If you read my blog regularly, you may have read a post I wrote in May of 2013 titled Maryland Residents Excluded From Real Estate Investment Opportunities. I was especially upset that DC and Virginia residents were able to participate, but Maryland residents were not. I didn’t stop with writing the blog post. I contacted FundRise and several of my state representatives to find out why I couldn’t invest in projects that were just miles away from my home.
I went to the Fundrise website and noticed that the next investment opportunity would open on March 26, 2014. I read all the information and disclaimers, marked my calendar and waited. I’m happy to say that my efforts were fruitful.
It turned out that Maryland was concerned that their residents would lose money on such investments and wanted some more information from FundRise before giving approval.
About a month ago I was contacted by my state representatives and by Fundrise to let me know that Maryland Residents will now be included in real estate investment opportunities through FundRise.
This morning when I visited the site, I was able to make my first investment. Once the process was completed, I shared my experience on Twitter. My tweet got a very exciting response.
If you are interested in learning more about the real estate investment opportunities available to DC, Virginia, and Maryland residents, check out the Fundrise site to see the latest news. The project that went live today has already raised $103K with 120 investors.