Name: realtymogul.com
Telephone: 000000000
Rating: 1.1

Randolph L. Guest

I have been invested with RealtyMogul…

I have been invested with RealtyMogul since 2019 with their so-called Income REIT fund that supposedly pays 6%; however, over this period the actual return is 3.5% (not counting the cost of money over time) which is lower than a high-yield savings account. And to add injury their NAV has gone down 7% in the last month (vs. other real estate platforms) with no communication, explanation, etc. This is a very poor investment and recommend STAY AWAY put your money in a savings account instead. Now I am trying to get my funds back. Will do a follow up!

Date of experience: May 09, 2024

Davina Powell Guest

3 years ago

This is a terrible investment

This is a terrible investment. Fees are high. Growth rates are mediocre. The worst part though, it could take up to 3 years to get your money out if you need it.

Date of experience: May 17, 2022

Haisley P. Guest

4 years ago

I do not recommend investing in Realty Mogul

I do not recommend investing in individual properties through this company. My experience has not been rewarding or good. It was supposed to be a 1-3 year hold and it’s been 4 years without any returns. So, basically, I’m losing money as the amount I invested is static. Each time I contact them I am told that they’re sorry, but they do not have any answers when or how much money I’ll get back. It’s entirely possible I’ll only get 80% of my funds returned. Take my advice and steer clear of Realty Mogul.UPDATE 12/30/2021The investment property (Texas apartments) was finally sold. The final result was an IRR of 4%. What follows is a note from RealtyMogul regarding the liquidation and disbursement. "Your distribution from the sale of XYZ Apartments has been processed and should be received in the next 3-5 business days. Due to the underperformance of the asset, the Sponsor elected to waive the interest owed on the member loan as well as their disposition fee. This distribution results in an IRR of 4.0% and an equity multiple of 1.19x."As we are all aware, inflation is higher than 4% and thus this was a money-losing investment. I'm glad to get my principal back, but I'm going to steer clear of RM in the future.