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On this podcast episode, I converse with Ben Miller, Co-Founder and CEO of Fundrise. We focus on the varied alternatives and dangers he sees for actual property and inventory buyers over the subsequent 12-24 months.
For the a number of years that I’ve identified Ben, he has all the time demonstrated a extra measured outlook than different CEOs and buyers I’ve spoken with. Like me, he is in his mid-40s and went by way of the 2000 Dotcom bust whereas working in tech. Then he skilled the actual property downturn beginning in 2008 whereas working in actual property.
As a steward of capital, I’d quite have somebody who’s extra cautious than somebody who shouldn’t be. We’re extra focused on hitting singles and doubles on our option to monetary independence quite than house runs. Avoiding main blowups is likely one of the keys to being a profitable long-term investor.
I additionally like Fundrise as a result of we each consider in investing within the Sunbelt area. In 2016, I wrote the put up, Focus On Developments: Why I am Investing In The Heartland Of America. My thesis was that Individuals would “unfold out” to lower-cost areas of the nation due to expertise. Right now, Fundrise predominantly invests in residential and industrial actual property within the Sunbelt area.
Fundrise was based in 2012. It’s a vertically built-in non-public actual property platform that manages over $3.3 billion in fairness for over 400,000 buyers.
Since 2016, I’ve invested $810,000 in varied non-public actual property funds and particular person offers. My foremost objective is to diversify away from costly coastal metropolis actual property and earn extra passive revenue.
Hear To The Podcast Episode With Ben Miller, CEO Of Fundrise
Click on play within the embedded participant beneath or go on to the episode on Apple or Spotify to pay attention. Please subscribe, fee, and share because it helps the present develop.
I hope you get pleasure from this deep-dive episode with Ben Miller. Fundrise is a proud companion and sponsor of Monetary Samurai. You’ll be able to join Fundrise right here and make investments with as little as $10.
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Personal Actual Property Investing: Seven Takeaways After Seven Years
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