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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI160: The Fundrise Approach w/ Ben Miller

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 30 January 2023

⏱️ 71 minutes

🧾️ Download transcript

Summary

Patrick Donley talks with Ben Miller about how his company, Fundrise, is using technology to build a better financial system for the individual investor. Ben Miller is Co-Founder and CEO of Fundrise. Since launching America’s first online real estate investment platform in 2012, Fundrise has now become the largest direct-to-investor alternatives investment manager with more than 385,000 active investors, more than $3.3 billion worth of equity under management, and $7 billion worth of real estate transacted.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:14 - What Ben’s early years were like growing up in a real estate family. 05:41 - Why his mentor wished upon him a great failure for his first start-up. 07:11 - How the idea for Fundrise developed. 11:28 - How he handled the 2008 Great Financial Crisis. 24:57 - What the regulatory hurdles were like starting the company. 35:04 - Why Fundrise is more of a technology company that a real estate firm. 48:23 - How inflation and rising interest rates have affected the market. 01:07:46 - What trends are most exciting to him at the moment. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert’s book The Everything Guide to House Hacking. Onward, a Fundrise podcast. Related Episode: Listen to REI010: Commercial Real Estate Investing w/ Ian Formigle, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick (@jpatrickdonley): Twitter Connect with Ben: Website | Instagram |Twitter   Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.3

The biggest mistake they made was they let what they wanted to have happen get in the way of seeing what was actually happening.

0:10.0

And I came away from that experience with the lesson that staring, brutal reality in the face and seeing it for what it is, as fast as you can, is critical to then knowing

0:23.3

what decisions to make.

0:27.9

Hey guys, in this week's episode, I had the opportunity to interview Ben Miller about how

0:32.7

his company, Fundrise, is using technology to build a better financial system for the

0:36.9

individual investor,

0:38.3

one that's simpler, less costly, more reliable, and transparent. Since launching America's

0:42.8

first online real estate investment platform in 2012, Fundrise has now become the largest direct-to-investor

0:49.0

alternatives investment manager, with more than 371,000 active investors, more than $3.3 billion worth of equity

0:56.1

under management, and $7 billion worth of real estate transacted. Ben is co-founder and CEO of Fundrise,

1:02.5

and has decades of experience in both real estate and finance. He was managing partner of

1:06.7

West Mill Capital Partners and President of Western Development Corporation, where he was

1:11.2

responsible for acquiring, developing, and financing more than $500 million worth of property.

1:16.9

I really enjoyed this conversation with Ben and found him incredibly knowledgeable and insightful.

1:21.9

I actually could have gone on and talked to him for another few hours.

1:25.2

Ben's father said, real estate is always in motion, and I'd love

1:28.4

hearing about how Fundrise is positioning itself to take advantage of the larger macro trends

1:33.2

that Ben sees unfolding in today's market. And so, without further delay, let's jump into this

1:38.4

week's episode with Ben Miller. You are listening to Real Estate 101 by the Investors Podcast Network, where your hosts, Robert

1:50.1

Leonard and Patrick Donnelly interview successful investors from various real estate investing

1:55.1

niches to help educate you on your real estate investing journey.

...

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