7 Best Fundrise Alternatives in 2026 (For Every Type of Investor)

Corrected October 16, 2026 — Fundrise prospectus date. Earlier versions of this page gave the date of the Fundrise Flagship and Income prospectuses as April 29 or April 30, 2026. Both are dated May 1, 2026: EDGAR accepted each Form 486BPOS on the evening of April 29, gave it a filing date of April 30 and made it effective on May 1 (Flagship filing index, Income filing index). The fee figures cited are unchanged.

Fundrise is the platform that brought real estate crowdfunding to the masses. $10 minimum. Simple app. No accreditation required. If you're reading this, you probably already know what it is.

But Fundrise has real problems in 2026. Redemptions at its eREIT products have been limited (see our Flagship fund repurchase analysis); the Flagship Real Estate Fund is a separate interval fund whose September 2026 notice offered to repurchase up to 5% of shares at NAV. Fundrise also asked Innovation Fund shareholders to raise the fund's management fee from 1.85% to 2.50%; the proposal failed at a February 19, 2026 special meeting, a month before the NYSE listing. And the Flagship Real Estate Fund returned 1.33% in 2025 and 7.50% in 2024, after −11.79% in 2023 — not exceptional for money you should plan to leave in for 5–10 years.

That doesn't mean Fundrise is a bad investment. It means it's worth knowing what else exists.

This is a no-affiliate-pressure comparison. For most of these platforms, I earn nothing if you sign up. I'm comparing them because that's the only way this site has any credibility.

Why People Are Looking for Fundrise Alternatives

Three real issues are driving the search in 2026.

1. Liquidity is worse than advertised

Fundrise says most of its funds "offer quarterly liquidity." In practice, redemptions have been delayed, prorated, or suspended entirely during periods of economic stress. After seven eREITs merged into Fundrise eREIT in April 2026, the merged fund honored about 2,400,000 of the roughly 7,256,000 shares submitted for redemption by June 30, 2026, capping that quarter at 4.00% of NAV. BBB complaints filed in 2025 and early 2026 include investors who submitted redemption requests months ago and are still waiting, receiving automated responses about fund mergers and regulatory delays.

The legal reality: liquidity is rationed by each fund's rules. The Flagship Fund, an interval fund, must offer every quarter to repurchase at least 5% of its shares, but oversubscribed offers are prorated; Fundrise eREIT limits redemptions to 2.50% of NAV a quarter (up to 5.00% at the manager's discretion) and leaves the rest unhonored. Plan on 5–10 years.

2. A failed fee increase and a wild premium on the Innovation Fund

The Flagship Real Estate Fund's May 1, 2026 prospectus shows total annual fund operating expenses of 1.78%: a 0.85% management fee, 0.74% of other expenses (0.50% of it marketing) and 0.19% of interest on borrowed funds. The Innovation Fund — Fundrise's venture capital product that debuted on the NYSE in March 2026 — charges 1.85%, and Fundrise asked shareholders to raise that to 2.50%; the proposal failed on February 19, 2026. Worse, within days of its NYSE debut, the fund was trading at a 1,500%+ premium to net asset value, meaning retail buyers were paying $16+ for every $1 of NAV (closes of $314.99 on March 24 and $380.00 on March 25, 2026, against a $18.97 NAV per share). That's not a Fundrise problem per se — it's a market pricing problem — but it's a risk for investors who don't read the fine print.

3. You can't choose your properties

Fundrise pools your money into diversified portfolios managed by their team. You don't pick the assets, the markets, or the deal structures. If you want to buy into specific rental homes in Phoenix or short-term construction loans in Atlanta, Fundrise can't help you. Other platforms can.

The 7 Best Fundrise Alternatives

1. Groundfloor — Best for Higher Returns + Real Liquidity

Groundfloor solves the two biggest problems with Fundrise: liquidity and returns.

Instead of multi-year equity positions, you fund short-term real estate loans (typically 6–12 months). The borrower — usually a house flipper or developer — pays you back with interest when the project sells or refinances. You get your principal plus yield. No 5-year wait.

The numbers:

• Minimum investment: $10 per loan
• Average return: 9.91% overall rate of return, per Groundfloor's July 2025 asset-management update; individual loans currently advertise a 10–18% target IRR
• Fees: Zero investor fees on loans and Notes (Groundfloor earns origination fees from borrowers, typically 2% to 6% of the loan, per its offering circular)
• Flywheel portfolio: permanently closed to new investment, including automatic reinvestment, since July 7, 2026
• Since 2018: 100% on-time payment record on Notes product

The honest drawback: Defaults are real. Groundfloor's July 2025 update put its last-twelve-month loss ratio at 2.12%, against 0.94% since inception, and its audited FY2025 Form 1-K shows 73.4% of the $88.4 million legacy loan book more than 90 days past due at December 31, 2025 (27.5% a year earlier), alongside the auditor's going-concern doubt. A late loan can tie up your money for years. You need to diversify across 15–20+ loans to smooth out defaults. The $10 minimum makes this easy.

Who it's for: Non-accredited investors who want competitive yields without multi-year lockups. The best Fundrise alternative if return and liquidity are your priorities.

See our Groundfloor full review for deeper analysis.

2. Arrived Homes — Best for Individual Property Selection

Arrived Homes takes the opposite approach from Fundrise: instead of a diversified portfolio you can't see into, you browse actual properties and pick which ones to buy shares of.

A rental home in Nashville. A vacation cabin in the Smoky Mountains. You see the address, the projected rent, the projected return, and the occupancy history. You own a fractional share and receive proportional rental income.

The numbers:

• Minimum investment: $100 per property
• Returns: 3–5% annual dividends (rental income net of fees), with appreciation upside on sale
• Historical returns: Arrived publishes a total-return figure for each home on its returns page (the "173 exits averaging 18.6%" quoted elsewhere is not on Arrived's own pages)
• Fees (single-family homes, Arrived Homes, LLC): 3.5% sourcing fee, 1% brokerage fee and up to 2% offering expenses going in; 0.6% of the purchase price a year in asset management, paid from rent; a disposition fee expected at 6-7% of the sale price; property management of 6-8% of rents (circular dated January 30, 2025; vacation rentals are a separate issuer with their own fees, not re-checked)
• Liquidity: Individual properties target 5–7 year hold; Single Family Residential Fund offers quarterly redemptions after 6 months

The honest drawback: The one-time fees create a structural year-1 drag. If you invest $1,000 in a property, roughly $35 goes to Arrived as a 3.5% sourcing fee and up to about $30 more as brokerage and offering expenses before the first dollar of rent. In year 1, at 4% dividend yield, you're earning $40 in dividends against up to $65 of one-time fees going in, and a 6-7% disposition fee is still to come when the house is sold. We broke down this math in detail in our fees comparison article.

Arrived has no affiliate program. We earn nothing if you sign up. That's unusual — it means you should probably trust this recommendation more, not less.

Who it's for: Investors who want to own specific rental properties rather than pooled funds. If "owning a slice of a house" is more interesting to you than "owning a slice of a diversified REIT," Arrived is your answer.

See our Arrived Homes full review for the complete breakdown.

3. Ark7 — Best for Zero AUM Fees + Monthly Income

Ark7 is the least-talked-about platform on this list and, in some ways, the most interesting.

Like Arrived, you buy fractional shares of individual rental properties. Unlike Arrived — or Fundrise — Ark7 charges zero annual AUM fees. Instead, they earn a 3% sourcing fee when a property is acquired, 8–15% of rental income for property management, and an asset management fee of 15% of each property's free cash flow available for distribution, paid only when a distribution is made.

Why does this matter? Over a 5-year hold, the Flagship fund's annual costs (1.78% of total annual fund operating expenses in its May 1, 2026 prospectus) compound into meaningful fee drag. Ark7's fee structure doesn't take an annual percentage of your total balance, which is better for long-term returns.

The numbers:

• Minimum investment: $20
• Annual dividend yield: 4.00% annualized in August 2026 (4.36% in March 2026; paid monthly, on the 3rd of each month)
• Fees: Zero AUM fees; 3% sourcing + 8–15% property management of gross rents
• Investors: 300,000+ active; $30M+ in property value funded; $4M+ in cash dividends paid (Ark7's figures as of May 2026)
• Occupancy rate: 90.24% (August 2026)
• Liquidity: No trading market; a transfer needs a 12-month hold and the manager’s written consent (Ark7 circular, October 2026)

The honest drawback: The 8–15% property management fee on gross rents is meaningful. On a property generating $2,000/month in rent, 15% = $300/month going to management fees. This is baked into the returns Ark7 shows, but understanding the structure helps you evaluate deals.

Who it's for: Income-focused investors who hate annual management fees eating into their compounding. Monthly distributions make it one of the few platforms with consistent cash flow closer to a traditional dividend stock than a 5-year lockup.

4. RealtyMogul — Commercial Real Estate REITs, Closed to New Money Since July 2025

RealtyMogul is one of the few platforms offering non-accredited investors access to commercial real estate — not residential rentals, but multifamily apartment complexes and commercial properties. In November 2025 the platform was acquired by The Wideman Company, a 50-year real estate operator that has publicly committed to co-investing on every new deal.

Two REITs were open to non-accredited investors until both stopped accepting new money on July 11, 2025 (on September 10, 2026 the Income REIT withdrew the new offering statement it had filed in October 2025):

• Income REIT (MogulREIT I): Paying approx. 1.5% of NAV annualized for Q2 2026 (cut from a historical 6–8% range); NAV per share is $6.85 as of March 31, 2026 vs. $11.02 peak (down 37.8%)
• Apartment Growth REIT (MogulREIT II): ⚠️ closed to new investors since July 11, 2025; distributions paused since January 29, 2026; NAV per share $6.85 as of March 31, 2026

The numbers:

• Minimum investment: $5,000 for REITs (not $1,000 as older reviews claim — confirmed 2026)
• Fees: 1% annual management (Income REIT), 1.25% (Apartment Growth REIT), plus organization/offering expenses and servicing fees that can push all-in costs above 2%
• Liquidity: share repurchases suspended since April 21, 2026 (before that, a 5% annual cap, with real investors reporting 2–4 year waits)
• Non-accredited limits: Cannot invest more than 10% of annual income or net worth

The honest drawback: RealtyMogul cut its Income REIT distribution from 6% to approx. 1.5% of NAV and NAV has fallen 37.8% from peak. Trustpilot ratings are 1.3/5 (64 reviews, September 2026) with multi-year redemption complaints. The Wideman acquisition is structurally positive, but prospective investors should let new deals season a few quarters before committing capital. See our full RealtyMogul review for the detailed breakdown.

Who it's for (now): Existing REIT shareholders deciding whether to wait out the suspended repurchases. New investors cannot buy either REIT; RealtyMogul's private placements are for accredited investors only.

5. Streitwise — Once a High-Yield Office REIT, Now in Steep Decline

Streitwise paid a weighted average annualized yield of 6.92% on the $10 price from 2017 to June 2026 (its H1 2026 filing; its marketing still quotes an 8.3% average) — but the first quarter of 2025 brought a 77% distribution cut (from $0.13/share to $0.03/share quarterly, then $0.04 from Q2 2025), and NAV was $6.96 per share at June 30, 2026, down from the original $10.00 (a 30.4% decline). The yield is 2.3% on NAV (1.6% on the original $10), not the 8.3% most outdated reviews still cite. In June 2026 the board suspended the offering (effective June 25) and the redemption plan (effective July 1) while it evaluates strategic alternatives.

The deterioration is structural: Streitwise's three-property portfolio (the Allied Solutions Building and Midtown III in Carmel IN, and the two-building Laumeier II & IV office park in Sunset Hills MO) is all office, one building with a retail component. Panera Bread, 26% of the portfolio's rentable square footage, did not renew its lease at Laumeier I, which Streitwise sold to BJC Health System on February 27, 2024, and the broader office vacancy crisis has compressed valuations across the sector.

The numbers (current, not historical):

• Minimum investment: none — closed to new investors (offering suspended effective June 25, 2026)
• Current yield: 2.3% on NAV ($0.04/share quarterly since Q2 2025, after the Q1 2025 cut)
• NAV: $6.96/share at June 30, 2026 (down from $10.00 — a 30.4% decline)
• Fees: 3% upfront + 2% annual management (returns quoted net)
• Portfolio: 3 commercial office properties (Carmel IN + Sunset Hills MO)
• Liquidity: redemption plan suspended since July 1, 2026 (before that: 1-year minimum hold, requests filled pro-rata)

The honest call: Streitwise's pre-2024 record was real — but the 2025 cut is also real, and the 2026 economics no longer support the 8%+ narrative. Most third-party reviews still show the old yield. For the full data, see our Streitwise 2026 review.

Who it's for (now): Existing shareholders only: new investment and redemptions are both suspended while the board evaluates strategic alternatives. For pure yield, Groundfloor (~10%) and Arrived's Real Estate Income Fund (8.35% trailing-12-month dividend yield as of August 2026) are stronger 2026 picks.

6. Concreit — Best for Maximum Liquidity

Concreit is the answer to "what if I want real estate returns but might need my money in 6 months?"

The platform invests in short-term real estate debt (similar to Groundfloor, but pooled rather than individual loans). Once an investment is at least 60 days old, you can request a withdrawal; Concreit reviews requests weekly and says the full process typically takes 2 to 4 weeks. That's extraordinary liquidity for a real estate investment, but it depends on the fund having cash: in August 2026 it received $251,327 of new redemption requests and processed $113,782.

The numbers:

• Minimum investment: $1
• Annual yield: 6.30% annualized distribution rate (weekly distributions declared August 31, 2026, stated on a $1.00 share; shares currently sell at $0.96)
• Fees: 1.0% annual management fee on NAV (a bonus program can offset fees with fee-waiver credits); redemption cost of 2% in year 1, 1% in year 2, nothing after
• Liquidity: withdrawal requests reviewed weekly once an investment is 60 days old; typically 2–4 weeks to receive funds

The honest drawback: The return-liquidity tradeoff is real. Concreit's 6.30% distribution rate is lower than Groundfloor's ~10% or Streitwise's historical 6.92% average. You're paying for the ability to get out quickly. If your timeline is genuinely uncertain, that tradeoff might be worth it.

Who it's for: Investors who want real estate exposure but aren't comfortable with multi-year lockups. If you're building an emergency fund buffer, have a home purchase in 12-18 months, or just want flexibility, Concreit is the most liquid option.

7. EquityMultiple — Best for Accredited Investors Wanting Institutional Deals

EquityMultiple is accredited investors only. If you don't qualify (under $200K annual income or under $1M net worth), skip to the next section.

For everyone else: EquityMultiple is what Fundrise isn't. It offers institutional-grade commercial real estate — office buildings, multifamily developments, industrial properties — that individual investors have historically been locked out of.

The numbers:

• Minimum investment: $5,000–$10,000 depending on offering
• Historical distributed yield: 9.08% on its Ascent Income Fund as of Q1 2025 (EquityMultiple's figure for one debt fund, not a platform-wide average)
• Products: Alpine Notes (6.0%, 7.2% and 7.5% target APY on 3-, 6- and 9-month terms as of October 2026, no fees), the Ascent Income Fund (debt), longer-term equity deals
• Fees: Vary by deal; typically 0.5–1.5% annual management
• Liquidity: Deal-dependent; Alpine Notes are the most liquid (3-, 6- or 9-month terms, with an early-redemption option after 30 days)

Important note: the link above is generic. We are not in EquityMultiple's affiliate program and we earn nothing from recommending them.

See our EquityMultiple full review for the complete breakdown.

For investors who want lower minimums, mogul.club sells fractional shares of individual rental homes from $250 — though its advertised 18.8% average annual return is unverified pending first exits, which makes it a watch-and-wait rather than a deploy-now recommendation.

Side-by-Side Comparison

Fundrise Flagship Real Estate Fund total return on NAV for 2025, per its Form N-CSRS for the period ended June 30, 2026 (7.50% in 2024, −11.79% in 2023).

Should You Stick With Fundrise?

Yes, in these situations:

You want simplicity above all else. Fundrise's one-button portfolio is genuinely the easiest onramp into real estate investing. No picking loans. No browsing properties. Open the app, invest $10, and move on with your life. None of the alternatives are this simple.

You're investing for the very long term. If you're 25, contributing $200/month, and won't touch it for 15 years, Fundrise's multi-year lockups aren't a problem. They're a feature — forced holding prevents panic selling at market bottoms.

You want geographic and asset-class diversification. Fundrise's Flagship Fund held ten positions at June 30, 2026: six real estate joint ventures with Fundrise affiliates, a data-centre loan, an AI private-equity interest, its Innovation Fund (VCX) stake and a money-market fund. The properties sit inside the joint ventures, and we have not seen a property count in the filings. Individual platforms like Arrived or Ark7 require you to build that diversification yourself.

You want one consolidated real estate position. Managing accounts across Groundfloor, Arrived, Ark7, and RealtyMogul is more overhead than managing one Fundrise portfolio. Some investors genuinely value simplicity.

FAQ

The Bottom Line

Fundrise isn't broken. But it also isn't the only option.

If you care about returns and liquidity, Groundfloor delivers both better than Fundrise and costs you nothing in annual fees.

If you care about owning specific properties rather than a pooled fund, Arrived or Ark7 give you that visibility.

If you want pure income, Streitwise's dividend record (6.92% average on $10 since 2017, per its filings) is history: it pays 2.3% on NAV and has been closed to new investors since June 25, 2026.

And if you need flexibility — you might need this money in 12 months — Concreit reviews withdrawal requests weekly once an investment is 60 days old.

The right answer is usually a combination. Fundrise for broad diversification, Groundfloor for yield, Arrived for one or two properties you actually believe in. That's not financial advice. That's just how most real investors in this space actually build their portfolios.

Want to analyze specific deals on any of these platforms? DealCheck lets you run the return math (cash-on-cash, IRR, cap rate) on any property. Use code BESTDEAL for 20% off your first month. Affiliate link: we may earn a commission at no extra cost to you.

For more on how these platforms compare on costs, see our real estate crowdfunding fees comparison. For returns data and what to realistically expect, see real estate crowdfunding returns.