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Software is only part of a raise
Most syndication platforms sell software. You still hire a securities attorney, set up escrow and pay a CPA every year. Here’s what one apartment deal costs over five years with each option.
Software only
DoorRaise
Total cost of one deal
One deal with about 40 investors, held 5 years. State filing fees are the same everywhere and aren’t included.
DoorRaise
$23K
$500 setup, $5,000 at closing, $3,500 a year. Everything included.
Homebase
$66K to $118K
Growth, $500 a month
Software $30K + bought separately $36K to $88K
Cash Flow Portal
$42K to $93K
From $99 a month
Software $6K + bought separately $36K to $88K
InvestNext
$66K to $117K
From $499 a month
Software $30K + bought separately $36K to $88K
SyndicationPro
$60K to $124K
About $400 to $600 a month. Not published; estimate from a third-party comparison.
Software $24K to $36K + bought separately $36K to $88K
Agora
$81K to $132K
From $749 a month
Software $45K + bought separately $36K to $88K
Juniper Square
$126K to $178K
Quote only, reported from about $18,000 a year. Based on previously published pricing.
Software $90K + bought separately $36K to $88K
Software prices are each platform’s lowest published plan that can run a raise, from its website or published comparisons as of October 2026. Some platforms sell add-ons such as fund administration or tax services at extra cost. Product names are trademarks of their owners.
What a raise needs
| Needed for one deal | DoorRaise | Typical software |
|---|---|---|
| Offering documents (PPM, operating agreement, subscription documents) | You buy it | |
| Forming the deal’s legal company (LLC) | You buy it | |
| Form D and state filings | You buy it | |
| Escrow account for investor money | You buy it | |
| Accreditation checks on every investor | You buy it | |
| Deal page and investor portal | ||
| Electronic signing | ||
| Distributions and investor updates | ||
| Tax return and K-1s every year | You buy it |
What you buy separately with software
| Securities attorney: offering documents and Form D | $12,500 to $31,500 |
| LLC formation, escrow and accreditation checks | $3,500 to $8,500 |
| CPA: tax return and K-1s, 5 years | $20,000 to $47,500 |
| Total over 5 years | $36,000 to $87,500 |
Typical costs from published law firm and CPA pricing. See pricing for the full breakdown.
Questions
Why is DoorRaise cheaper than software that costs less per month?
Software platforms charge for the portal, but you still pay a securities attorney, set up escrow and pay a CPA every year. Those are the biggest costs of a raise, and DoorRaise includes them.
Is software ever the better choice?
If you run many deals at once and already have a law firm, CPA and escrow agent you like, a monthly software plan spread across those deals can make sense. DoorRaise is built for sponsors raising one deal at a time from their own friends and followers.
What about startup investing platforms like AngelList?
They’re built for investing in startups. AngelList treats real estate as a non-standard add-on, Sydecar doesn’t accept it, and none of them handle a property’s loan, books or the escrow payment to a title company.
How current are these prices?
They come from each company’s website or published comparisons as of October 2026. Prices change, so check each company’s site before deciding.