Jeremy Biberdorf
By: Jeremy Biberdorf
April 19, 2022

PeerStreet Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
April 19, 2022


Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.


4.6 rating based on 5 ratings

Get Started

In a Nutshell: In short, PeerStreet is a crowdfunding platform that puts those borrowing (borrowers) in contact with those that are investing (investors). Since it connects two groups of audiences together, it is regarded as a P2P (peer-to-peer) platform. The platform’s main focus is private money loan investments and provides loans that are less risky. Unlike a Real Estate Investment Trust (REIT), PeerStreet lets you choose the loans you want.

Read our PeerStreet review to learn if PeerStreet is right for you.

Type of Offering
Type of Property
Minimum Investment
DebtSingle-family and residential homes$1,000Yes
Pros & Cons
  • Makes performance of every past investment accessible
  • Investment minimum is pretty low
  • Self-directed IRA
  • Minimum commitment of 6 months
  • Only accredited investors can join
  • Illiquid assets

Compare to Other Investment Platforms:

PeerStreet Logo
4.6 rating based on 5 ratings
Learn More

Minimum Investment$1,000

First National Realty Partners
4.9 rating based on 5 ratings
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Fees$50,000 minimum investment per deal. .5% to 1.5% Asset Management Fee, determined on a per-deal basis. Other fees may apply.

RealtyMogul Logo
3.5 rating based on 5 ratings
Learn More

Fees1% to 1.25%

PeerStreet Review – How Does It Work?

Our PeerStreet review shows that the platform is only available to accredited investors, which means you need at least a net worth of $1,000,000, or a $200,000 annual income or a $300,000 household annual income. You can still be considered an accredited investor if you hold a Series 7, 65, or 82 license.

Originators present both parties in the deal and are responsible for handling everything. The transactions are for real estate loans, funded by investors and not on actual real estate. The loans are short, anywhere from 6 months to 2 years, and they span across the U.S.

Don’t worry, PeerStreet is very stringent in their originator vetting process, and they check everything from financial statements to overall track record.

PeerStreet Features

PeerStreet Pocket

PeerStreet Pocket is a feature that gives inventors the chance to earn interest on uninvested cash (2%). There will be no maintenance fees on the account and you can still make withdrawals and deposits with prior notice to PeerStreet.

Automated Investing

Some investors just do not have the time to micromanage every investment, which is why PeerStreet also offers automated investing for the hands-off type. The platform will take control of your assets and invest them in a way that meets your requirements. Although you give PeerStreet permission to do that, you still have control over the investments by filtering criteria.

Another great thing about PeerStreet’s automated investing feature is it doesn’t make moves without your green light. The platform will give you 24 hours to review the potential investments.

PeerStreet Fees

PeerStreet takes about 0.25% to 1% of your investments. There is also typically an account setup fee that is $50, a $100 account fee, and a $50 processing fee.

Self-Directed IRAs

Another useful feature PeerStreet provides is self-directed IRAs. You can create an entirely new account with them or transfer some money from your other retirement accounts. The self-directed IRAs on PeerStreet can help you make pre-tax or post-tax contributions into your account, but there are a lot of fees that add up to about $200, but not if you deposit a minimum of $5,000

Types of Accounts

PeerStreet is more than just a real estate loan investment platform; you can also open regular taxable investment accounts, and IRA accounts. All accounts opened with the platform are secure and have FDIC coverage up to $250,000 per investor.

Each transaction is encrypted and uses the same security technology used by all the large banks in the country.

Customer Service

There isn’t much information available about PeerStreet’s customer service rating. Our PeerStreet review showed that the company lives up to its claims, but keep in mind that no matter how amazing a product or service is, there will be someone out there that is dissatisfied. The reviews of a few people should not reflect a platform’s overall performance.

Users can reach out to PeerStreet’s customer service via email or by phone. There is also a friendly chatbot that can point you in the right direction.

Learning Resources

PeerStreet has an informational blog on its website that covers helpful topics to broaden your knowledge of investing, the workforce, and the economy. For information about how to use the platform and answers to frequently asked questions, there is a FAQ section located at the very bottom with answers to questions in various categories.

If you can’t find the answers to your questions, sending them an email will usually see a reply within 1 to 3 business days.


PeerStreet is a legit company that helps put borrowers and investors in touch with each other for real estate loans. The fees can be a bit high, but the platform also integrates regular taxable investment accounts and self-directed IRAs.

Click here to find out more about what PeerStreet can do for you and if it’s a platform that matches your needs.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.