Is DiversyFund a legitimate company?
DiversyFund is a legitimate business with multiple real estate holdings in various entities, including the DiversyFund Growth REIT.
How do I withdraw money from DiversyFund?
No Option to Take Cash Distributions.
DiversyFund doesn't allow shareholders to withdraw cash distributions from their accounts. Until DiversyFund sells assets in its portfolio, all distributions are reinvested in the REIT.
How much can you make from DiversyFund?
This revenue model has DiversyFund projecting it will make between 10 and 100 times the revenue of competitors. DiversyFund estimated it could collect $1.2M in project/developer fees, as well as a future income of $21.2 million on the sale of its acquired assets.
Can you make money with DiversyFund?
DiversyFund can give nonaccredited investors the ability to diversify into real estate investing for as little as $500. But don't expect to see any returns from your investment for three to five years.
How does DiversyFund make money?
DiversyFund does collect rent on the properties your money is invested in and will make distributions to investors — however, your dividends are automatically reinvested to finance renovations and purchase new assets.
How much do you need to invest in DiversyFund?
The bottom line: With a $500 minimum investment, DiversyFund is a low-cost entree into the often high-roller world of real estate investing. But investors should take a long-term view, as all distributions are reinvested into properties until they are sold.
Who is DiversyFund?
Launched in 2014, DiversyFund is an online real estate investing platform offering private commercial real estate investments to nonaccredited investors (or people with less than $1 million to invest). While some platforms let you trade on your own, DiversyFund is completely automated.
Is DiversyFund a REIT?
The DiversyFund Growth REIT is a public non-traded REIT that owns and manages all of their own real estate assets. This means more transparency, control, and overall insight on all properties.