Best Real Estate Investing Platforms for Physicians (2026)
Five platforms physicians use to invest in private real estate, compared on what each one publishes about itself: minimums, who can invest, fees, and how you get your money out. Tick any two or three to compare them side by side.
EDITOR-IN-CHIEFJoshua Dunigan, DO
Sources cited
Updated September 27, 2026
On This Page
In this review
Helpful Resources
- Physician Student Loans (2026): PSLF, Refinancing and Repayment — The Complete Library
- Moonlighting as a Resident: Taxes, Contracts, and How Much You Can Actually Make (2026)
- Physician Contract Red Flags: 10 Things to Never Sign Without Negotiating (2026)
- Doctor Loan vs. Physician Mortgage: Is There a Difference? (2026)
Key takeaways
- •Expect to need accredited status. CrowdStreet, EquityMultiple, and Origin’s funds require it. RealtyMogul’s REITs, which didn’t, are paused, and Willow Wealth doesn’t publish which offerings skip it. The one no-accreditation option we confirmed is Origin’s affiliate credit fund, ORRIX, at $5,000.
- •Lowest minimums: CrowdStreet and Willow Wealth typically start at $5,000. EquityMultiple’s standard minimum is $25,000 ($5,000 for its short-term Alpine Notes). Origin’s funds start at $50,000 to $100,000.
- •Two platforms are under new management. Larson Capital Management has operated EquityMultiple under license since August 1, 2026, and RealtyMogul says it was recently acquired by a group led by the Wideman Company.
- •Plan to hold for years. Most offerings can’t be sold before they end. Willow Wealth’s evergreen funds make quarterly repurchase offers, capped each quarter, and some CrowdStreet offerings allow limited periodic redemptions.
These platforms let you put money into commercial buildings, apartment funds, and real estate loans without owning or managing a property yourself. They differ in who picks the deals, how much you need, and how long your money stays locked up. This review compares five of them on what each publishes on its own website and in its own documents, read September 27, 2026. How private real estate fits next to rentals and REITs is in our physician real estate investing guide, and the tax side is in rental real estate tax rules for physicians.
An earlier version of this page gave the platforms ratings and a “top pick,” called some track records “outstanding,” and said syndication income was often tax-free. We removed all of it. It also listed minimums that have since changed, and it didn’t reflect EquityMultiple’s new operator or the pause on RealtyMogul’s REITs.
Five platforms, side by side
Tick up to 3 platforms to compare them side by side.
| Platform | Type | Minimum | Who can invest | Getting money out |
|---|---|---|---|---|
| CrowdStreet | Marketplace for outside sponsors and fund managers | Typically $5,000 | Accredited only | Varies; some quarterly, some none |
| EquityMultiple | Curated commercial real estate deals and short-term notes | $25,000 ($5,000 Alpine Notes) | Accredited only | Hold to exit; notes 3 to 9 months |
| Origin Investments | Manager of its own multifamily funds (not a marketplace) | $50,000 to $100,000 per fund | Accredited only (ORRIX open to all) | Penalty before hold period; IncomePlus 5+ years |
| RealtyMogul | Marketplace for outside sponsors, plus its own REITs | $25,000 to $50,000 per deal | Accredited only while REITs are paused | Hold 3 to 7 years; REIT repurchases suspended |
| Willow Wealth | Multi-asset platform: real estate, private credit, private equity | Typically $5,000 | Varies by offering | To maturity; evergreen funds quarterly |
- Type
- Marketplace for outside sponsors and fund managers
- Minimum
- Typically $5,000
- Who can invest
- Accredited only
- Getting money out
- Varies; some quarterly, some none
- Type
- Curated commercial real estate deals and short-term notes
- Minimum
- $25,000 ($5,000 Alpine Notes)
- Who can invest
- Accredited only
- Getting money out
- Hold to exit; notes 3 to 9 months
- Type
- Manager of its own multifamily funds (not a marketplace)
- Minimum
- $50,000 to $100,000 per fund
- Who can invest
- Accredited only (ORRIX open to all)
- Getting money out
- Penalty before hold period; IncomePlus 5+ years
- Type
- Marketplace for outside sponsors, plus its own REITs
- Minimum
- $25,000 to $50,000 per deal
- Who can invest
- Accredited only while REITs are paused
- Getting money out
- Hold 3 to 7 years; REIT repurchases suspended
- Type
- Multi-asset platform: real estate, private credit, private equity
- Minimum
- Typically $5,000
- Who can invest
- Varies by offering
- Getting money out
- To maturity; evergreen funds quarterly
Each platform’s own website, help center, and platform-hosted documents, read September 27, 2026. Minimums and terms vary by offering; the offering documents govern.
Platform by platform
Marketplace for outside sponsors and fund managers.
What changed: The platform now writes its name “Crowd Street” and lists private equity, private credit, venture capital, and infrastructure alongside real estate.
| Term | What CrowdStreet publishes |
|---|---|
| What you can buy | Offerings from outside sponsors and fund managers. Real estate on the public offerings page includes the Clarion Partners Real Estate Income Fund (an interval fund), the PGIM Real Estate Fund, and the Nuveen Global Cities REIT (a non-listed REIT). Crowd Street also lists direct-deal commercial real estate. |
| Minimum | Typically $5,000; higher for some offerings. |
| Who can invest | Accredited investors only, living in the U.S. Crowd Street verifies status (valid one year; a CPA, attorney, or adviser letter is valid 90 days). Some offerings also require qualified client or qualified purchaser status. |
| Fees | No account fees. Crowd Street’s broker-dealer charges sponsors due diligence and placement fees, and its affiliates charge sponsors technology fees; sponsors may pass these on to investors. On registered funds, Crowd Street earns sales loads taken from your investment at purchase plus ongoing servicing fees paid by the fund. Each fund’s own management and performance fees are in its documents. |
| Getting money out | Varies by offering. Some are fully illiquid until the sponsor ends the investment; others allow limited redemptions capped by amount or cadence (Crowd Street’s examples: 25%, or quarterly or annually), sometimes at the sponsor’s discretion. |
| Structure | CrowdStreet Capital LLC is a FINRA-registered broker-dealer. Crowd Street doesn’t manage the offerings and doesn’t take custody of investors’ assets; registered-fund purchases go through each fund’s transfer agent. |
| Returns published | Not published |
What you can buy
- What CrowdStreet publishes
- Offerings from outside sponsors and fund managers. Real estate on the public offerings page includes the Clarion Partners Real Estate Income Fund (an interval fund), the PGIM Real Estate Fund, and the Nuveen Global Cities REIT (a non-listed REIT). Crowd Street also lists direct-deal commercial real estate.
Minimum
- What CrowdStreet publishes
- Typically $5,000; higher for some offerings.
Who can invest
- What CrowdStreet publishes
- Accredited investors only, living in the U.S. Crowd Street verifies status (valid one year; a CPA, attorney, or adviser letter is valid 90 days). Some offerings also require qualified client or qualified purchaser status.
Fees
- What CrowdStreet publishes
- No account fees. Crowd Street’s broker-dealer charges sponsors due diligence and placement fees, and its affiliates charge sponsors technology fees; sponsors may pass these on to investors. On registered funds, Crowd Street earns sales loads taken from your investment at purchase plus ongoing servicing fees paid by the fund. Each fund’s own management and performance fees are in its documents.
Getting money out
- What CrowdStreet publishes
- Varies by offering. Some are fully illiquid until the sponsor ends the investment; others allow limited redemptions capped by amount or cadence (Crowd Street’s examples: 25%, or quarterly or annually), sometimes at the sponsor’s discretion.
Structure
- What CrowdStreet publishes
- CrowdStreet Capital LLC is a FINRA-registered broker-dealer. Crowd Street doesn’t manage the offerings and doesn’t take custody of investors’ assets; registered-fund purchases go through each fund’s transfer agent.
Returns published
- What CrowdStreet publishes
- Not published
- •Founded in 2013; more than $4 billion invested through the platform as of June 30, 2026
- •IRA investing through an Equity Trust integration, subject to each sponsor’s limits
Best for: Accredited investors who want to choose their own real estate funds and deals, starting around $5,000 each. CrowdStreet’s site
Curated commercial real estate deals and short-term notes.
What changed: Since August 1, 2026, Larson Capital Management runs the platform under a license from Equity Multiple, Inc., and most new offerings are sponsored and managed by Larson itself. Existing investments stay with EquityMultiple’s asset management arm, EM Investment Partners, on unchanged terms.
| Term | What EquityMultiple publishes |
|---|---|
| What you can buy | Commercial real estate offerings structured as common equity, preferred equity, or debt, plus funds. Alpine Notes are short-term notes with 3-, 6-, and 9-month terms; EquityMultiple says the money bridges funding into its real estate offerings and that it buys a small first-loss portion of each series. |
| Minimum | $25,000 per offering as the standard minimum; $5,000 for Alpine Notes. |
| Who can invest | Accredited investors only, including for Alpine Notes. You self-certify at sign-up and re-confirm each time you invest; EquityMultiple says documents usually aren’t required. |
| Fees | EquityMultiple says it charges no fees on Alpine Notes. For other offerings, fees are set by each offering’s documents and aren’t listed on the public site. |
| Getting money out | You buy restricted securities with no secondary market and should expect to hold until maturity or a sale; EquityMultiple’s disclosures say not to invest if you can’t hold for at least 5 to 7 years. Alpine Notes repay at maturity, and new series allow early redemption after 30 days to move into another EquityMultiple offering. |
| Structure | You buy an interest in a managed LLC, a project payment dependent note, or a sponsor-controlled special purpose vehicle; payments depend on distributions from the underlying project. EquityMultiple states it is not a registered broker-dealer. |
| Returns published | Not published |
What you can buy
- What EquityMultiple publishes
- Commercial real estate offerings structured as common equity, preferred equity, or debt, plus funds. Alpine Notes are short-term notes with 3-, 6-, and 9-month terms; EquityMultiple says the money bridges funding into its real estate offerings and that it buys a small first-loss portion of each series.
Minimum
- What EquityMultiple publishes
- $25,000 per offering as the standard minimum; $5,000 for Alpine Notes.
Who can invest
- What EquityMultiple publishes
- Accredited investors only, including for Alpine Notes. You self-certify at sign-up and re-confirm each time you invest; EquityMultiple says documents usually aren’t required.
Fees
- What EquityMultiple publishes
- EquityMultiple says it charges no fees on Alpine Notes. For other offerings, fees are set by each offering’s documents and aren’t listed on the public site.
Getting money out
- What EquityMultiple publishes
- You buy restricted securities with no secondary market and should expect to hold until maturity or a sale; EquityMultiple’s disclosures say not to invest if you can’t hold for at least 5 to 7 years. Alpine Notes repay at maturity, and new series allow early redemption after 30 days to move into another EquityMultiple offering.
Structure
- What EquityMultiple publishes
- You buy an interest in a managed LLC, a project payment dependent note, or a sponsor-controlled special purpose vehicle; payments depend on distributions from the underlying project. EquityMultiple states it is not a registered broker-dealer.
Returns published
- What EquityMultiple publishes
- Not published
- •Distributions are typically quarterly; equity investments typically pay about 60 days after quarter end, debt and preferred equity within 45 days
- •Tax forms: a K-1 for equity; a 1099 or K-1 for debt and preferred equity
- •The historical track record is shown only after you create an account
Best for: Accredited investors comfortable with new deals from a single sponsor, or who want a 3- to 9-month note at $5,000. EquityMultiple’s site
Manager of its own multifamily funds (not a marketplace).
| Term | What Origin Investments publishes |
|---|---|
| What you can buy | Multifamily-focused. The IncomePlus Fund (income and growth), individual deals (sidecar co-investments and single-property syndications), Delaware Statutory Trusts for 1031 exchanges through Origin Exchange, and Qualified Opportunity Zone funds. Its affiliate Origin Credit Advisers runs the Origin Real Estate Credit Fund (ticker ORRIX), which lends against multifamily properties. |
| Minimum | $50,000 to $100,000 per fund depending on the offering; the IncomePlus Fund is $100,000. Sidecar co-investments are typically $100,000 and DSTs $250,000. ORRIX (Class I) is $5,000. |
| Who can invest | Accredited investors only for Origin’s funds, verified under SEC Rule 506(c) with a letter from a CPA, attorney, or adviser (or through verifyinvestor.com). ORRIX has no accreditation requirement. |
| Fees | IncomePlus Fund, Class INV: 1.25% management fee, 10% performance allocation, and 0.5% acquisition fee, as listed on the fund page. Origin Exchange DSTs: no acquisition fee, disposition fee, or sales commission, but an upfront organizational and offering fee and an annual asset management fee (amounts not published). ORRIX: 1.25% of NAV management fee plus a performance fee; gross expense ratio 4.67%, adjusted 2.57% (fact sheet, August 2026). |
| Getting money out | Origin’s funds are generally illiquid. Selling or transferring an interest needs the manager’s consent, and every fund charges a penalty for withdrawing before the hold period in its private placement memorandum. The IncomePlus Fund lists a 5+ year hold. ORRIX makes quarterly repurchase offers for a limited number of shares. |
| Structure | Origin sponsors and manages its own funds, which are private placements that issue K-1s. ORRIX is a registered closed-end interval fund managed by Origin Credit Advisers, an SEC-registered adviser, and issues 1099-DIVs. |
| Returns published | IncomePlus Fund, INV share class, net of fund fees, as of July 31, 2026: 6.1% trailing one-year, 5.9% trailing three-year, 7.8% trailing five-year. Origin notes that returns are not guaranteed and past performance is no guarantee of future results. |
What you can buy
- What Origin Investments publishes
- Multifamily-focused. The IncomePlus Fund (income and growth), individual deals (sidecar co-investments and single-property syndications), Delaware Statutory Trusts for 1031 exchanges through Origin Exchange, and Qualified Opportunity Zone funds. Its affiliate Origin Credit Advisers runs the Origin Real Estate Credit Fund (ticker ORRIX), which lends against multifamily properties.
Minimum
- What Origin Investments publishes
- $50,000 to $100,000 per fund depending on the offering; the IncomePlus Fund is $100,000. Sidecar co-investments are typically $100,000 and DSTs $250,000. ORRIX (Class I) is $5,000.
Who can invest
- What Origin Investments publishes
- Accredited investors only for Origin’s funds, verified under SEC Rule 506(c) with a letter from a CPA, attorney, or adviser (or through verifyinvestor.com). ORRIX has no accreditation requirement.
Fees
- What Origin Investments publishes
- IncomePlus Fund, Class INV: 1.25% management fee, 10% performance allocation, and 0.5% acquisition fee, as listed on the fund page. Origin Exchange DSTs: no acquisition fee, disposition fee, or sales commission, but an upfront organizational and offering fee and an annual asset management fee (amounts not published). ORRIX: 1.25% of NAV management fee plus a performance fee; gross expense ratio 4.67%, adjusted 2.57% (fact sheet, August 2026).
Getting money out
- What Origin Investments publishes
- Origin’s funds are generally illiquid. Selling or transferring an interest needs the manager’s consent, and every fund charges a penalty for withdrawing before the hold period in its private placement memorandum. The IncomePlus Fund lists a 5+ year hold. ORRIX makes quarterly repurchase offers for a limited number of shares.
Structure
- What Origin Investments publishes
- Origin sponsors and manages its own funds, which are private placements that issue K-1s. ORRIX is a registered closed-end interval fund managed by Origin Credit Advisers, an SEC-registered adviser, and issues 1099-DIVs.
Returns published
- What Origin Investments publishes
- IncomePlus Fund, INV share class, net of fund fees, as of July 31, 2026: 6.1% trailing one-year, 5.9% trailing three-year, 7.8% trailing five-year. Origin notes that returns are not guaranteed and past performance is no guarantee of future results.
- •Origin says its co-CEOs have invested more than $94 million of their own money alongside investors since the firm was founded in 2007
- •The IncomePlus Fund is IRA-eligible and distributes monthly, per its fund page; distributions aren’t guaranteed
Best for: Accredited investors who want one hands-off multifamily fund from a single manager and can commit $100,000. Origin Investments’s site
Marketplace for outside sponsors, plus its own REITs.
What changed: Both RealtyMogul REITs are paused for new investors while their offering circulars are refreshed, and their share repurchase programs have been suspended since April 21, 2026. RealtyMogul says it was recently acquired by a group of real estate operators led by the Wideman Company.
| Term | What RealtyMogul publishes |
|---|---|
| What you can buy | Individual commercial real estate deals from outside sponsors, 1031 exchange properties, private credit notes tied to commercial real estate loans, and two non-traded REITs (the Income REIT and the Apartment Growth REIT). On September 27, 2026, its marketplace showed two waitlisted deals and one marked Coming Soon. |
| Minimum | Individual deals: typically $25,000 to $50,000; the deals listed on September 27, 2026 were $35,000 and $50,000. REITs: $5,000 when open. |
| Who can invest | Individual deals are for accredited investors only, verified under SEC Rule 506(c). The REITs are Regulation A offerings open to non-accredited investors, but both are closed to new investors for now. |
| Fees | Joining is free. Each sponsor sets its deal’s fees, which appear in the offering documents, and pays RealtyMogul a platform fee. The REITs publish an annual asset management fee on equity value at NAV (1% for the Income REIT, 1.25% for the Apartment Growth REIT), organization and offering costs of up to 3% of gross proceeds, and a 0.5% servicing fee on loans and preferred equity. |
| Getting money out | Individual deals are illiquid until the property is sold or recapitalized; RealtyMogul lists typical horizons of 3 to 7 years. REIT repurchases are suspended. Private credit notes can’t be repaid early; maturities are generally under 24 months. |
| Structure | Individual deals are usually an interest in an LLC. The REITs are managed by RM Adviser, LLC, an SEC-registered adviser, under boards with a majority of independent directors. Private credit notes are unsecured debt of a special purpose entity sponsored by RealtyMogul’s RM Notes subsidiary. |
| Returns published | Not published |
What you can buy
- What RealtyMogul publishes
- Individual commercial real estate deals from outside sponsors, 1031 exchange properties, private credit notes tied to commercial real estate loans, and two non-traded REITs (the Income REIT and the Apartment Growth REIT). On September 27, 2026, its marketplace showed two waitlisted deals and one marked Coming Soon.
Minimum
- What RealtyMogul publishes
- Individual deals: typically $25,000 to $50,000; the deals listed on September 27, 2026 were $35,000 and $50,000. REITs: $5,000 when open.
Who can invest
- What RealtyMogul publishes
- Individual deals are for accredited investors only, verified under SEC Rule 506(c). The REITs are Regulation A offerings open to non-accredited investors, but both are closed to new investors for now.
Fees
- What RealtyMogul publishes
- Joining is free. Each sponsor sets its deal’s fees, which appear in the offering documents, and pays RealtyMogul a platform fee. The REITs publish an annual asset management fee on equity value at NAV (1% for the Income REIT, 1.25% for the Apartment Growth REIT), organization and offering costs of up to 3% of gross proceeds, and a 0.5% servicing fee on loans and preferred equity.
Getting money out
- What RealtyMogul publishes
- Individual deals are illiquid until the property is sold or recapitalized; RealtyMogul lists typical horizons of 3 to 7 years. REIT repurchases are suspended. Private credit notes can’t be repaid early; maturities are generally under 24 months.
Structure
- What RealtyMogul publishes
- Individual deals are usually an interest in an LLC. The REITs are managed by RM Adviser, LLC, an SEC-registered adviser, under boards with a majority of independent directors. Private credit notes are unsecured debt of a special purpose entity sponsored by RealtyMogul’s RM Notes subsidiary.
Returns published
- What RealtyMogul publishes
- Not published
- •Deals typically have no mandatory capital calls, per RealtyMogul’s FAQ; if a sponsor asks for more money and you decline, you may be diluted
- •Some deals are IRA-eligible or 1031-eligible
Best for: Accredited investors who want a single-property deal or a 1031 replacement property. RealtyMogul’s site
(formerly Yieldstreet)
Multi-asset platform: real estate, private credit, private equity.
What changed: The Yieldstreet Alternative Income Fund was reorganized into the Opportunistic Credit Interval Fund (SOFIX), managed by Mount Logan, on August 24, 2026, and no longer appears in Willow accounts.
| Term | What Willow Wealth publishes |
|---|---|
| What you can buy | Real estate through evergreen funds (the Goldman Sachs Real Estate Diversified Income Fund and the Clarion Partners Real Estate Income Fund), private funds, and individual deals, alongside private credit, private equity, art, and legal finance. Also Willow 360 managed portfolios and Short Term Notes. |
| Minimum | Typically $5,000 for a first investment, then $1,000 increments. Each evergreen fund is $5,000. Willow 360 is $25,000. Short Term Notes are $10,000, or $5,000 as a first investment. |
| Who can invest | Willow says some investments require accreditation. Willow 360 and Short Term Notes are accredited-only; its public pages don’t say which offerings are open to non-accredited investors. |
| Fees | Vary by offering and appear on each offering page: an annual management fee on offerings Willow manages, an annual access fee on some (Willow says new offerings are expected to drop it), and a one-time commitment fee taken from your investment. Evergreen funds carry the manager’s own expenses plus a one-time commitment fee (a sales load). |
| Getting money out | Most investments can’t be exited before maturity; terms run from 3 months to more than 5 years. Evergreen funds make quarterly repurchase offers you can join after 90 days, but the amount is limited (Willow’s example: 5% of shares a quarter) and shared pro rata. Willow 360 allows partial quarterly withdrawals after one year. |
| Structure | Individual deals are special purpose vehicles, with Willow as managing member, or borrower payment dependent notes. Willow Wealth Markets LLC is a FINRA-registered broker-dealer and Willow Asset Management LLC is an SEC-registered adviser. Evergreen fund shares are held at Pershing through Atomic Brokerage. |
| Returns published | Not published |
What you can buy
- What Willow Wealth publishes
- Real estate through evergreen funds (the Goldman Sachs Real Estate Diversified Income Fund and the Clarion Partners Real Estate Income Fund), private funds, and individual deals, alongside private credit, private equity, art, and legal finance. Also Willow 360 managed portfolios and Short Term Notes.
Minimum
- What Willow Wealth publishes
- Typically $5,000 for a first investment, then $1,000 increments. Each evergreen fund is $5,000. Willow 360 is $25,000. Short Term Notes are $10,000, or $5,000 as a first investment.
Who can invest
- What Willow Wealth publishes
- Willow says some investments require accreditation. Willow 360 and Short Term Notes are accredited-only; its public pages don’t say which offerings are open to non-accredited investors.
Fees
- What Willow Wealth publishes
- Vary by offering and appear on each offering page: an annual management fee on offerings Willow manages, an annual access fee on some (Willow says new offerings are expected to drop it), and a one-time commitment fee taken from your investment. Evergreen funds carry the manager’s own expenses plus a one-time commitment fee (a sales load).
Getting money out
- What Willow Wealth publishes
- Most investments can’t be exited before maturity; terms run from 3 months to more than 5 years. Evergreen funds make quarterly repurchase offers you can join after 90 days, but the amount is limited (Willow’s example: 5% of shares a quarter) and shared pro rata. Willow 360 allows partial quarterly withdrawals after one year.
Structure
- What Willow Wealth publishes
- Individual deals are special purpose vehicles, with Willow as managing member, or borrower payment dependent notes. Willow Wealth Markets LLC is a FINRA-registered broker-dealer and Willow Asset Management LLC is an SEC-registered adviser. Evergreen fund shares are held at Pershing through Atomic Brokerage.
Returns published
- What Willow Wealth publishes
- Not published
- •Founded in 2015; $6.9 billion+ invested on the platform as of May 31, 2026, including Cadre, which Willow acquired in 2024
- •Evergreen funds are open only to individual taxable accounts, not IRAs, trusts, or entities
- •K-1s from third-party funds are typically published in September, so investors often file a tax extension
Best for: Accredited investors who want real estate funds next to private credit and private equity in one account, from $5,000. Willow Wealth’s site
Which one, for whom
- •You want to choose individual funds and deals at about $5,000 each: CrowdStreet or Willow Wealth. Both list the Clarion Partners Real Estate Income Fund; CrowdStreet also lists PGIM and Nuveen real estate funds, and Willow a Goldman Sachs real estate fund.
- •You want one manager to handle it and can commit $100,000: Origin’s IncomePlus Fund, a multifamily fund. It lists a hold of 5 years or more and charges a penalty for leaving early.
- •You’re selling a rental and want to defer the gain with a 1031 exchange: RealtyMogul lists 1031 exchange properties, and Origin Exchange offers Delaware Statutory Trusts at $250,000.
- •You have cash to park for 3 to 9 months: EquityMultiple’s Alpine Notes ($5,000) or Willow Wealth’s Short Term Notes ($10,000, or $5,000 as a first investment), both for accredited investors. Neither is a bank deposit or FDIC insured; compare them with a high-yield savings account.
- •You’re a resident or not yet accredited: RealtyMogul’s REITs are closed to new investors for now. Origin’s affiliate fund ORRIX is open at $5,000 with no accreditation test, but it is a credit fund with a 4.67% gross expense ratio (2.57% adjusted, Class I) and limited quarterly liquidity. A publicly traded REIT fund in your brokerage account or IRA is the simpler route.
- •You already invest through EquityMultiple: nothing to sign. Your investments stay with EM Investment Partners on the same terms; most new deals on the platform are Larson’s own, so read each one’s documents as you would a new sponsor’s.
Before you invest
- 1.Read the offering documents, not the marketing page. Fees, liquidity terms, and who controls the investment are set there, and several platforms here don’t publish fees anywhere else.
- 2.Use money you won’t need for years. Quarterly repurchase windows are capped and can be suspended; RealtyMogul’s REITs suspended theirs on April 21, 2026.
- 3.Plan for late tax forms. K-1s can arrive after April 15 (Willow Wealth says September for third-party funds), which can mean filing an extension. Our real estate tax guide explains how passive losses work.
- 4.Weighing a rental you’d own instead? Run cap rate, cash flow, and depreciation in our real estate investment calculator.
Frequently asked questions
Can I invest on these platforms if I’m not an accredited investor?
Mostly no, as of September 27, 2026. CrowdStreet, EquityMultiple, and Origin’s own funds are for accredited investors only. RealtyMogul’s two REITs accept non-accredited investors, but both are paused for new investors. Willow Wealth says some of its investments require accreditation but doesn’t list which ones don’t. The one open option we found is the Origin Real Estate Credit Fund (ORRIX) from Origin’s affiliate Origin Credit Advisers: a $5,000 minimum and no accreditation requirement. It lends against apartment buildings rather than owning them.
What counts as an accredited investor?
For an individual, the platforms list the SEC’s tests: income over $200,000 (or $300,000 with a spouse or partner) in each of the last two years, with the same expected this year; net worth over $1 million, not counting your home; or an active Series 7, 65, or 82 license. Because the income test looks back two years, a first-year attending usually doesn’t qualify on income yet. Checks differ: CrowdStreet, Origin, and RealtyMogul’s individual deals require verification, while EquityMultiple accepts self-certification.
How long will my money be tied up?
Usually for years. EquityMultiple’s equity and debt deals and RealtyMogul’s individual deals are held until the property is sold or the loan is repaid; RealtyMogul lists typical horizons of 3 to 7 years. Origin’s IncomePlus Fund lists a hold of 5 years or more and charges a penalty for leaving early. The shortest options are EquityMultiple’s Alpine Notes (3, 6, or 9 months) and Willow Wealth’s Short Term Notes. Willow Wealth’s evergreen funds make quarterly repurchase offers, but each quarter’s amount is capped and shared pro rata, and some CrowdStreet offerings allow limited periodic redemptions.
What fees do these platforms charge?
Most fees sit inside the investment rather than on a bill. CrowdStreet and RealtyMogul charge no account fee but collect fees from sponsors, which sponsors may pass on; CrowdStreet also earns sales loads on registered funds. Willow Wealth charges management, access, or one-time commitment fees depending on the offering. EquityMultiple charges nothing on Alpine Notes; other deals’ fees are in their documents. Origin lists a 1.25% management fee, a 10% performance allocation, and a 0.5% acquisition fee for its IncomePlus Fund (Class INV). Always read the fee section of the offering documents.
How are these investments taxed?
Equity deals and private funds usually send a Schedule K-1, which can come late; Willow Wealth says K-1s from third-party funds typically post in September, so many investors file an extension. Debt investments usually send a 1099: RealtyMogul’s private credit notes issue a 1099-INT and ORRIX a 1099-DIV. Depreciation passed through on a K-1 can offset distributions, but the passive activity rules limit how much it helps a W-2 physician. Our guide to rental real estate tax rules for physicians covers passive losses and real estate professional status.
What changed at EquityMultiple?
Since August 1, 2026, Larson Capital Management has run the EquityMultiple platform under a license from Equity Multiple, Inc. Most new offerings are now sponsored and managed by Larson itself, the standard minimum is $25,000, and Alpine Notes continue at $5,000. Existing investments were not transferred: EM Investment Partners still manages them on the same terms, and existing investors have nothing to sign.
How is this different from a REIT fund in my brokerage account?
A publicly traded REIT fund can be sold on any trading day, has no accreditation test, and can be held in any brokerage account or IRA. The offerings on these platforms generally can’t be sold before they end, or only in limited repurchase windows that a fund can shrink or suspend, as RealtyMogul’s REITs did in April 2026. In exchange you get access to private deals and funds that aren’t listed on an exchange.
Sources
- •Crowd Street: FAQs (read September 27, 2026)
- •Crowd Street: investment offerings (read September 27, 2026)
- •Crowd Street: how it works (read September 27, 2026)
- •EquityMultiple: FAQ, including the Larson changes (read September 27, 2026)
- •EquityMultiple: Alpine Note (read September 27, 2026)
- •EquityMultiple: homepage disclosures (read September 27, 2026)
- •Origin: IncomePlus Fund (read September 27, 2026)
- •Origin: FAQ (read September 27, 2026)
- •Origin: individual deals (read September 27, 2026)
- •Origin: Origin Exchange (1031 DSTs) (read September 27, 2026)
- •Origin Credit Advisers: Origin Real Estate Credit Fund (read September 27, 2026)
- •Origin Credit Advisers: ORRIX fact sheet (August 2026) (read September 27, 2026)
- •RealtyMogul: FAQs (read September 27, 2026)
- •RealtyMogul: investment options (read September 27, 2026)
- •RealtyMogul: investment opportunities (read September 27, 2026)
- •RealtyMogul: Income REIT (read September 27, 2026)
- •RealtyMogul: Apartment Growth REIT (read September 27, 2026)
- •RealtyMogul: private credit investments (read September 27, 2026)
- •Willow Wealth: real estate investing (read September 27, 2026)
- •Willow Wealth: direct investing (evergreen fund minimums) (read September 27, 2026)
- •Willow Wealth: Short Term Notes (read September 27, 2026)
- •Willow Wealth: about (read September 27, 2026)
- •Willow Wealth help: minimum investment (read September 27, 2026)
- •Willow Wealth help: fees (read September 27, 2026)
- •Willow Wealth help: one-time commitment fee (read September 27, 2026)
- •Willow Wealth help: evergreen fund fees (read September 27, 2026)
- •Willow Wealth help: selling evergreen fund shares (read September 27, 2026)
- •Willow Wealth help: redeeming during the term (read September 27, 2026)
- •Willow Wealth help: investment structures (read September 27, 2026)
- •Willow Wealth help: Willow 360 eligibility (read September 27, 2026)
- •Willow Wealth help: Willow 360 liquidity (read September 27, 2026)
- •Willow Wealth help: evergreen fund custodian (read September 27, 2026)
- •Willow Wealth help: evergreen fund account types (read September 27, 2026)
- •Willow Wealth help: SOFIX reorganization (read September 27, 2026)
- •Willow Wealth help: K-1 timing (read September 27, 2026)
Every page above is the platform’s own website, help center, or a document it hosts. Returns appear only where a platform publishes them with a date, quoted with its caveat. Platform logos are from each platform’s own website.
This page is for educational purposes and is not investment, tax, or legal advice. Terms are each platform’s published terms as of September 27, 2026 and change often; each offering’s documents govern. Private real estate investments can lose some or all of the money invested. MedMoneyGuide has no affiliate or advertising relationship with any platform on this page, and links go directly to each platform’s site. See our advertising disclosure.
About the Author
Joshua Dunigan, DO | Family Medicine Resident & Founder
I'm a family medicine resident physician at Broadlawns Medical Center in Des Moines, Iowa (class of 2027). I founded MedMoneyGuide to give physicians specialty-specific financial guidance, with sources you can check.