Concreit: Real Estate Income Review
Concreit makes real estate investing available for everyone. Sit back, relax, let your assets work. Unlike other ways of owning & operating real estate, Concreit lets you invest in fractional shares of real estate, which means that you can invest without minimums.
Great way to passively invest in real estate, receiving excellent returns for the lower risk of this investment.
You can start out with small amounts and even Set up a monthly contribution. Your funds are not even locked up for long-term either.
Concreit has a feature that will allow you to schedule an automatic investment directly from your account. You can set the amount and schedule the day you want the automatic investment to take place.
There are no upfront joining fees when you join Concreit. There is a Monthly Assets Under Management (AUM) fee (0.08%), which comes to 1% annually.
The withdrawal fees are a combination of pass-through ACH fees (bank transfer fee) and a redemption fee. It will depend on how long you invested your money with Concreit:
- More than a year: Just an ACH fee of 10bps (0.001%)
- Less than a year: Investors need to pay a short term redemption fee and ACH fee. The short term redemption fees will reduce the net dividends by 20%, but honor all of your original principal shares.
Pros:
- Accessible to all investors at all levels
- Recieve passive income from dividends weekly
- Investments run on full autopilot
- Very Secure
- No minimum holding period
Cons:
- Not very competitive compared to apps like Fundrise
- Farily New
- No FDIC or SIPC insurance
- Non accredited investors limited to 10% of annual income
