DoorRaise vs Homebase: Cost, Features and Who Each Fits
Homebase is monthly software for sponsors who manage investors, deals and distributions. DoorRaise is a product we built for sponsors raising one apartment deal at a time, and it bundles the LLC, escrow coordination, Form D and K-1s. Choose Homebase for several deals with your own legal and tax team. Choose DoorRaise for a first or single raise.
If you are new to the whole process, start with our guide to real estate syndication and come back here to compare tools.
Quick comparison
The two products solve different problems. Homebase manages investor relationships and deal operations as software, while DoorRaise packages the legal, escrow and tax steps of a single raise.
| Topic | Homebase | DoorRaise |
|---|---|---|
| What it is | Investor management software for commercial real estate sponsors | Software, legal document preparation, escrow coordination and verification services for one raise |
| Built for | Sponsors from pre-deal through multiple active deals | Sponsors raising one apartment deal (5+ units) at a time from their own network |
| How it charges | Monthly plan | Three flat fees, 0% of the raise or profits |
| Published price | Starter $100/mo, Growth $500/mo, Scale $1,200/mo, Enterprise custom (Homebase pricing page, as of October 19, 2026) | $500 at setup, $5,000 at closing, $3,500 a year while you own the property, plus state filing fees at cost |
| What you still buy separately | Per Homebase's page, ACH needs a separate ZumRails agreement. Securities attorney, entity, escrow and CPA are not described on the pricing page | State filing fees (usually $2,000 to $5,000, per DoorRaise) |
| Contract terms | Month to month, no long-term contracts | No software subscription; the yearly fee applies while you own the property |
| Setup or onboarding fee | Not published for Starter and Growth | Included in the $500 setup fee |
| Free trial | Not published | Free to create a sponsor page |
Prices change, so confirm current terms with Homebase before deciding.
What Homebase is
Homebase describes itself on its pricing page as software with four plans. We summarize only what that page says as of October 19, 2026.
- Starter, $100 a month. Aimed at sponsors not yet raising. It lists a deal room, investor CRM, LP dashboard, an AI Prompt Library and basic reporting. It does not include fundraising features or distributions.
- Growth, $500 a month ("Most Popular"). Up to 15 active deals. It adds e-signature checkout, ACH distributions, cap table management, waterfall calculations, co-GP accounts and customized investor reports.
- Scale, $1,200 a month. Unlimited deals, integrations, priority support and advanced reporting.
- Enterprise. Custom pricing.
The page also says plans are month to month with no long-term contracts, and that there are no AUM fees, no per-investor charges and no usage fees currently. It states that ACH requires a separate ZumRails agreement, and that KYC and embedded signatures are included with no per-item charge on Growth and Scale. A free trial and setup or onboarding fees for Starter and Growth are not published.
What DoorRaise is
DoorRaise (doorraise.com) helps sponsors raise equity for apartment buildings with 5+ units from people who already trust them, such as friends and followers, under Rule 506(b) or 506(c). It is software, legal document preparation, escrow coordination and verification services.
It is not a law firm, broker-dealer, investment adviser, funding portal, bank or escrow agent, and it does not hold investor money. Funds go to an independent escrow agent named on each deal. It gives no investment, legal or tax advice and does not recommend, rank or endorse any offering.
The three fees, per our pricing page:
- $500 at setup, when the raise opens. DoorRaise forms the deal's LLC (including the registered agent), prepares investor documents from attorney-approved templates, opens an escrow account in the deal's name, builds the deal page and live call sign-up, and runs accreditation checks on every investor. It is not refunded if the raise doesn't close.
- $5,000 at closing, paid from the funds raised and only if the deal closes. It covers attorney review of the offering documents, sponsor background, purchase contract, title and loan checks, Form D filing and electronic signing, escrow paying the title company at closing, and the investor portal and document vault.
- $3,500 a year while you own the property, paid from the property's income. It covers bookkeeping synced from the property manager, the tax return and K-1s for every investor, payouts and investor updates, and the final tax forms and company closing at sale.
If the raise doesn't close, the sponsor never pays the closing or yearly fee, and every investor gets money back from escrow. There are no per-investor, software or seat fees.
Cost: what a single apartment deal actually needs
Portal software is one piece of a raise, so a monthly price alone understates what a first deal costs. A Rule 506 raise also needs offering documents prepared by a securities attorney, a legal entity, an escrow arrangement, accreditation checks, a Form D filing, state notice filings and a CPA to prepare the partnership return and K-1s.
Those items sit outside a software subscription unless a vendor says otherwise. Homebase's pricing page, as of October 19, 2026, does not list attorney documents, escrow or tax preparation as part of any plan. Ask Homebase directly what each plan includes.
Here are DoorRaise's own estimates of what a raise of about 40 investors costs when you buy the pieces separately. These are our estimates, not market data:
| Item bought separately | DoorRaise's own estimate |
|---|---|
| Securities attorney offering documents | $12,000 to $30,000 |
| LLC formation | $500 to $1,500 |
| Escrow account | $1,000 to $3,000 |
| Accreditation checks | $2,000 to $4,000 |
| Form D filing | $500 to $1,500 |
| Tax return and K-1s (per year) | $4,000 to $9,500 |
DoorRaise's three fees for five years of ownership are $500 + $5,000 + 5 x $3,500 = $23,000, plus state filing fees at cost, usually $2,000 to $5,000 in total. The full side-by-side lives at /compare, which is also where to look for any per-platform totals.
Illustration: a sponsor on the Growth plan at $500 a month pays $6,000 a year ($500 x 12) for software. Attorney, entity, escrow and tax work are separate line items, and the yearly tax return and K-1s in the table above recur each year of ownership. If the same sponsor runs several deals with a law firm and CPA already in place, the math can favor the subscription. This is illustrative, not a quote from either company.
For the wider picture of what raises cost, see our guide to real estate syndication fees and our overview of syndication software.
When Homebase is the better choice
Homebase is likely the better choice if one or more of these describes you.
- You run several deals. Growth lists up to 15 active deals and Scale lists unlimited deals. A flat monthly price across many deals can beat paying per-raise fees each time.
- You already have an attorney, CPA and escrow agent you like. If those pieces are in place, you may only need the investor-facing software.
- You are not raising yet. Starter at $100 a month is built for pre-deal sponsors who want a deal room, CRM and LP dashboard first.
- Your asset is not an apartment building. DoorRaise covers 5+ unit apartments only.
When DoorRaise is the better choice
DoorRaise is likely the better choice if these fit.
- It is your first or only raise. You are raising one apartment deal from your own network and want the entity, documents, escrow, Form D and K-1s handled in one place.
- You have no securities attorney or CPA yet. The three fees bundle attorney review of the offering documents and tax preparation, so you are not hiring and coordinating each one.
- You want a known all-in range. Three flat fees plus state filing fees at cost (usually $2,000 to $5,000, per DoorRaise) give a clearer total for a single deal.
Our take
This section is our opinion, and we built DoorRaise, so weigh it accordingly. We think sponsors compare the wrong numbers. A $500 monthly plan and a $5,000 closing fee look nothing alike, but they cover different work.
For a first-timer the legal documents, escrow and Form D usually matter more than the dashboard. Our advice is to price your whole raise on paper, including the attorney and CPA, then compare. For a first-timer, our guide to raising as a first-time syndicator with no track record covers the other half of the problem.
Trade-offs and who this is not for
Every choice here has a cost.
Homebase trade-offs. Homebase's pricing page does not list Form D filing, escrow or K-1 preparation among its plans, so confirm with Homebase who handles them. You may need to assemble those pieces. ACH needs a separate agreement.
DoorRaise trade-offs. DoorRaise is narrow. It does not fit funds, non-apartment assets or sponsors running many deals at once. The $500 setup fee is not refunded if the raise doesn't close. State filing fees are extra. And it handles a raise, not a long list of CRM features, so a sponsor who wants deep CRM tooling may want software instead.
Not for you if you plan a fund, hold commercial assets other than apartments, or need institutional LP reporting. Neither is a substitute for talking to your own securities counsel.
Questions to ask any platform
Use this checklist with Homebase, DoorRaise or anyone else.
- Who files the Form D and the state notice filings, and who pays the fees? See our Form D guide.
- Who holds the investor money, and is it an independent escrow agent? See syndication escrow.
- Who prepares the K-1s each year, and is that included in the price? See K-1s in real estate syndication.
- What is the contract term and how do I cancel?
- What do add-ons cost, such as ACH, KYC and onboarding?
- What happens to the money and fees if the raise doesn't close?
- Who is the securities attorney, and who reviews the offering documents? Also ask how accredited investor verification is handled.
How DoorRaise fits in
DoorRaise is built for one situation: a sponsor raising equity for a 5+ unit apartment building from their own network under Rule 506(b) or 506(c). The $500 setup, $5,000 closing and $3,500 yearly fees cover the LLC, attorney-approved document templates, escrow with an independent agent, accreditation checks, Form D, the investor portal, bookkeeping and K-1s. State filing fees pass through at cost. Details are on the how it works page.
Ready to raise? Create your free sponsor page or see pricing.
FAQ
What does Homebase cost?
According to Homebase's pricing page on October 19, 2026, Starter is $100 a month, Growth is $500 a month, Scale is $1,200 a month and Enterprise is custom. The page lists plans as month to month. Prices change, so confirm with Homebase.
Does Homebase charge per investor or take a percentage?
The page states no AUM fees, no per-investor charges and no usage fees currently. Confirm the current position with Homebase, since that wording says "currently".
Is DoorRaise a Homebase alternative for multiple deals?
Not really. DoorRaise is scoped to one apartment deal at a time with 5+ units. A sponsor running many deals should compare a software plan against repeated per-raise fees.
Do I still need a securities attorney with DoorRaise?
DoorRaise uses attorney-approved templates, and an attorney reviews the offering documents at closing as part of the $5,000 fee. DoorRaise is not a law firm and gives no legal advice, so talk to your own counsel about your situation.
How does a Rule 506 raise get filed?
Under Rule 503, a Form D is generally due within 15 calendar days after the first sale. Under Rule 506, 506(b) limits non-accredited purchasers to 35 in any 90 days, and 506(c) requires all purchasers to be accredited with reasonable verification. Rule 501 defines accredited investors. Confirm details with counsel.
Other comparisons
Weighing other tools? See DoorRaise vs InvestNext and DoorRaise vs SponsorCloud (formerly SyndicationPro).
Sources
- Homebase pricing page, as of October 19, 2026
- 17 CFR 230.506, Rule 506
- 17 CFR 230.503, Form D filing
- 17 CFR 230.501, Definitions including accredited investor
- DoorRaise pricing and compare page, as of October 19, 2026
This article is general information, not legal, tax or investment advice. Homebase is a trademark of its owner. DoorRaise is not affiliated with it. Competitor prices and terms come from the company's own site as of October 19, 2026 and may change. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.