Anyone here invest in or ever heard of Fundrise? Or has anyone put money into a private REIT like BREIT or KKR? Previous employer had an RE fund as part of my 401, but new employer doesn’t offer. I work at a bank, so there’s no carry or coinvesting. Thanks.
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Most of the private REITs have 5mm minimum investments for individuals unless they work there. Part of the qualified investor rules.
he means non-traded REITs (like BREIT), they only require minimum ticket sizes of $2,500. They are specifically for the "mass market" and fully registered securities so saleable to anyone who meets minimum suitability standards (i.e... has $2,500).
Personally, since I work in real estate, I feel fully "exposed" to the asset class and thus purposely do not put much of my retirement/liquid assets into real estate. I did buy some REIT index funds at a low point during the 'rona, but will probably sell when I feel value is restored (still only about 5% of portfolio). Just my personal plan, I'm not saying to avoid these but I would think about overall "portfolio" including your job, meaning if a 2008 style event happens, do you want to risk job and a lot of assets in same asset class?
Yes. Makes sense to risk. If you’re young. That’s how you get wealthy.
Doubt you are going to get "wealthy" investing in non-trade REITs (or even fundrise deals) vs. broad market index funds...
Either way... I actually sorta disagree with the "risk if you're young" concept (especially with respect to savings/investments). If you have some killer idea to beat Facebook and made Zuck look dumb, great go for it. But, if you aren't blessed some major idea/project/concept to launch, exactly what are you doing?
when you are young, you need to learn, get good at something, and figure out how to create value. THEN, you can take risks or make moves (i.e. go out on one's own, which if you look at in the CRE space, the successful ventures like that are most often people in 40s leaving known firms... just a fact).
So, while young, build and maintain lots of liquidity, then you can sustain the risk of a new venture (and maybe even partially fund it) later on. The eagerness is great, but the probability of success is def lowest in one's 20s, all else equal.
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