Getting your money into Fundrise is about as effortless as it gets. All you need is an account and $10! But what about getting your money out the Fundrise?
Well, it turns out that withdrawing your money from Fundrise is about as simple and as straightforward a process as getting your money in commission point all you have to do is file a request to redeem your shares.
The timeline for getting your shares is going to depend on a couple of different things, though. Sometimes you’ll be able to get your funds almost immediately, but sometimes your funds will be held a little longer. There also may be a penalty for early withdrawals.
We dig deeper into that below.
Let’s Breakdown What Fundrise Is…
Before we get into the nuts and bolts of withdrawing money from your Fundrise account, it’s important to highlight what Fundrise actually is.
Essentially giving you the opportunity to invest in Real Estate Investment Trusts (REITs), Fundrise is open and available to anyone and everyone – including non-accredited investors – that are interested in capitalizing on commercial and private real estate.
Instead of purchasing real estate directly (and tying up hundreds of thousands, if not millions of dollars), you instead invest in a portfolio of properties held across the United States.
Your funds entitle you to shareholder membership in Fundrise, which in turn entitles you to quarterly dividend payouts (as well as a chunk of all the other prophets that are generated from the properties owned by Fundrise).
It’s a game changer!
Here’s How Fundrise Works
Instead of actually purchasing real estate, owning that real estate outright, and then being on the hook for developing the property, renting the property, or selling the property, you instead invest through REITs with Fundrise – and can basically kick your feet back and enjoy real passive income.
Quarterly dividend payouts are going to come to you on (no surprise here) a quarterly basis, paid directly into your account and available for withdrawal at any point in time you wish.
Getting the rest of your money out of Fundrise, though, involves going through that “request to redeem shares” that we mentioned a little earlier – and that’s something we touch on in depth in just a moment.
Can You Make Money with Fundrise?
Yes, it’s possible to make money when you are a member of Fundrise.
In fact, the average return on investment for 2021 with Fundrise was just under 23%.
Think about that for a second!
You’re not going to find a whole lot of other investment opportunities out there that can come close to offering you a 23% return on your money. That’s almost a quarter for every dollar that you have invested.
Obviously, those returns are not typical – some years you’ll make more and some years you’ll make less with Fundrise – but the potential for profit is exponential. You are, after all, jumping on board a real estate investment opportunity (the gold standard of investing).
How Long Does It Take to Withdraw Money from Fundrise?
Dividends
You can set up your withdrawal payouts to go directly to a bank account of your choice or you can manually choose.
It’s totally up to you.
Liquidating
When it comes to liquidating your membership shares, though, the process is a little different.
For one thing, you are going to need to request to redeem your shares – something that you are going to be able to do directly through the SETTINGS section of your Fundrise account dashboard.
This process is simple and straightforward (takes maybe five minutes from start to finish), and is something that you can execute anytime,
During this process you will be informed about the expected timeline for your shares to be liquidated and redeemed. Sometimes you can expect this to happen in just a few hours, sometimes a few days, and (certain circumstances) it might take a little bit longer than that.
You should also know that any REITs or eFund that you have held for less than five years may require some sort of fee assessed for early liquidation.
It’s important to remember that Fundrise isn’t a “get rich quick” kind of investment opportunity, but instead a platform for you to accumulate real wealth over time.
You might be able to accelerate the withdrawal/redeem share process with these kinds of investments if you’ve held them for less than five years, but you might have to pony up a little bit of cash to make that happen.
Closing Thoughts
Getting your money into (and out of) Fundrise is nowhere near as challenging as it might appear to be on the surface.
You’re going to be able to fund and withdrawal funds from your account quickly, using payment methods of your choice (for the most part).
Dividend payouts can be paid almost instantly, though you should anticipate anywhere between a 24 hour and 72-hour delay on those payments “hitting” your bank account after you’ve executed the withdrawal process.
Redeeming shares and liquidating them can take a little bit longer.
Thankfully, though, the Request to Redeem process (access through the SETTINGS section of your Fundrise dashboard) will not only walk you through the process but also give you an estimated timeline to work off as well.
When you get right down to it, it’s helpful to remember that Fundrise is (first and foremost) an investment vehicle designed to help people generate a tremendous amount of wealth through real estate – but that it’s going to take time to do so.
Don’t think of this as a get rich quick kind of scheme.
Think of it as a long-term investment that can transform your financial future forever.
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