RealtyMogul Angeles

RealtyMogul Reviews

• K

  Khalil Saba
  1

  My advice to everyone is to read the fine print before investing with this company and make sure you understand how long it would take for you to close your account and get your initial deposit back. It is going to take me almost three years to get back my initial deposit of $5000. The company's response: it is all about FCC regulaitons and there's nothing that they could do about it....

  Response from the owner

  Hi Khalil! While you should view your investment in our shares as a long-term investment with limited liquidity, we have adopted a share repurchase program that is outlined in the Offering Circular whereby shareholders may request that we repurchase up to 25% of their shares quarterly while this offering is ongoing. (https://www.realtymogul.com/investment-options/the-apartment-growth-reit) In order to protect investors, the SEC requires limitations on repurchases for shares of non-traded REITs. Limitations are set in order to maintain sufficient sources of liquidity to satisfy share repurchase requests without impacting our ability to invest in commercial real estate assets and maximize investor returns. Due to these SEC regulations, there is a maximum amount of shares that we are able to repurchase in aggregate for all investors for the REIT each quarter. There are a series of no action letters from the SEC that define the repurchase limitations used by our counsel. Here is the one referencing the 5% limitation that we follow: https://www.sec.gov/divisions/marketreg/mr-noaction/orange090904.htm. Therefore, we limit the number of shares to be repurchased during any calendar year to 5.0% of the weighted average number of common shares outstanding during the prior calendar year (or 1.25% per quarter, with excess capacity carried over to later quarters in the calendar year). In the event that we are not able to honor your repurchase request in full in any quarter, such pending requests will be honored on a pro rata basis. Please let us know if there is anything else that we may assist with – we are happy to help.

• e

  elizabeth myers
  5

  I'm so curious why other people had a negative experience. I doubled my money in about 18 months (despite the original investment term expectation of 3-5 years. The opportunity arose to sell early so they did it.) I receive quarterly dividends regularly. The money is just deposited to my account and I receive an email notification. I'm very happy with the team. They reach out to me to answer questions or just check in on me regularly. And I get really nice cards and celebratory gifts from the properties I've invested in through Realty Mogul. I'm so sad if other people have not had this wonderful experience but I just couldn't be happier.

  Response from the owner

  Hi Elizabeth, Thank you for your kind words and sharing your positive experience. We love hearing that you are so happy and we truly appreciate you taking the time to write this wonderful review! Sincerely, RealtyMogul

• U

  Upendra Vora
  1

  Very bad experience. They tell you to wire the money before doing due diligence and verifying whatever they need. Most of the similar platforms would not go any further and not light up button to send money until they did all compliance. Invested in QOZ investment before end of year to meet deadline through an entity. Every time they asked to send the related entity documents we sent. We signed every document they send via DocuSign. Even at end I had my estate planning attorney of 18 years and Realty Mogul attorney and their compliance team person on line and compliance person informed everything OK now. They went to nth degree for KYC. Since I was frustrated about many hours of my time spent on their KYC prior work and on conference call, I started copying to CEO of Realty Mogul requesting to call me. I never received call from her. Instead I get next day email that since you did not cooperate (which is completely incorrect) we will refund your money. Even then I requested that this is QOZ investment, and please reconsider. I explained there is a lot of financial cost and tax cost for capital gain in 2021 and future tax free growth cost (because of QOZ) for the investment that I did spend a lot of time doing due diligence and approved this particular QOZ investment on their platform. Their staff is very difficult to get to talk and obviously now proven that not trustworthy. Even CEO does not care to return a phone call or reply an email . To date I have not received any response from CEO. There are a lot of other better platforms for people like me to find investment. Realty Mogul is my worst experience.

• G

  George MiamiFl
  5

  I am going to give it 5 stars because i have been with them for over 4 years and selected the montly and quarterly distributions which have been paid like clockwork in a timely manner. This year i even received a one time distribution in both of their reits. I am a little concerned about the repurchase program so i will try withdrawing a portion of my investment to se how long it takes. I will revise my 5 star rating if i feel the withdrawal process is not favorable to the investors

• M

  Mike Garner
  5

  Fairly confused by some of the reviews. Can't speak to their hiring/firing practices, but my experience as an investor has been good. I've had a number of successful exists all with 19-25% IRR, which is great. I have zero experience with their REITs, but all of the private placements I have been part of have done well.

• X

  XL Zhao
  2

  its yield is good (4-6%), but when I want to repurchase my investment, it took me years to get it in full amount, even I started the process after 3 years from the start of my investment. It is very suspicious to me if they delay the repurchase.

  Response from the owner

  Hi XL Zhao! We were able to review your account and confirm that there was not a delay in your Share Repurchase Request. In order to protect investors, the SEC requires limitations on repurchases for shares of non-traded REITs. Limitations are set in order to maintain sufficient sources of liquidity to satisfy share repurchase requests without impacting our ability to invest in commercial real estate assets and maximize investor returns. While you should view your investment in our shares as a long-term investment with limited liquidity, we have adopted a share repurchase program that is outlined in the Offering Circular (https://www.realtymogul.com/investment-options/the-apartment-growth-reit). Please let us know if there is anything else that we can assist with – we are happy to help.

• R

  Rob Harrison
  1

  I invested in a property 4 years ago and have not received any returns. It was listed as a 1-3 year hold before it was to be flipped for a profit. It all looked so good on paper but it comes down to the fine print. I have been told that I may not get all of my funds back either. I’d be happy if I received 80% of my principal back at this point. Do yourself a favor and steer clear of Realty Mogul.

• V

  Vlad Margulis
  1

  Don't do it. Very high fees. The most illiquid investment you'll make. It takes years to get your money out.

  Response from the owner

  Hi Vlad! Unlike some public non-traded REIT offerings, RealtyMogul has direct access to its investors through its online portal. As a result, the Income REIT and Apartment Growth REIT do not pay broker-dealers any selling commissions, which may average between seven to eight percent of the invested dollars. Therefore, the Income REIT and Apartment Growth REIT offerings actually have lower fees than some of the other REIT offerings available today in the market. Additionally, in order to protect investors, the SEC requires limitations on repurchases for shares of non-traded REITs. Limitations are set in order to maintain sufficient sources of liquidity to satisfy share repurchase requests without impacting our ability to invest in commercial real estate assets and maximize investor returns. While you should view your investment in our shares as a long-term investment with limited liquidity, we have adopted a share repurchase program that is outlined in the Offering Circular (https://www.realtymogul.com/investment-options/the-apartment-growth-reit). Please let us know if there is anything else that we may assist with – we are happy to help.

• J

  Jeff Robbins
  5

  Well managed real estate portfolios with a conservative and heavy vetting approach to minimize risk on return. Great communication on what you are investing into beforehand and through the investment period. Commenter who left low review of not being able to redraw money for one year: it is in the investment overview provided before you invest. Have to read and know what you are getting into.

• M

  Micah Chong
  1

  Dont spend your money with reality mogul you will not get it back....it will be held hostage ..Dont expect that you will receive your money within 3months or even a year when closings your investment out...it can take up to 2years to receive your investment back...When you close out your investment...there is many policies in place to hold your money up to two years to receive investment back they give you back repurchase shares in small portion quarterly read fine print no where is there any info on where it says that when closings out a investment you receive your funds according to how much shares realty mogul re purchases per quarter which can hold your investment when closings it out for years later....dont trap your money