{"data":{"type":"company_profile","id":137818,"entity_id":"wefunder:company:137818","attributes":{"canonical_url":"https://wefunder.com/elevate.money","generated_at":"2026-06-14T15:11:02Z","updated_at":"2026-06-14T05:03:24Z","entity_ids":{"company":"wefunder:company:137818","slug":"wefunder:company_slug:elevate.money"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-14T15:11:02Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-14T05:03:24Z","as_of":"2026-06-14T15:11:02Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-14T05:03:24Z","as_of":"2026-06-14T15:11:02Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-05-29T18:36:49Z","as_of":"2026-06-14T15:11:02Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-05-29T18:36:49Z","as_of":"2026-06-14T15:11:02Z","confidence":"medium"}}},"company":{"id":137818,"entity_id":"wefunder:company:137818","slug":"elevate.money","name":"Elevate Money","tagline":"Real Estate Investing at your Fingertips","story":"Our mission is to democratize real estate investing and empower all investors with the ability to build a balanced portfolio and accumulate long-term wealth.\u0026nbsp;Millennials will control the majority of U.S. wealth within 10 years. They are digital natives and invest through online wealth managers (Robo-Advisors), rather than traditional \"human\" investment firms. The missing ingredient in a Millennial's balanced portfolio is private real estate. Unlike traditional wealth managers, Robo's do not offer alternative investments such as real estate. This void presents a $200B market opportunity. Disclaimer: This slide contains forward looking projections which are not guaranteed.Elevate Money's 2027 forecast shows 90k customers, $680M in Assets under Management (AUM), $23M in revenue, and $7M in EBITDA, all while capturing less than 1% of our SAM (Serviceable Available Market). The opportunity and upside are tremendous. Here's what we've done so far.Elevate Money launched its first fund to the public in 2022, focused on income-producing commercial properties. Since inception, this fund has declared monthly dividend payments\u0026nbsp;with an annualized yield of 6.5%.We've seen 200% user growth, and with existing customers purchasing 40% of new shares sold, the average customer account size is up 300%. The Real Estate API, our tech innovation aimed at disrupting wealth management, will enable other digital Wealthtech platforms to add our real estate funds to their offerings menu, just like traditional wealth managers. We in turn benefit by scaling distribution dramatically. Elevate Money PlatformIn less than 4 minutes, anyone can become a real estate investor. Give Elevate Money a TryCheck out Elevate Money's user experience. Visit our website elevate.money or download our app (iOS and Android). In less than 4 minutes, you'll be able to create an account and complete your investment.The Real Estate API is our first to market tech innovation that is aimed at disrupting wealth management. Traditional wealth managers still have the advantage over their digital counterparts because they have the ability to offer their customers alternative investments such as real estate. The Real Estate API levels the playing field by enabling digital wealth managers with the ability to offer real estate. The TeamIt's rarely about the idea, and mostly about the execution.Elevate Money was founded by veterans in Real Estate, Wealthtech, and Marketing. Our team is well seasoned, diverse, and has a proven track record of building brands. Harold Hofer founded one of the first-ever real estate crowdfunding platform and grew AUM to $500,000,000 before a successful exit. Alex Cruttenden was one of the first hires at his family's company Acorns, and part of the product team that designed one of the most successful fintech apps in history.Sachin Jhangiani is a Wall Street veteran and founder of a digital marketing agency who has mastered the art of messaging and communication. We've also assembled an advisory team that has proven expertise in Elevate Money's core competencies of real estate, fintech apps, and marketing. Our advisors include founders of fintech platforms Acorns, Betterment, and CREXI.Invest in Elevate Money We aren't the only real estate investing platform, but we believe there is no other platform like Elevate Money. Elevate Money is raising capital to invest in customer acquisition and product development. We've already raised over $2M in this round, but we built this platform for everyday investors and therefore decided to extend our capital raise and offer shares in Elevate Money itself to our community on the Wefunder platform. We invite you to join our team of visionaries and get in on the ground floor by investing in Elevate Money.Elevate Money Presshttps://www.benzinga.com/real-estate/23/05/32600493/the-company-that-built-elon-musks-tiny-home-is-partnering-with-this-fund-to-solve-the-affordable-houhttps://open.spotify.com/episode/7lJVv5qGgvlxIy9UUIQrK7?si=FoNRuFrnSPeiXmOW5dJfgw\u0026amp;context=spotify%3Ashow%3A66MECqGYR1OZPjCBcQp456\u0026amp;app_destination=copy-link\u0026amp;nd=1https://www.benzinga.com/money/best-real-estate-crowdfunding-platformshttps://podcasts.apple.com/us/podcast/designing-a-wealth-building-platform-for-millennial/id1539979234?i=1000577190718https://fintechly.com/technology/how-fintech-democratises-access-to-wealth-building/https://www.globalbankingandfinance.com/why-reits-should-be-a-core-piece-of-your-investing-strategy/https://www.prnewswire.com/news-releases/elevatemoney-names-former-cbre-exec-david-a-perduk-as-chief-investment-officer-301548378.html?tc=eml_cleartimehttps://www.benzinga.com/pressreleases/22/03/n26142230/former-nfl-running-back-todd-gurley-joins-elevate-money-as-investor-and-strategic-advisorhttps://www.cnbc.com/select/what-to-know-about-reits/https://www.cnbc.com/select/how-ultra-wealthy-invest-going-into-2022/https://www.businessinsider.com/personal-finance/passive-income-budget-tips-2022-1","location":"Newport Beach, CA","website":"https://www.elevate.money","total_amount_raised":197710,"total_investors":138,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/elevate.money","https://www.elevate.money"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/137818/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/137818/large_blob.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/137818/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/137818/standard_blob.jpg"},"links":{"company_url":"https://www.elevate.money","linkedin_url":"https://linkedin.com/company/elevate-money/","twitter_url":"https://twitter.com/elevatemoney_","facebook_url":"https://facebook.com/team.elevate.money/","instagram_url":"https://instagram.com/elevate.money/","youtube_url":"https://youtube.com/@teamelevatemoney","blog_url":"https://www.elevate.money/blog"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Launched “Future of Housing Fund”"},{"index":2,"claim_id":"claim-fact-2","value":"300% avg. account size growth in less than 2 years. Our performance drives additional investments."},{"index":3,"claim_id":"claim-fact-3","value":"200% YOY user growth. 22 consecutive monthly dividend payments with a 6.5% annualized yield."},{"index":4,"claim_id":"claim-fact-4","value":"$3.8M previously raised. Backed by founders of Acorns and former CBRE Chairman \u0026amp; CEO."},{"index":5,"claim_id":"claim-fact-5","value":"Designed \u0026amp; built for Millennials, who will control the majority of US wealth within 10 years."},{"index":6,"claim_id":"claim-fact-6","value":"CEO Harold Hofer founded Rich Uncles, one of the 1st real estate crowdfunding platforms. Exited '19."},{"index":7,"claim_id":"claim-fact-7","value":"Developing API with our broker-dealer to expand digital wealth management offerings to include alts"}],"team":[{"id":3681718,"entity_id":"wefunder:company_role:3681718","user_entity_id":"wefunder:user:3317361","role":"founder","name":"Harold Hofer","title":"Chief Exectutive Officer","bio":"Founded one of the first-ever Real Estate Crowdfunding platform Rich Uncles back in 2012 which grew to $500,000,000 in AUM prior to exit. A lawyer by training with 40+ years of experience in real estate and a pioneer in real estate crowdfunding.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/3681718/square_blob.jpg?1727972458","profile_url":"https://wefunder.com/haroldhofer","linkedin_url":"https://linkedin.com/in/haroldhofer/","related_urls":["https://wefunder.com/haroldhofer"]},{"id":3666144,"entity_id":"wefunder:company_role:3666144","user_entity_id":"wefunder:user:3205418","role":"founder","name":"Alex Cruttenden","title":"Chief Product Officer","bio":"One of the first employees and part of the original product team that designed Acorns, the $2.2B savings \u0026amp; investment app. Currently responsible for Elevate Money's intuitive user flow and millennial-focused design.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/3666144/square_blob.jpg?1688580034","profile_url":"https://wefunder.com/alex.cruttenden","linkedin_url":"https://linkedin.com/in/acrutt/","related_urls":["https://wefunder.com/alex.cruttenden"]},{"id":3681719,"entity_id":"wefunder:company_role:3681719","user_entity_id":"wefunder:user:3263799","role":"founder","name":"Sachin Jhangiani","title":"Chief Marketing Officer","bio":"After 2 decades, the former Bond Trader for Credit Suisse, Bank of America, and Nomura Securities left Wall Street to help level the playing field and provide all investors access to the same knowledge and opportunities as the wealthy.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/3681719/square_blob.jpg?1690817352","profile_url":"https://wefunder.com/sachinjhangiani","personal_url":"https://www.elevate.money/","linkedin_url":"https://linkedin.com/in/sachin-jhangiani-09132710/","related_urls":["https://wefunder.com/sachinjhangiani","https://www.elevate.money/"]},{"id":5318731,"entity_id":"wefunder:company_role:5318731","user_entity_id":"wefunder:user:3896673","role":"employee","name":"Dominik Tortes","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/3896673/large_50ec7fb0b27768e5bedf20230718-78-1mnobpa.jpg?1731095015","profile_url":"https://wefunder.com/dominik.tortes","related_urls":["https://wefunder.com/dominik.tortes"]}],"featured_investors":[{"id":1929,"entity_id":"wefunder:company_investor_profile:1929","investor_profile_id":4446,"investor_profile_entity_id":"wefunder:investor_profile:4446","subject_entity_id":"wefunder:notable_investor:1853","name":"Ray Wirta of Sway Ventures","bio":"Ray is a former board member of CBRE and served as chairman from 2014-2018.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzE5NjAsInB1ciI6ImJsb2JfaWQifX0=--3ac33268a15b83e3d3fd2027f4867df1bb938f9a/Screenshot%202023-10-13%20at%2012.02.00%20PM.png","profile_url":"https://wefunder.com/ray.wirta.of.sway.ventures","is_lead_investor":false,"related_urls":["https://wefunder.com/ray.wirta.of.sway.ventures"]},{"id":1930,"entity_id":"wefunder:company_investor_profile:1930","investor_profile_id":3634009,"investor_profile_entity_id":"wefunder:investor_profile:3634009","subject_entity_id":"wefunder:notable_investor:7543","name":"Walter Cruttenden","bio":"Founder Acorns, CEO Lost Star Productions, Director Binary Research Institute","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzE5NzAsInB1ciI6ImJsb2JfaWQifX0=--a98227959b2c25393a473f7b5b96ab12e53e758f/1530576166606.jpeg","profile_url":"https://wefunder.com/walter.cruttenden.1","is_lead_investor":false,"related_urls":["https://wefunder.com/walter.cruttenden.1"]},{"id":1931,"entity_id":"wefunder:company_investor_profile:1931","investor_profile_id":3634010,"investor_profile_entity_id":"wefunder:investor_profile:3634010","subject_entity_id":"wefunder:notable_investor:7544","name":"Brian Niccol","bio":"Brian Niccol is Chairman of the Board of Directors and Chief Executive Officer for Chipotle Mexican Grill.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzE5NjksInB1ciI6ImJsb2JfaWQifX0=--e8f36fcf0cbf695ae1bf7795bb8f28895bb0117c/Screenshot%202023-10-13%20at%2012.05.36%20PM.png","profile_url":"https://wefunder.com/brian.niccol","is_lead_investor":false,"related_urls":["https://wefunder.com/brian.niccol"]},{"id":1932,"entity_id":"wefunder:company_investor_profile:1932","investor_profile_id":3634011,"investor_profile_entity_id":"wefunder:investor_profile:3634011","subject_entity_id":"wefunder:notable_investor:7545","name":"Scott Boras","bio":"Scott Dean Boras is an American sports agent, specializing in baseball. He is the founder, owner and president of the Boras Corporation, a sports agency based in Newport Beach, California, that represents roughly 175 professional baseball clients.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzE5NjUsInB1ciI6ImJsb2JfaWQifX0=--ede891a6c716d339c942047e43ccb7944b08bdc2/Screenshot%202023-10-13%20at%2012.04.12%20PM.png","profile_url":"https://wefunder.com/scott.boras","is_lead_investor":false,"related_urls":["https://wefunder.com/scott.boras"]},{"id":1933,"entity_id":"wefunder:company_investor_profile:1933","investor_profile_id":3634012,"investor_profile_entity_id":"wefunder:investor_profile:3634012","subject_entity_id":"wefunder:notable_investor:7546","name":"Todd Gurley","bio":"Todd Jerome Gurley is an American former football running back who played in the National Football League for six seasons, primarily with the Los Angeles Rams.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzE5NjEsInB1ciI6ImJsb2JfaWQifX0=--9d7d2211965c03650964f7e76050bfcb233935d1/Screenshot%202023-10-13%20at%2012.03.03%20PM.png","profile_url":"https://wefunder.com/todd.gurley.2","is_lead_investor":false,"related_urls":["https://wefunder.com/todd.gurley.2"]},{"id":3472,"entity_id":"wefunder:company_investor_profile:3472","investor_profile_id":4447,"investor_profile_entity_id":"wefunder:investor_profile:4447","subject_entity_id":"wefunder:notable_investor:1683","name":"Jeff Cruttenden","bio":"Cofounder at Say and Acorns","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzE5NTcsInB1ciI6ImJsb2JfaWQifX0=--7e224b47d2d34c77e347d3ec18cb9e6c27a68c24/1517584030850.jpeg","profile_url":"https://wefunder.com/jeff.cruttenden.of.treasury","is_lead_investor":false,"related_urls":["https://wefunder.com/jeff.cruttenden.of.treasury"]},{"id":7270,"entity_id":"wefunder:company_investor_profile:7270","investor_profile_id":3379806,"investor_profile_entity_id":"wefunder:investor_profile:3379806","subject_entity_id":"wefunder:user:3917486","name":"Eric Witherall","bio":"Commercial real estate appraiser Founder/CEO of Bridgeline Valuation","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6NTc1OTgsInB1ciI6ImJsb2JfaWQifX0=--ff404efe46d61407d85a4fc71e3cac4c3799ef15/filename","profile_url":"https://wefunder.com/ericwitherall","endorsement_quote":"There is a massive housing shortage in this country which has driven up both the rental and sale price of homes. We need new supply! Boxabl has significantly reduced construction costs, however, we still need developers to get those homes out into communities in order to make an impact (and profit😉). This is what Elevate Money’s The Future of Housing Fund aims to do. They have an easy-to-use app/website with a low investment minimum, two factors that are crucial for attracting Millennial investors. Millennial investors present a massive growth opportunity in the wealthtech space. In addition to investing in the company, I also invested in both of their real estate funds. They have an income focused fund and a growth focused fund. Their platform is transparent, which I very much appreciate as a real estate investor.","investment_total":10000,"investment_info":"Invested $10,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/ericwitherall"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":28,"featured_investors":7,"faq_entries":5},"active_fundraises":[{"id":89185,"entity_id":"wefunder:fundraise:89185","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":500,"max_purchase":9,"funding_target":150000.0,"minimum_target":"150000.0","maximum_target":"1235000.0","funding_started_at":"2023-12-08T21:43:17Z","funding_closed_at":"2024-04-23T04:01:36Z","auto_close_at":"2024-04-23T03:59:59Z"},{"id":89186,"entity_id":"wefunder:fundraise:89186","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":500,"max_purchase":9,"funding_target":1235000.0,"minimum_target":"150000.0","maximum_target":"1235000.0","funding_started_at":"2023-06-20T17:14:45Z"}],"latest_fundraise":{"id":89185,"entity_id":"wefunder:fundraise:89185","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2023-12-08T21:43:17Z","funding_closed_at":"2024-04-23T04:01:36Z","terms":{"eb":"$15M","nb":"$20M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":301262,"entity_id":"wefunder:comment:301262","question":"So what's going on?","author_name":"Nancy Korth","votes":2,"created_at":"2025-01-31T08:29:39Z","canonical_url":"https://wefunder.com/elevate.money#question-301262","answers":[]},{"id":320949,"entity_id":"wefunder:comment:320949","question":"10.Dec.2025 With the physical assets finally sold and the remaining capital pending ACH distribution, how are investors able to ascertain ownership of the remaining equity, if any, that was integrated into the Alture Funds and/or Blue Rock private equity portfolio? If I’m not mistaken, Elevate.Money Inc. itself is not dissolved, only the 2 retail properties in its inventory are being liquidated, correct? So the equity in Elevate.Money Inc. itself remains in one form or another and was integrated into one of the entities mentioned above. How can an investor of EM breakdown their individual equity in the new entity?","author_name":"Martin D. ","votes":1,"created_at":"2025-12-10T23:47:10Z","canonical_url":"https://wefunder.com/elevate.money#question-320949","answers":[]},{"id":272117,"entity_id":"wefunder:comment:272117","question":"How will you keep investors informed on company progress post raise?","author_name":"Garrett Barnes","votes":1,"created_at":"2023-12-19T05:26:10Z","canonical_url":"https://wefunder.com/elevate.money#question-272117","answers":[{"id":272149,"entity_id":"wefunder:comment:272149","answer":"Hi Garrett, we communicate with our investors on a quarterly basis, providing updates on progress and initiatives.","author_name":"Harold Hofer","votes":0,"created_at":"2023-12-19T17:54:15Z"}]},{"id":257982,"entity_id":"wefunder:comment:257982","question":"From all the research I have done on Boxabl they seem to be a hugh scam. Not even able to get proper permits to transport the units. Poor structural problems and uncertain on when they will be available. Even the 50,000 price tag seems to be in question. There certainly alot more going on than what Boxabl representatives are saying.","author_name":"Lisa Tucker","votes":1,"created_at":"2023-08-11T06:51:49Z","canonical_url":"https://wefunder.com/elevate.money#question-257982","answers":[{"id":258017,"entity_id":"wefunder:comment:258017","answer":"Hi Lisa, out of curiosity, have you visited the Boxabl factory in Las Vegas, which offers weekly tours? If not, I encourage you to do so and see what they have accomplished thus far, which I believe would prove Boxabl is far from a scam. While that might be a poor choice of words, I understand your concern. We all know Boxabl has seen extraordinary demand for their product which they have not been able to keep up with yet, and if you ask them (watch my interview with Galiano of Boxabl elevate.money/boxabl) they will be the first to tell you that they are still in R\u0026amp;D mode. Their vision is massive, and redefining how homes are constructed will not happen overnight. Maybe the critique on Boxabl comes down to expectation. The company is still in its early stages, and I think it is best to save judgment for some time. We believe Boxabl has the best chance of any to develop modular homes at scale and help solve the housing affordability crisis. Our Future of Housing Fund is the first and only investment vehicle with the right to purchase at least 10% of Boxabl production now and in the future. With this partnership, we intend to develop modular home communities with Boxabl Casitas and see the Future of Housing Fund as a one-of-a-kind for-purpose investment opportunity. Nothing has ever changed without someone taking on the challenge and risk. Elevate Money stands by Boxabl on its quest. Furthermore, Boxabl filed its 2022 YE audited financial statements, showing $110mm in assets, $12mm in liabilities, and $33mm operating loss, for 2022. Here is the public document: https://www.sec.gov/Archives/edgar/data/1816937/000109690623001547/box_1012g.htm#sp4_007","author_name":"Sachin Jhangiani","votes":1,"created_at":"2023-08-11T15:51:03Z"}]},{"id":256817,"entity_id":"wefunder:comment:256817","question":"1) What percentage of AUM does Elevate Money earn as its fee, and what were earnings in 2022 and YTD? 2) What are your revenue projections for 2023 and beyond? 3) When will your Form C be available for review? 4) What's the exit strategy?","author_name":"Kevin Hardman","votes":1,"created_at":"2023-08-02T15:27:07Z","canonical_url":"https://wefunder.com/elevate.money#question-256817","answers":[{"id":256888,"entity_id":"wefunder:comment:256888","answer":"Hi Kevin: 1) The fee is 1% of AUM annually, paid monthly. 2022 earnings were $160k and YTD earnings are $40k. Jumping ahead to your Form CF question, an auditor is reviewing Elevate Money's financial statements in conjunction with the filing of the Form CF, and these financials will be publicly available for your review, once completed. 2) We are working with Wefunder regarding posting our financial forecast, in terms of what is disclosable to a non-accredited investor audience. 3) The CPA firm is working on the Elevate Money, Inc. review of 2022 and 2021 financials. We are around +/- 30 days away; once done, the Form CF will be filed within +/- 5 business days. 4) The exit strategy is to sell or merge Elevate Money, Inc. in 5 to 7 years. Our business model to market a very common and popular financial product (private, non-traded REITs) directly to consumers over our Elevate Money platform, in contrast to the historic distribution through \"human\" financial services intermediaries (broker-dealers, RIA's). As our target customer (Millennial) matures and acquires more wealth, they will increasingly access a broad range of financial products over a digital interface, including private real estate. Our plan is to sell or merge with a legacy firm in our space, that wants to expand distribution to this newer, younger customer base.","author_name":"Harold Hofer","votes":2,"created_at":"2023-08-02T21:43:01Z"}]},{"id":255809,"entity_id":"wefunder:comment:255809","question":"I'm interested in investing, but am curious about the structure and what I'm \"investing in.\" So the REITs are externally managed by ElevateMoney, correct? So ultimately, we're investing in a company with future revenue streams that are fee-based, is that right? So what are the company's expected sources of revenue when stabilized? Is it just AUM fees charged to the REITs as an adviser? Plus any other affiliate revenues (e.g. property sourcing)?","author_name":"Salvatore Pepe","votes":1,"created_at":"2023-07-27T18:48:14Z","canonical_url":"https://wefunder.com/elevate.money#question-255809","answers":[{"id":255814,"entity_id":"wefunder:comment:255814","answer":"Hi Salvatore, great questions. You are correct Elevate Money's business model is fee-based. We earn revenues for real-estate related services (property acquisition, management, etc) from our REITS on the AUM (Assets Under Management). Our model resembles Blackstone's B REIT; the significant difference is how we approach customer acquisition. We sell shares in our REITs direct to consumers (via App and Website) and target the next generation of investors.","author_name":"Sachin Jhangiani","votes":2,"created_at":"2023-07-27T19:02:48Z"}]},{"id":329916,"entity_id":"wefunder:comment:329916","question":"I own https://crowdsource.capital. Interested?","author_name":"Jesse Thompson","votes":0,"created_at":"2026-04-03T01:23:13Z","canonical_url":"https://wefunder.com/elevate.money#question-329916","answers":[]},{"id":328794,"entity_id":"wefunder:comment:328794","question":"Its been 1-2 years without any investor update- can you please provide one?","author_name":"Mark A. Dreyer","votes":0,"created_at":"2026-03-24T09:32:48Z","canonical_url":"https://wefunder.com/elevate.money#question-328794","answers":[]},{"id":320960,"entity_id":"wefunder:comment:320960","question":"Can I move the money I have in Elevate Money to a a different Wefunder account?","author_name":"Carla Spencer","votes":0,"created_at":"2025-12-11T01:36:33Z","canonical_url":"https://wefunder.com/elevate.money#question-320960","answers":[]},{"id":295967,"entity_id":"wefunder:comment:295967","question":"Thank you Dominik. I appreciate the quick response. I’m a bit disappointed there was zero discussion on this matter before we had the vote dropped at our doorstep like a wet newspaper and a tight 3 day deadline to respond! Does the Docusign file have details on the proposed liquidation of assets or is it a simple request to vote and sign with no information on distributions or claims process? Nov.2024","author_name":"Martin D. ","votes":0,"created_at":"2024-11-10T07:12:00Z","canonical_url":"https://wefunder.com/elevate.money#question-295967","answers":[]},{"id":295917,"entity_id":"wefunder:comment:295917","question":"Thank you Dominik. I appreciate the quick response. I’m a bit disappointed there was zero discussion on this matter before we had the vote dropped at our doorstep like a wet newspaper and a tight 3 day deadline to respond! Does the Docusign file have details on the proposed liquidation of assets or is it a simple request to vote and sign with no information on distributions or claims process? Nov.2024","author_name":"Martin D. ","votes":0,"created_at":"2024-11-08T20:51:06Z","canonical_url":"https://wefunder.com/elevate.money#question-295917","answers":[]},{"id":295900,"entity_id":"wefunder:comment:295900","question":"An email has been sent to investors requesting a Docusign be signed and returned to a company called SRIJI FINANCIAL allowing Elevate.Money to be sold and dissolved. At what point did this event become final and is this even an official act? I have not received any responses from directly contacting Elevate.Money so i'm forced to reached out via this route. Please take a moment to provide some updates. Any other investors interested in linking up in a chat group to discuss the issue? Much appreciated! Nov2024","author_name":"Martin D. ","votes":0,"created_at":"2024-11-08T19:06:52Z","canonical_url":"https://wefunder.com/elevate.money#question-295900","answers":[{"id":295915,"entity_id":"wefunder:comment:295915","answer":"Hi Martin, Thank you for reaching out. Elevate.Money REIT I, Inc. (REIT I) shareholders have been sent a notice request to vote to move forward with the dissolution of REIT I's assets. If approved, SRIJI Financial has been contacted to perform the dissolution of the assets in Elevate.Money REIT I, Inc. The voting period will end on November 12, 2024. A few days after the results have been confirmed, an update will be sent to all Shareholders of Elevate.Money REIT I Inc. with the results and next steps. The Advisor, Elevate.Money, Inc. which is the target of this Wefunder Campaign, is not being sold or dissolved.","author_name":"Dominik Tortes","votes":0,"created_at":"2024-11-08T20:44:14Z"}]},{"id":276608,"entity_id":"wefunder:comment:276608","question":"This may sound a bit gimmicky, but before I invest in anything I look to see if they have an app and how their apps doing - it's a pretty good indicator on how a company is ran surprisingly. Your ElevateMoney app currently sits at a 3.1/5.0 on the app store with many reviews saying they can't even log in or their emails are \"invalid\". It also only has 500 downloads. Who are you guys trying to reach again? How many individual investor accounts do you have on your platform? What is their average investment amount? What is the mean investment amount? Thank you.","author_name":"B K","votes":0,"created_at":"2024-02-17T23:57:58Z","canonical_url":"https://wefunder.com/elevate.money#question-276608","answers":[{"id":277151,"entity_id":"wefunder:comment:277151","answer":"Hi Brandon, a few months ago we had implemented an over zealous anti-bot spam filter that unfortunately stopped some users with unverified emails from being able to sign up which understandably caused a few people to leave a negative review. The majority of our users are on iOS where we have a 4.1 rating. We have over 17,500 users and over 2,000 investors on our platform, with about one quarter of the investors having an active auto-investment each month. Our target demographic is 25-45 year olds, and our average investment is $250.","author_name":"Harold Hofer","votes":0,"created_at":"2024-02-23T22:08:30Z"}]},{"id":274453,"entity_id":"wefunder:comment:274453","question":"I already invest in REITs on a trading app and can choose ones with different focuses like commercial or residential real estate, some that pay 10-20% dividends, what is the competitive advantage for Elevate Money, particularly as an investor in this round as the product already exists and people can invest with a small amount of money while instantly earning dividends and maintaining liquidity?","author_name":"Tony Dixon","votes":0,"created_at":"2024-01-22T06:16:40Z","canonical_url":"https://wefunder.com/elevate.money#question-274453","answers":[{"id":274471,"entity_id":"wefunder:comment:274471","answer":"Thank you Tony, great question. The issue is public, listed REITs vs. public, non-listed REITs. Our premise, and the premise of others in the non-listed REIT space (i.e., Blackstone's BREIT) is that listed REITs exhibit market volatility comparable to regular stocks. See our blog piece on this topic: https://www.elevate.money/blog/public-reits-are-not-real-estate One of the fundamental reasons for including real estate in an investment portfolio is to create a hedge against public market volatility. Listed REITs fail in this regard. So, yes, you can use your Robinhood app to buy a stock market-listed REIT . . . . but you are subject to the vagaries of public market pricing swings that are not correlated or tethered to the true underlying values of the REIT's real estate.","author_name":"Harold Hofer","votes":0,"created_at":"2024-01-22T17:20:46Z"}]},{"id":273873,"entity_id":"wefunder:comment:273873","question":"Why would a customer choose to invest with you over competitors such as Fundrise?","author_name":"Michael Fowlie","votes":0,"created_at":"2024-01-14T08:12:08Z","canonical_url":"https://wefunder.com/elevate.money#question-273873","answers":[{"id":277622,"entity_id":"wefunder:comment:277622","answer":"Hi Michael, there are several outstanding companies democratizing real estate investment access and certainly Elevate Money and Fundrise are among them. A concern for any player in this space is its long-term viability. Fundrise, for example, as a 10-year old company, had a net operating loss of around -$40 million in each of 2022 and 2021 (2023 results not yet published), see page F-4 at this link: https://www.sec.gov/Archives/edgar/data/1640967/000110465923049703/tm2312485d1_partii.htm If you invest in a company like Elevate Money that is providing fractionalized investment access to alternative investments historically only available to institutions and the very wealthy, does this company have a demonstrable path to profitability? It's a function of how soon future revenues exceed future expenses. \"Growth at any cost\" no longer flies. All of the disclosures and disclaimers in Wefunder apply and we can't guarantee ultimately becoming a profitable company, but certainly in the context of comparing Elevate Money to Fundrise, you have to look at the latter's financial position after 10 years of operations.","author_name":"Harold Hofer","votes":0,"created_at":"2024-02-29T17:21:16Z"}]},{"id":260455,"entity_id":"wefunder:comment:260455","question":"Hello, 1) How far along are you with your Future of Housing Fund? When will you start recieving homes from Boxable and installing them? Do you have locations yet? Where are you going to build your modular home communities? 2) Commercial real estate has faced challenges from vacant office space which also affects downtown businesses. How are you and your commercial real estate fund facing these challenges? 3) What is your competitive advantage vs other eREIT companies like FundRise, RealtyMogul, Streitwise, etc? Thanks","author_name":"Felix Vayssieres","votes":0,"created_at":"2023-08-29T01:37:47Z","canonical_url":"https://wefunder.com/elevate.money#question-260455","answers":[{"id":260541,"entity_id":"wefunder:comment:260541","answer":"Hi Felix, great questions. Q: How far along are you with your Future of Housing Fund? A: We just launched the Fund earlier this month. We are selling shares daily. Q: When will you start recieving homes from Boxable and installing them? A: We can get the Boxabl Casitas when we want them. Our business model is to develop entry-level affordable housing communities populated with the Boxabl Casitas housing units. We are in close communication with Boxabl and we will have lead time to order / reserve Casitas in advance of actually needing them. Q: Do you have locations yet? Where are you going to build your modular home communities? A: We are in discussions with a municipality in Nevada in dire need of workforce housing, to purchase a city-owned parcel of land and to expedite the approval / permitting process. When (and if) we sign a definitive agreement with this City, we will publicly announce this deal. If it comes to fruition, it will be a use case entirely consistent with our vision and business model. Q: Commercial real estate has faced challenges from vacant office space which also affects downtown businesses. How are you and your commercial real estate fund facing these challenges? A: Our commercial real estate REIT (Elevate.Money REIT I) focuses on smaller necessity-based retail properties such as dollar stores and gas stations / C-stores. Buying office buildings, or retail properties dependent upon adjacent office buildings, is not REIT I's business model. Q: What is your competitive advantage vs other eREIT companies like FundRise, RealtyMogul, Streitwise, etc? A: We have a different strategy than these companies. Primarily, we are the end-user of the real estate investment capital raised on our platform and perform most of the required real estate tasks and thereby receive the associated real estate services revenues. We thus have a higher revenue model, per dollar raised on our platform, as compared to these other companies. Fundrise's primary real estate investment vehicle is an Interval Fund (raising capital to invest in other real estate deals); Realty Mogul's REITs are primarily debt (vs. equity) vehicles, lending money to other, third party real estate sponsors, and Streitwise invests in secondary market office properties. All great companies, run by smart people. But the reality in the eREIT space is that we are all in a sprint to achieve profitability and we believe our \"end-user\" revenue model will allow us to get there first.","author_name":"Harold Hofer","votes":0,"created_at":"2023-08-29T18:10:09Z"}]},{"id":257270,"entity_id":"wefunder:comment:257270","question":"Is the company profitable yet? If not, when will it be? Current run way?","author_name":"Minh Le","votes":0,"created_at":"2023-08-05T23:17:22Z","canonical_url":"https://wefunder.com/elevate.money#question-257270","answers":[{"id":257302,"entity_id":"wefunder:comment:257302","answer":"We are currently not profitable. Our business model allows us to be profitable as we reach a certain level of scale which we project (not guaranteed) to be within 4-5 years. We are working with Wefunder regarding posting our financial forecast regarding what is disclosable to a non-accredited investor audience. Also, the CPA firm is working on the Elevate Money, Inc. review of 2022 and 2021 financials. We are around +/- 30 days away; once done, the Form CF will be filed within +/- 5 business days","author_name":"Sachin Jhangiani","votes":0,"created_at":"2023-08-06T15:14:13Z"}]},{"id":257129,"entity_id":"wefunder:comment:257129","question":"The 'Early Bird' Investment Terms are not coming through. On the main page (https://wefunder.com/elevatemoney/), it shows the Early Bird Terms are active (as of writing this question), at a $15M valuation cap. But when I go to make an investment, the Deal Terms instead show $20M on the Investor Page (https://wefunder.com/elevatemoney/invest?amount=500). Could you clarify if the Early Bird terms are in still in effect, or should we consider the Deal Terms on the Investor Page to be accurate? Thank you","author_name":"Hersh Choksi","votes":0,"created_at":"2023-08-04T07:37:38Z","canonical_url":"https://wefunder.com/elevate.money#question-257129","answers":[{"id":257138,"entity_id":"wefunder:comment:257138","answer":"Hi Hersh, The early bird terms are still valid. I'll check with Wefunder on this and get back to you asap.","author_name":"Sachin Jhangiani","votes":0,"created_at":"2023-08-04T12:52:03Z"},{"id":257155,"entity_id":"wefunder:comment:257155","answer":"Hi Hersh, thanks for the question, and I was able to get the answer for you! We'll be offering our Early Bird term to the first $500k of investors. When we file our paperwork with the SEC (estimated in a couple of weeks) we'll notify you and ask you to confirm your investment - at that point, as long as you're in the first $500k, you'll get the Early Bird term. Thanks so much for your interest in investing.","author_name":"Sachin Jhangiani","votes":0,"created_at":"2023-08-04T17:49:03Z"}]},{"id":256701,"entity_id":"wefunder:comment:256701","question":"What's the share price?","author_name":"Sebastien Osnard","votes":0,"created_at":"2023-08-01T18:32:02Z","canonical_url":"https://wefunder.com/elevate.money#question-256701","answers":[{"id":256717,"entity_id":"wefunder:comment:256717","answer":"Hi Sebastien, Elevate Money, Inc. is raising capital on Wefunder in the form of a SAFE, or \"Simple Agreement for Future Equity\". This means that the share price gets fixed in the future, when Elevate Money raises additional capital at a fixed company valuation and a fixed share price. At that time, current investors are issued shares subject to a valuation cap. For example and purely hypothetical, if in the future Elevate Money, Inc. sells shares at a $100 million valuation and $100 per share, current Wefunder investors will have shares issued at a $20 million valuation or $20 per share (and $15 million / $15 per share for Wefunder Early Birds).","author_name":"Harold Hofer","votes":0,"created_at":"2023-08-01T20:34:56Z"}]},{"id":256084,"entity_id":"wefunder:comment:256084","question":"Very disappointed to see you are working with boxabl. Because of this relationship I will be withholding my investment at this time. Thank you","author_name":"Orion Torcellini","votes":0,"created_at":"2023-07-28T20:35:51Z","canonical_url":"https://wefunder.com/elevate.money#question-256084","answers":[{"id":260577,"entity_id":"wefunder:comment:260577","answer":"OK","author_name":"Harold Hofer","votes":0,"created_at":"2023-08-29T21:12:10Z"}]},{"id":256053,"entity_id":"wefunder:comment:256053","question":"1) Is the Real Estate under management actually OWNED by EM, as in NNN Leases? 2) Are online investments secured by the RE assets under management by EM? Thanks. 07.28.23","author_name":"Martin D. ","votes":0,"created_at":"2023-07-28T19:33:31Z","canonical_url":"https://wefunder.com/elevate.money#question-256053","answers":[{"id":256086,"entity_id":"wefunder:comment:256086","answer":"Hi Martin, the real estate under management is owned by our REIT, and for our commercial properties REIT (our REIT I), the properties are subject to long-term leases with tenants that operate their businesses in the properties. Elevate Money, Inc. is the sponsor of and advisor to our REITs. An investment in Elevate Money, Inc. via Wefunder is not secured by the real estate owned by our REITs. You are making an investment on Wefunder in Elevate Money, Inc. which owns and operates the www.elevate.money platform and which earns real estate revenues in its capacity as advisor to the REITs.","author_name":"Harold Hofer","votes":0,"created_at":"2023-07-28T20:45:50Z"}]},{"id":256037,"entity_id":"wefunder:comment:256037","question":"Under Investment Terms it shows the valuation cap was reduced from 20m to 15m. Could you explain why this changed and when this was done? Thanks.","author_name":"Christopher H","votes":0,"created_at":"2023-07-28T18:35:01Z","canonical_url":"https://wefunder.com/elevate.money#question-256037","answers":[{"id":256039,"entity_id":"wefunder:comment:256039","answer":"Hi Christopher, Elevate Money's campaign on Wefunder has an \"early bird\" discounted valuation, at $15 million, for the first $500,000 raised in the campaign. After $500,000, the valuation is $20 million.","author_name":"Harold Hofer","votes":0,"created_at":"2023-07-28T18:39:52Z"}]},{"id":255852,"entity_id":"wefunder:comment:255852","question":"Hi, I have some questions regarding Elevate Platform. 1) If I invest on FOHF fund from Elevate platform, is my investment tied to certain property or the entire portfolio of properties. 2) What is the minimum amount of investment and how it works if I want to exit my investment.","author_name":"Birun Balami","votes":0,"created_at":"2023-07-27T21:11:51Z","canonical_url":"https://wefunder.com/elevate.money#question-255852","answers":[{"id":255857,"entity_id":"wefunder:comment:255857","answer":"Responses: 1) Our FOHF REIT is designed to own a portfolio of properties; you are not investing in an individual property. We like the REIT structure, as investment risk is spread / dispersed over a pool or properties, rather than one individual property. 2) The minimum FOHF REIT investment is $1,000. Withdrawals or share redemptions are processed on a monthly basis, after your first year of FOHR REIT share ownership (one-year lockup). Share redemptions are subject to certain monthly volume limitations, as described the the REIT's Offering Circular: https://www.sec.gov/Archives/edgar/data/1975215/000110465923079568/tm2314799d3_partiiandiii.htm","author_name":"Harold Hofer","votes":0,"created_at":"2023-07-27T21:54:37Z"}]},{"id":255838,"entity_id":"wefunder:comment:255838","question":"Your first fund invested in commercial real estate. Does that mean office buildings? Wouldn’t that put a dent in your plans for profitability?","author_name":"Paddington Bear ","votes":0,"created_at":"2023-07-27T19:42:38Z","canonical_url":"https://wefunder.com/elevate.money#question-255838","answers":[{"id":255853,"entity_id":"wefunder:comment:255853","answer":"No, no office building. Just recession-resistant necessity-based small retail / commercial properties.","author_name":"Harold Hofer","votes":1,"created_at":"2023-07-27T21:24:00Z"}]},{"id":255812,"entity_id":"wefunder:comment:255812","question":"Will the FOHF be in the single family rental space (ie, equity REIT)? Or will it provide mortgage financing to owners (ie, mortgage REIT)? Hybrid?","author_name":"Salvatore Pepe","votes":0,"created_at":"2023-07-27T18:51:58Z","canonical_url":"https://wefunder.com/elevate.money#question-255812","answers":[{"id":255816,"entity_id":"wefunder:comment:255816","answer":"The main objective of the FOHF is to build modular home communities with Boxabl Casitas for rent like an Equity REIT. It will have the ability to finance owners and that is something we could consider down the road.","author_name":"Sachin Jhangiani","votes":0,"created_at":"2023-07-27T19:05:31Z"}]}],"faq":[{"question":"You're projecting to be cash positive on or about 2027?","answer":"Hi Martin, yes that is correct. We are projecting to be cash flow positive by 2027."},{"question":"Is this an investment in the \"Future of Housing Fund\" (FOHF) or in the actual company \"Elevate Money\"?","answer":"Hi Donald, the investment made on Wefunder is for shares in the parent company, Elevate Money Inc. The Future of Housing Fund will be open for investment later this summer on the Elevate Money App and website."},{"question":"I'm currently an investor with Elevate Money. However since your company has teamed up with Boxabl what would the wiser and most profitable decision to make? Invest directly with Elevate or Boxabl? The difference? Also I have initially invested 10k with Boxabl but I asked for ...","answer":"Hi George, we appreciate your enthusiasm! We love Boxabl and are very excited about the prospects for Elevate Money. We are prohibited from providing investment advice. If you could ask any specific questions on Elevate Money and our Wefunder offering, we would be happy to answer them."},{"question":"I'm interested in investing, but am curious about the structure and what I'm \"investing in.\" So the REITs are externally managed by ElevateMoney, correct? So ultimately, we're investing in a company with future revenue streams that are fee-based, is that right? So what are the...","answer":"Hi Salvatore, great questions. You are correct Elevate Money's business model is fee-based. We earn revenues for real-estate related services (property acquisition, management, etc) from our REITS on the AUM (Assets Under Management). Our model resembles Blackstone's B REIT; the significant difference is how we approach customer acquisition. We sell shares in our REITs direct to consumers (via App and Website) and target the next generation of investors."},{"question":"Will the FOHF be in the single family rental space (ie, equity REIT)? Or will it provide mortgage financing to owners (ie, mortgage REIT)? Hybrid?","answer":"The main objective of the FOHF is to build modular home communities with Boxabl Casitas for rent like an Equity REIT. It will have the ability to finance owners and that is something we could consider down the road."}]}}}