*This is a guest post from Maryland buyer’s agent, Dana Hollish Hill. This morning, Dana was our first-ever investor in a public offering from MD.*
If you read my blog regularly, you may have read a post I wrote in May 2013 titled Maryland Residents Excluded From Real Estate Investment Opportunities.
I was especially upset that DC and Virginia residents were able to participate in Fundrise public offerings, 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 public investment opportunity would open on March 26, 2014 to residents of DC, Virginia AND Maryland! I read all the offering information, marked my calendar and waited. I’m happy to say that my efforts were fruitful.
It turned out 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 are now included in public 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 (see above).
If you are interested in learning more about the real estate investment opportunities available to DC, Virginia, and Maryland residents, check out Fundrise to see the latest news. The project that went live today has already raised $128,000 from 150 investors.