realtymogul.com

1.1
1.1 Based on 33 reviews

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Macy Fisher
In the same boat like everyone else…DO NOT INVEST!

In the same boat like everyone else trying to get their money out of this horrible "business". CAVEAT EMPTOR!Their share repurchase program states they MAY buy back up to 25% each quarter. But in reality what they do is give you a percentage of THAT. So if they say they're repurchasing 15% of one quarter, what it means is 15% of that 25%. It ends up a paltry amount.At this rate it will take many years to get my money back and I just invested the minimum. I have investment accounts with several major brokerages and know people who invested in other crowdfunding REIT and did not have this issue. Their reluctance to buy out shareholders when the real estate market has been booming in the areas the fund invests in points to a possible PONZI scheme or other nefarious operation.Another problem is many reputable financial sites give them great reviews. NONE of them disclose the difficulty in withdrawing your money. An actual real estate deal is easier to transact and sell than this! In addition, they have a ridiculous A+ rating with the Better Business Bureau.We're looking into filing a complaint with the SEC and talking with a law firm about a lawsuit.Stay Away!

1
Date of experience: Aug 01, 2024

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