you invest in specific individual rental properties for as little as $100. You pick the house, the neighborhood, the strategy.

The Numbers

• Minimum investment: $100 per property
• Fees: 0.6% a year of the property's purchase price (1% on series qualified before July 12, 2022), property management that varies by manager (e.g. 6% of rents; 15-25% on vacation rentals), plus a one-time 3.5-6% sourcing fee
• Dividend yields: approx. 3.9% average on long-term rentals (2.4% on vacation rentals); about 2.65% across all 241 series in the August 2026 declaration.
• Founded: 2019, backed by Jeff Bezos's fund

How It Works

Arrived buys residential rental properties across the U.S. and divides them into shares. You browse available properties, choose ones you like, and invest $100+ per property. Arrived handles everything: tenant management, maintenance, rent collection.

You earn monthly dividends from rental income once a property is leased, and potential appreciation when the property is eventually sold (typically after a 5-7 year holding period).

The Catch

Dividend yields have been modest, and the bulk of projected returns comes from property appreciation, which is speculative and only realized when the property sells. Liquidity is limited: since November 2025 individual homes can be sold only in a one-week secondary-market window each month, and only if a buyer matches your price; quarterly redemptions apply to Arrived's funds, not single homes.

Best for: Investors who want to pick specific rental properties rather than investing in blind pooled funds.

Also worth knowing: Arrived offers a separate Private Credit Fund — $100 minimum, monthly distributions from residential real estate loans, and, per Arrived, no losses of principal or interest since inception in May 2024. Its August 2026 dividend declaration of $0.062 a share annualizes to 7.44% on the $10.00 NAV — the lowest of its 26 monthly declarations, and down from 8.88% in June 2026. It's a completely different product from their rental shares and worth evaluating on its own merits.

Visit Arrived | Read our full Arrived Homes review

---

4. Ark7 — Best for Ultra-Low Minimums

Why it's notable: $20 per-share minimum on its newer offerings. Liquidity is the weak spot: Ark7's offering circular says there is no trading market, and a share can be transferred only after 12 months and with Ark7's written consent.

The Numbers

• Minimum investment: $20 (one share) on most offerings; some require five shares ($100)
• Fees: 3% one-time sourcing fee, 8-15% property management on rent, plus an annual asset management fee of 15% of free cash flow available for distribution (FY2025 Form 1-K)
• Dividend yields: approx. 4.0-4.4% annualized across the portfolio in Ark7's 2026 monthly updates (4.37% in April 2026)

How It Works

Similar to Arrived: Ark7 buys rental properties (single-family and multifamily) and splits them into fractional shares. You invest in specific properties and receive monthly dividend distributions from rental income.

The differentiator is the low entry price, not liquidity. Ark7's July 2026 offering circular states "There is currently no trading market for the company's securities," and it allows a transfer only after a 12-month hold and with the written consent of Ark7 as Managing Member. None of the Ark7 circulars we read mentions PPEX. The Ark7 app may offer a listing or transfer feature, but treat it as a request that depends on that consent and on a buyer, and plan to hold.

The Catch

The 3% upfront sourcing fee plus 8-15% ongoing property management fees eat into returns. And because the filings show no trading market, you should assume you cannot sell early; Ark7's own site says investors must be prepared to hold their shares indefinitely.

Best for: Investors who want the ability to exit their position without waiting years for a property sale.

---

5. Streitwise — Best for Commercial Real Estate Exposure

Closed to new investors. 1st stREIT Office (Streitwise) suspended its offering on June 25, 2026 and its stockholder redemption plan on July 1, 2026 while evaluating strategic alternatives (Form 1-SA, September 4, 2026). The current distribution is 1.60% a year on the $10 purchase price (2.30% on the $6.96 NAV); the manager's 2.00% fee is charged on NAV. What follows is kept for existing holders.

The Numbers

• Offering: suspended June 25, 2026
• Fees: 2.00% a year, charged on NAV
• Distribution: 1.60% a year on the $10 purchase price (2.30% on the $6.96 NAV); 6.92% weighted average since inception (Form 1-SA)
• Quarterly distribution: $0.04/share since Q2 2025, down from $0.13 before Q1 2025

How It Works

Streitwise operates a private REIT that invests in commercial real estate — primarily office and mixed-use properties. You buy shares in the REIT and receive quarterly dividend distributions. The management team handles all property acquisition, management, and disposition.

The Catch

The 2% annual management fee on NAV is twice Fundrise's 1%. For non-accredited investors, your total investment can't exceed 10% of your annual income or net worth (whichever is greater), per the offering circular.

Also notable: commercial office exposure carries specific risk in the post-pandemic era. Work-from-home trends have pressured office valuations across the board. Streitwise's NAV markdown from $7.14 to $6.84 came after Panera Bread vacated Streitwise Plaza I (22.5% of portfolio square footage). 2026 update: the NAV has reset upward in two consecutive quarters — $6.84 → $6.92 → $6.96 — and the distribution was raised 33% from $0.03 to $0.04 per share. See our Streitwise 2026 SEC deep dive for the full 11-filing forensic chain including the Morgan Stanley $15.5M refi at 6.195% (closed Feb 10 2026), the going-concern note in the FY2024 1-K, and the contrast between Tryperion Holdings's $163M institutional Fund IV (Howard Marks / Ken Moelis / Cherng family LPs) and the frozen retail Reg A+ offering.

Status: closed to new investors; kept here for existing holders.

---

6. RealtyMogul — Best for Higher-Balance Investors

Closed to new investors. RealtyMogul's Income REIT paused new cash subscriptions on July 11, 2025, suspended repurchases on April 21, 2026 and withdrew its new offering statement on September 10, 2026; its distribution was cut to approx. 3.0% of NAV in the first quarter of 2026 and approx. 1.5% in the second. The Apartment Growth REIT paused distributions on January 29, 2026 and suspended repurchases the same April day. The platform was acquired by The Wideman Company in November 2025 — see our full RealtyMogul review for what that means.

The Numbers

• Minimum investment: $5,000
• Fees: 1-1.25% annual management fee plus servicing/disposition fees
• Income REIT distribution: approx. 1.5% of NAV (Q2 2026), cut from 6-8% historical
• Apartment Growth REIT: ⚠️ Distributions paused January 29, 2026; repurchases suspended April 21, 2026
• Non-accredited limit: Can't invest more than 10% of annual income or net worth

How It Works

RealtyMogul has two REITs, both closed to new money in 2026:

1. Income REIT — focused on cash flow from commercial properties (retail, office, industrial). Distribution cut to approx. 3.0% of NAV in Q1 2026 and approx. 1.5% in Q2 2026.
2. Apartment Growth REIT — focused on multifamily apartment buildings. Distributions paused January 29, 2026.

Both are managed by RealtyMogul's team with no action required from investors after initial purchase.

The Catch

$5,000 is a high bar for a first crowdfunding investment. And the returns, while consistent, are lower than what you can get from Fundrise or Groundfloor with a fraction of the capital. The share redemption program exists but has limitations.

Status: closed to new investors; kept here for existing holders.

---

7. DiversyFund — Best for Multifamily Focus

Closed. DiversyFund's $500 Growth REITs take no new money: the SEC permanently suspended DF Growth REIT II's Regulation A exemption on June 9, 2023, and REIT I, which has issued no shares since 2022, is in its winding-up period (FY2025 Form 1-K). DiversyFund now sells accredited-only Reg D funds with a $100,000 minimum.

The Numbers

• Minimum investment: $500
• Fees: $0 stated to investors; the SEC order found a 2% asset-management fee
• Target returns: 10-20% annualized IRR
• Investment focus: Value-add multifamily apartment buildings

How It Works

DiversyFund operates a Growth REIT that invests in apartment buildings needing renovation. The strategy: buy underperforming apartments, renovate them, increase rents, and sell for a profit. Your returns come at exit, not through regular distributions.

The Catch

This is the biggest catch on the entire list: no liquidity whatsoever. DiversyFund's REIT I paid a distribution only once, in December 2022. Your money is locked until the REIT's properties are sold, which could be 5+ years. And the target IRR of 10-20% is exactly that — a target. Actual returns depend entirely on the execution of value-add renovations and the real estate market at exit.

Also, the "no fees" claim is misleading. While investors don't pay a separate platform fee, DiversyFund's operating expenses are embedded in the deal structure, so you're paying indirectly.

Status: closed; kept here for existing holders.

---

How to Choose: Decision Framework

Choosing the right platform depends on three things: how much you have, how long you can lock it up, and how involved you want to be.

By Investment Amount

You have...	Best options
$10-$99	Fundrise ($10 min), Groundfloor ($10 per loan)
$100-$499	Arrived ($100), Ark7 ($20-$100), plus the above
$1,000+	Groundfloor's 12-month Signature Note ($1,000), plus all of the above

By Time Horizon

Your timeline	Best options
6-18 months	Groundfloor (individual loans)
1-3 years	Groundfloor Notes
3-5 years	Fundrise, Arrived
5+ years	Fundrise, Arrived (properties are typically held 5-7 years)

By Involvement Level

Your style	Best options
Fully passive	Fundrise
Choose properties	Arrived, Ark7
Choose loans	Groundfloor

What Non-Accredited Investors Need to Watch

Investment Limits Under Regulation CF

If a platform operates under SEC Regulation CF (up to $5 million in offerings), your investment limit depends on your finances:

• Income or net worth below $124,000: You're limited to a calculated amount across ALL Reg CF offerings (not just real estate) in any 12-month period
• Income and net worth both at or above $124,000: Limit is 10% of the greater of your income or net worth, capped at $124,000 in any 12-month period

Most platforms on this list operate under Reg A+ (which has different rules) or as REITs, so these specific limits may not apply to every platform. But it's worth knowing the regulatory framework.

Diversification Is Not Optional

I'll say this plainly: do not put all your money into one platform. PeerStreet went bankrupt. A CrowdStreet sponsor, Nightingale Properties, took $62.8 million from about 800 investors in two deals that never closed; its CEO was sentenced to 87 months. Yieldstreet lost $208 million of investor money. These were all respected, well-known platforms.

Spread your investments across at least 2-3 platforms. Mix equity and debt. Don't invest money you'll need within the next 3-5 years.

Fees Eat Returns

A 1% fee difference might not sound like much. Over 10 years on a $10,000 investment earning 8%, it's the difference between $21,589 and $19,672 — $1,918 in lost returns. Always compare the total all-in fee, not just the headline number.

Frequently Asked Questions

Related coverage

For more on this topic from CrowdfundedWealth:

• Best for accredited investors 2026 — When you have $25K+ to deploy.
• Best passive real estate income 2026 — Ranked by monthly payout.
• 7 best Fundrise alternatives 2026 — For every type of investor.
• Concreit Review 2026 — The $1 minimum real estate app.
• Ark7 Review 2026 — $20 minimum fractional real estate.
• Cardone Capital Review 2026 — A $5K-minimum Reg A+ fund where the "15% return" marketing does not match the audited SEC filings. We do not recommend it.

The Bottom Line

You don't need $200,000 in income or $1 million in net worth to invest in real estate. The platforms on this list have made it possible for anyone to start with as little as $10.

If I had to pick three for a beginner building their first real estate crowdfunding portfolio:

1. Fundrise for diversified, passive exposure — your foundation
2. Groundfloor for short-term yield and faster capital recycling — your growth engine
3. Arrived Homes for specific property picks that you control — your active allocation

Start small. Learn how each platform works with money you're truly comfortable risking. Scale up as you gain confidence and data. And always — always — diversify across platforms. No single company deserves 100% of your trust.

If you're investing primarily from your phone, our Best Real Estate Crowdfunding Apps 2026 guide ranks every platform's iOS and Android app with verified ratings and update-cadence data — six platforms in this niche still have NO mobile app at all. If you want to wrap this strategy in a Roth IRA for tax-free growth, see Best Real Estate Crowdfunding for Roth IRA 2026 — the structural fact most investors miss is that Roth IRAs do NOT get the Solo 401(k) UDFI carve-out, so the playable platform list is narrower.

For specific budget tiers and platforms to AVOID in 2026: our Best Real Estate Crowdfunding for $10,000 Investors framework details the 5-sleeve diversified allocation. To understand which platforms have suspended redemptions in 2025-2026 (Fundrise Equity REIT Oct 2025, RealtyMogul Apartment Growth REIT April 2026, HappyNest Jan 2026, DiversyFund Growth REIT I in wind-down), read the Real Estate Crowdfunding Liquidity 2026 forensic. And for the highest inception-to-date return among non-accredited Reg A+ REITs in our 2026 coverage (17.17% annualized since July 2021), see our Roots (Invest with Roots) review. For the verified Q1 2026 distribution rates, NAVs, and redemption status across 10 platforms (triangulated against SEC EDGAR Form 1-U filings), see our Real Estate Crowdfunding Performance Tracker Q1 2026. For the inflation-adjusted ranking (April 2026 CPI 3.8% YoY hurdle), see Best Real Estate Crowdfunding for Inflation Protection 2026. For the downside-protection conservative-investor ranking, see Best Real Estate Crowdfunding for Capital Preservation 2026.

If you are specifically looking to move on from a long-hold syndication, Cardone Capital Alternatives in 2026 works through the same question from the exit side: which of these platforms has a redemption mechanism that actually cleared recently, and which one suspended repurchases in April 2026.