There was a time when investing in real estate was limited to a privileged few. However, the emergence of real estate investing apps has completely changed the game. It has become ridiculously simple for anyone to invest in real estate. You no longer have to have a luxury yacht or own a resort to be able to invest in any kind of real estate property. With as low as $1, you can diversify into both residential and commercial real estate investing. Since you are doing this through the comfort of a mobile app, it is very important to know about the best real estate investing apps for you. Fortunately, there are many viable options to choose from. But we shall shed light on them as we proceed further in the blog.
Why Use Real Estate Investing Apps?
Real estate investing apps have made it possible for anyone to invest in real estate, not just those who are wealthy or experienced. These apps allow the general public to invest; some even offer low minimum investments, such as $10, making it easier for people to enter the market. You don’t need extensive knowledge about real estate to use these apps, either. All you need to know is your risk tolerance, how much you want to invest, and what investment strategy you want to employ. It’s that simple! Investing through real estate crowdfunding apps is much easier than direct real estate investment because it requires no time or labor.
One interesting perk of investing in real estate investing apps is that the process is passive. This means that even the busiest of investors can find time to join the fun. Additionally, real estate crowdfunding platforms provide an easy way to diversify your investments. With just a few dollars, you can invest in numerous properties nationwide, including residential and commercial real estate, like office buildings, apartment complexes, and even parking garages.
Qualities Of Effective Real Estate Investing Apps
Prior to looking for reliable real estate investing apps, you must know what you are looking for in them. Below we have listed some characteristics that make for an exceptional real estate application.
- Minimum investment limit
- Clear-cut explanations of risks
- Transparent explanations of all fees
- Historical returns
- The redemption program: how to cash in on your investment
- Option for early redemption fees
- Explicit information about each investment property
- Insights on the local real estate market
- Availability for non-accredited investors
Top Real Estate Investing Apps To Choose In 2023
Now let’s dive into the essence of this blog which is to discuss the best real estate applications that have been critically acclaimed and reflected the abilities of excellent real estate app developers.
| Application | Key Features |
| Stash |
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| Fundrise |
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| Airbnb |
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| Zillow |
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| Redfin |
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| Mashvisor |
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| LoopNet |
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| Ally Invest |
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Earn a lot of cash with STASH
Stash is an excellent app for those new to real estate investing. You’ll receive a $5 bonus immediately upon signing up, and the first month is free as well. Moving forward, a monthly fee of $1 applies, but there’s no minimum balance requirement, and you can withdraw funds at any time without any charges, so you are good to go. Stash offers educational materials and guides you through building your investment portfolio step by step. Additionally, Stash predicts the potential returns if you invest more money in your portfolio.
With Stash, you can access exchange-traded funds (ETFs) concerning the real estate industry, such as Real Estate Tycoon, Roll with Buffett, or Slow & Steady. This feature spares you the trouble of feeling confused and overwhelmed by unfamiliar ETF names. However, it is important to remember that managing the ETFs you purchase requires a separate fee from what you pay Stash. If you’re looking for an easy-to-use tool to start your investing journey in the real estate industry, Stash is an excellent option for beginners.
| Downloads: 10M+ | Rating: 3.8 |
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Keep your eyes on the prize with FUNDRISE
Investing in real estate can be daunting, especially if you’re new to the game. No worries, though, because Fundrise is there to save the day. The platform incorporates investing expertise with technology to enable access to investment funds that would otherwise be booked for large organizations. With over 350,000 investors on the platform, you can invest from the comfort of your own home without rationing a significant portion of your savings. Fundrise is also ideal for those who don’t want to get into the intricate details of real estate investing.
With Fundrise, you don’t have to worry about screening tenants or fixing up properties either. What’s more, it delivers complete transparency. However, it’s essential to know that you don’t have any control over what you invest in. Fundrise is best suited for long-term investors who can afford to keep their funds invested for at least five years. Should you choose to withdraw your funds before the five-year mark, there’s an exit fee to pay. Fundrise can be an excellent real estate investing app if you want to dip your toes into real estate without carrying too much risk.
| Downloads: 100k+ | Rating: 4.6 |
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Invest through real estate apps carefree with AIRBNB
If you’re fortunate enough to live in a popular tourist destination and want to earn extra money, renting out your property on Airbnb can be a fantastic opportunity. However, it’s important to remember that it’s a more active source of income and requires some effort to meet your guests’ high expectations. If you need help managing everything independently due to time constraints or a lack of energy, consider hiring a property manager. Remember that positive reviews are essential for attracting more guests, so ensuring your guests are well cared for is crucial. Additionally, you can use the Airbnb mobile app to manage your listing on the go, but be aware of some reported issues with the app. Overall, if you’re up for the challenge and enjoy meeting new people, renting out your property on Airbnb can be a fantastic way to increase your income.
| Downloads: 100M+ | Rating: 4.5 |
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Sustain your cashflow with ZILLOW
Zillow is one of the most prevalent real estate investing platforms. The mobile platform is easy to use and lets you quickly search homes in your vicinity with custom filters like listing type, home type, price, number of bedrooms, and much more. One of Zillow’s outstanding features is access to pre-foreclosures, foreclosure auctions, and bank-owned properties. There are also the “Zestimates,” the home value assessments developed by an algorithm that utilizes public and user-submitted data. While not consistently as accurate as a regular home appraisal, Zestimates are favored by Zillow users. You will also receive email notifications on properties you’re interested in, with regular updates on price fluctuations and open house schedules. Although the community data isn’t the most reliable, you still get an all-around idea of a home’s locale through graphic maps and satellite overlays. The Zillow app is worth a try because of all such features and benefits.
| Downloads: 10M+ | Rating: 4.7 |
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Let the investment begin with REDFIN
This investing platform offers an extensive MLS real estate listings database, making your search easy and time-efficient. As desired, Redfin comprises features such as notifications, saving favorites, and customizable searches. The 3D walkthrough feature delivers an immersive virtual tour of the homes you’re interested in. Another exciting feature is the option to book tours with a dedicated local Redfin agent. That’s not all.
You can also read reviews from Redfin agents on homes they toured. You might need help finding comparable information about the same property on another platform. To facilitate users in making informed decisions, Redfin identifies which homes are likely to sell fast, dubbing them “Hot Homes.” The algorithm for Hot Homes utilizes information like price, property type, buyer preferences, and more to estimate the probability of a home selling quickly. If you sell your home through Redfin, you’ll be charged 1.5%, which is lower than the average rates, according to Redfin.
| Downloads: 5M+ | Rating: 4.6 |
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Your real estate stabilizer, MASHVISOR
If you’re considering investing in real estate, conducting thorough research beforehand is essential. This involves analyzing each property and its potential returns, which can be time-consuming. Fortunately, Mashvisor was designed to simplify this process. The company claims that it can condense three months of research into just 15 minutes. Whether you’re interested in a long-term rental or an Airbnb-type property, Mashvisor can do the number crunching for you.
By pulling data from popular real-estate sites like Zillow and Redfin, Mashvisor presents the information in an organized and efficient manner. For each publicly listed property on the MLS, you’ll receive insights such as the current price, the capitalization rate, and the potential cash-on-cash return. You can even compare and contrast the results to see how the property would perform as a traditional rental versus an Airbnb listing. Mashvisor offers pricing plans starting at $24.99 per month for basic analysis and up to $79.17 per month for more advanced features (billed annually).
| Downloads: 10k+ | Rating: 4.6 |
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Invest without regret with LOOPNET
Investors seeking multi-unit or commercial properties like office buildings often turn to LoopNet, which many consider their go-to platform. This type of real estate can be challenging to find on other sites, but LoopNet has you covered. Their real estate investing app allows you to access all of the features available on the website, but some require a premium membership. However, the free version provides access to the most basic functions, including the ability to search for commercial properties. The search filters are user-friendly, and you’ll receive comprehensive information on properties, including data, photos, location maps, street view, and more. Additionally, you can choose to display search results either on a map, a list, or both.
| Downloads: 500k+ | Rating: 4.6 |
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Choose the best; choose ALLY INVEST
If you are a fan of REITs, you can definitely consider Ally Invest. If you are new to investing and looking for a platform to get started with, Ally Invest is a solid choice. One of the advantages of Ally Invest is that there’s no account minimum, and the flat rate of $4.95 for trading stocks, ETFs, and options is quite competitive compared to other options like E-Trade. Besides, Ally Invest offers an education center with a wealth of materials on investing styles, terms, and more. You can even use the platform to invest in REITs. While the mobile app doesn’t include market news or financial news streaming, it covers all the basics, like trading, monitoring investments, and viewing watch lists. If you’re after a straightforward app with a seamless interface, Ally Invest could be just what you need.
| Downloads: 1M+ | Rating: 3.7 |
Some Pros and Cons Of Real Estate Investing Apps
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To conclude
Real estate investing can be a risky game, but if you play your cards right, it can make you rich. The eight real estate investing apps discussed above are some of the popular ones from where you can start your real estate investment journey. These apps have been developed by skilled on-demand app developers whose talent has been reflected through the success of these applications in the market. Although there can be some drawbacks to investing in these apps, the chances of success are usually higher if you approach them with an open and determined perspective.
