Realtymogul Reviews 55

I echo everyone else's complaints here. My money has been held hostage for more than five years. They must be struggling to get new investors, which means poor company leadership and failed performance.

Do not invest with these people!!!! I invested $5,000 in 2017 barely got any returns on my investment. Been trying for almost 2 yr now to pull my money out, since I’m over the 5 yrs requirement but they are nickel and diming me with a 5% limitation blah blah blah!!! This money may not seem like a lot to these thieves but it’s a lot to me! DO NOT GIVE THESE PEOPLE YOUR HARD EARNED MONEY!!

Stay away from realtymogul. I had invested $6k andd they were paying decent 6% returns. But now when i wanted to liquidate my investment (after being with them for 9 years), they are showing true colors. Saying every quarter, i can liquidate only $100+, i initiated liquidation on Oct 2023 and still this is going like a snail...

Stay away from investing in this business...

Good Luck if you can get your money back. i have been trying to get my money back after all these years. I have originally requested repurchase 3 years ago and after waiting quite some time they said one of the document is missing. Finally I completed all the necessary documents about 6 months ago and recently I only received %2 of my total investment. Terrible investment option

I invested $90,000 into the income REIT about 4 years ago and I have reinvested all dividends. I am now losing money - negative return and the fund is now illiquid. I requested 25% of my investment to be returned by share buy-back and they only sent me about $3800. It looks like I will be continuing to lose all of my money here, but it will take years until my account goes to zero.

Terrible company to invest in
Stay away!!
It takes years to get your principle back
Smooth talkers tell you about a convoluted system about how they are required to give your money back
Of course they don’t explain that when you invest
Was a terrible choice I made!

Looks like I have to give it one star...but i wish i could give it zero stars.....i invested 3 years ago, but i was losing money, so i decided to liquidate my account. according to them, they could only liquidate 25% a quarter, but in reality only liquidated 4%, which now will take me 5 or more years to get my money back after a bad investment. Stay away from this plate form.

Worst investment platform I’ve ever worked with- they make it impossible to transfer holdings to a trust, virtually impossible to get out of the fund and won’t issue distributions in check form. Run from these guys!

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!

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.

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 12/30/2021
The 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.