First National Realty Partners Review 2024
There are a lot of ways to invest money, but if you’re you an experienced investor looking for ways to diversify your portfolio with commercial real estate? Then First National Realty Partners, an online real estate investing platform, may be a good choice for you.
The company allows users to invest in grocery-anchored shopping centers, as well as premium multifamily housing and strategically-located industrial centers, which have the potential to provide a healthy return on your investment.
Continue reading to find out more of what First National Realty Partners has to offer.
First National Realty At-a-Glance
Who can invest: Only qualified investors can open an account.
Investment minimum: There is a minimum investment of $50,000.
Customer service: Investment specialists can be reached Monday through Friday from 9 to 5 Eastern Time.
Fees: An asset management fee of .5% to 1.5% is charged, as well as property management, acquisition, and disposition fees.
Overall Impression
If you’re an accredited investor, First National Realty could be a good choice to help you diversify your portfolio. The company gives investors tools to make the best decisions, thanks to its in-depth webinars about each available property, as well as educational materials for customers to learn best practices about commercial real estate investing.
If you’re a beginning investor, or someone who doesn’t have the net worth and income level to be qualified as accredited, you will miss out on the deals First National Realty offers.
Pros and Cons
Although an online real estate investing platform may seem attractive, there are still going to be some downsides. To give you a balanced look at First National Realty, we have put together the following pros and cons so you can see both the negative and positive sides of investing with the company.
Pros
The following are some benefits of investing with First National Realty:
Only top deals are offered
First National Realty thoroughly vets the deals it offers customers, so they have access to the top 0.1% of what’s out there. In order to do this, the company evaluates thousands of properties to choose only the best of the best.
Consistent cash flow
Distributions are made on a quarterly basis, so even though you can’t predict how much money you’ll actually make from your deals every quarter, you can rest assured that you’ll have a consistent flow of money coming in.
Webinars describing deals
When you’re interested in a deal, First National Realty allows you to find out more information through a live webinar. Each webinar has a Q&A session, so if the presentation doesn’t provide the answers you need, you can still find out everything you want to know about a deal.
Access to educational content
Information is power, and as an investor you can never have too much of it. First National Realty offers webinars, blogs, and podcasts designed to educate members about the best practices of commercial real estate investing so they’re able to make smart choices.
Access to investment data
You are able to keep track of your investments through First National Realty’s portal that gives you access to monthly leasing updates and quarterly investment reports. Also, the portal stores tax documents.
Cons
First National Realty may sound good so far, but take a look at the following negatives about the company before you make a decision.
Must be an accredited investor to open an account
In order to open an account at First National Realty, you have to be an accredited investor. This means you should have a net worth of at least $1 million or consistently make at least $200,000 a year.
High amount needed to open an account
When you start your account, you have to make a deposit of $50,000, which may be more than some potential investors are willing or able to spend.
High amount required to invest in a deal
If you find a deal that’s interesting to you on the platform, you cannot invest any less than $50,000.
Compare to Other Real Estate Investment Platforms
You may be leaning toward First National Realty right now, but it’s a good idea to look at what other real estate investment platforms are out there.
Below we’ve done a comparison to give you an idea of what other companies have to offer.
Crowdstreet
Crowdstreet is an online real estate investment trust (REIT) for investors to put their money into properties from around the country.
As with First National Realty, Crowdstreet requires that investors become accredited in order to open an account. Also, the company similarly offers educational tools, such as webinars and articles, to help people learn more about real estate investing so they will be more successful.
Unlike First National Realty, Crowdstreet requires a lower minimum investment amount.
While First National Realty users can only invest $50,000 or more, Crowdstreet’s minimum is $25,000 to invest in a property.
DiversyFund
DiversyFund is an online real estate investment platform that specializes in multi-family properties.
The company is different from DiversyFund in the minimum amount you’re allowed to invest. DiversyFund’s minimum investment is only $500 — much lower than First National Realty’s $50,000 minimum.
Also, DiversyFund does not require investors to be accredited as First National Realty does. However, DiversyFund is similar to First National Realty in that the company doesn’t charge a fee to join the platform.
RealtyMogul
Those interested in investing commercial properties can use RealtyMogul, much like First National Realty. Both companies thoroughly vet the investments they offer, so people can invest with confidence that they have access to the best deals on the market.
RealtyMogul differs from like First National Realty in that it allows both accredited and non-accredited investors to sign up for their service.
Also, RealtyMogul has a minimum investment of $5,000, unlike First National Realty’s $50,000 minimum.
Yieldstreet
Yieldstreet is an online investment platform that is an attractive choice for those who want a customized portfolio that includes real estate.
Like First National Realty, Yieldstreet only allows accredited investors to register for its service. Also, Yieldstreet collects management fees from customers and offers an array of educational resources, like First National Realty does.
However, while First National Realty has a high minimum investment amount, Yieldstreet customers can invest with $5,000.
Find the Best Investment Platform
Still not sure First National Realty is for you? Use our search tool to find a REIT or other investment platform, compare minimum deposits, rates, and more.
How First National Realty Works
If you’re interested in starting an account, you first need to document that you’re an accredited investor before you’re able to sign up.
Then, you can open an account by filling out your basic information and providing answers to a questionnaire.
From there, you can browse through the investment opportunities that are available and attend the webinar to find out more information about each property.
Each investment needs to be a minimum of $50,000.
Who Is First National Realty For?
First National Realty is for accredited investors who want to invest in commercial real estate, such as grocery-anchored shopping centers.
This is the perfect choice for people looking for quality institutional opportunities to help them diversify their portfolios.
Rating the Features
Not every investment opportunity will be right for you, so it’s important to find out as much information as you can before signing up with any real estate investment platform. Here is some valuable information about First National Realty Partners that you should know.
User Experience
Creating a First National Realty Partners account is simple. First you will be asked to provide your email address. Then you’ll be required to answer a questionnaire and provide basic information about yourself.
Fees
First National Realty Partners does not charge users to join the platform, however, there is an asset management fee of between .5% to 1.5%.
In addition, you can expect to be charged various fees depending on the property you invest in. The following are the fees the company charges:
- Property management fees that go toward maintenance
- Acquisition fees when a property is acquired
- Disposition fees that are assessed when properties are sold
Specific fees that are charged for each property are included in the listing, so be sure to review the information thoroughly so you know what you’re expected to pay.
Rates
Although First National Realty Partners strives to provide average returns on each investment, rates of return can vary wildly from one property to the next.
While some investments may command very impressive returns, others have actually underperformed.
Minimum Deposit
When you open an account at First National Realty Partners, you are required to make a $50,000 deposit. Also, whenever you invest in a deal, you must invest at least $50,000 on each one.
Customer Support
Customers who need help can speak to investment specialists on the phone from 9 to 5 Eastern Time, Monday through Friday.
In addition, the company offers regular webinars to help customers learn about specific properties.
Whenever they find an investment they’re interested in, customers can attend a 20- to 30-minute live webinar hosted by investment experts that provides information about the property, including anticipated annual income, cash distributions, and rate of return.
Then, people are able to ask questions to ensure they make an informed decision about the investment.
How to Get Started
Before you can sign up for an account, you need to be defined as an accredited investor. This means you have a net worth of at least $1,000,000, not including the value of your primary residence.
Alternatively, you may be considered a qualified investor if you’ve made at least $200,000 a year for the last two years. If you’re married, you should have a combined income of $300,000 a year to qualify.
Either way, you must have an expectation that you’re going to make the same amount of money every year.
Once you have qualified, you will provide your contact information and be asked to fill out a questionnaire with basic information about yourself.
Frequently Asked Questions
You can provide funds for your First National Realty investment through check or wire transfer.
First National Realty pays distributions every quarter.
First National Realty has a portal that allows you to track investments and review tax forms and key reports. You will be able to receive monthly leasing updates and quarterly reports through the portal.