Realtymogul Reviews 55

It was great when it started, payout was 8% apy paid monthly. After 3yrs or so it started decreasing % payout, that was ok to preserve nav. Went severely downhill and has not recovered. In the process of liquidating funds, not easy. Having funds in for short term i can understand not having liquidity. RM does have statements declaring this, but after having funds for 6+ years and not having liquidity is disappointing. Feel like im tied to a sinking ship. I have been using the income reit. I suppose the big money individual accounts for specific properties are better. Stay away from the income and growth funds til they fix themselves.

They recently paused all redemptions, leading me to believe they are headed towards insolvency. Stay away!

Realty mogul is NOT allowing me to get my money back and do a scheduled share repurchase despite me submitting request and got accepted for share repurchase a few months earlier. This is ridiculous that I can't get my money back that I had let them have for the past 3 years!!!

Things were decent in the beginning, when I started in 2018 and 2019. The NAV on the account increased, and I got a decent distributions, about 6%. But then, after Covid, NAV flatlined and decreased a little bit. Which was fine, as that's to be expected.

I then decided to put my money elsewhere, mostly because I liked another opportunity better. Here's where the problems began....

They have a policy where they will only liquidate (buy-back) 25% of your account balance per quarter. Which was only a bit frustrating at the time. The problem is that this is 25% of the balance at the time......and here's what that means:

Let's say you have $10k in there. That means the first distribution is $2500. But then next time, it's 25% of $7500 ($1875), and then 25% of $5625 ($1406). And so your buyback/liquidation just starts stretching out further and further, because the distribution is less and less each time. I started this in 2022, and 4 years later, I'm still trying to get my money out. Per this constantly decreasing rate, it will STILL take me another 9 months to get below the $1k point where they will just FINALLY liquidate things.

To make matters worse, they are now pausing liquidations/buy-backs completely - so who knows when I'll get my money back now. NAV has also fallen from $11 a share, to nearly $7. Wishing I never signed up with them.

Extremely frustrating - and clearly other people aren't liking it that they've had to pause liquidations entirely. Maybe I shouldn't be writing this review, because they will need new capital to come in - in order to let others out. But whatever, trying to put out a warning here for good karma.

I invested in both the Apartment Growth REIT and Income REIT through RealtyMogul beginning in 2022. One of the major concerns I now have is liquidity and communication with investors.

I submitted a repurchase request in January 2026 and expected an update after Q1, but received no communication. Then the repurchase program was suspended. I still have not received clear written guidance regarding the status of my request or timeline for potential liquidity.

Investors considering non-traded REITs should understand that the posted NAV and actual ability to access your money are two very different things. These investments can become effectively illiquid during market stress, even after holding periods have passed.

Do not invest with them! If I had to do it over again, I would run away from Realty Mogul.

As of May 2026, RealtyMogul has stopped processing redemption requests for their private REITs. Even before then, half of the quarterly redemption payments were not processed, and nobody will respond to your customer service inquiries. That's a common theme--you just won't receive answers from these dishonest people.
RealtyMogul is a terrible company with clever marketing. They advertise liquidity and 25% receptions per quarter, but that has been closer to 12 or 13%. With that, along with skipping some quarters, it would take you 5-10 years to get your money back. With the recent announcement, I have serious concerns RealtyMogul will just take the remaining money, thanks to shady contract language. Despite the appearance of investor protections, RealtyMogul states in all contracts that fund managers may revise any part of the contract without notice. Thanks to their lawyers, they're getting good at theft!
Additionally, RealtyMogul deleted a bunch of Google reviews and changed their location to a random house in Indiana. This is such a shady company and has zero concern for investors.

This has proven to be a terrible investment. The share price kept falling. I requested share repurchase and have just been informed that the share repurchase program has been shut down. I cannot even get to what little bit of money I have left in there.

Been invested with them since 2018....$170000 in REIT ll, $28, 000 of it went into a Roth IRA.
I have lost almost 30% of my investment, this was because of share price going down and I have been able to redeem only part of my investments presently they still hold from me nearly $50,000 which I cannot get now. I think this firm needs to be looked into to find out if they are doing business legitimately we need to organize a class action lawsuit to have them looked into carefully because we are promised things that they never delivered on.

Do not invest with these folks! They have taken my money completely at this point. Unless you have money to just give away, I would stay away from these idiots!

Is there any way we can get a class action going. There seems to be a lot of unhappy investors

Just terrible. Like all other reviews are saying, return was low and now the NAV keeps dropping. I've requested dispersement over 2 years ago and I've gotten maybe 20% so far. This is looking more and more like a Ponzi scheme...

I started investing with them in 2018. I put a significant amount of money and they were doing good with consistent 8% and 6% returns. Then eventually, I started the repurchase request, two things happened. 1) you don't get to take all or 90% of the money out. It is based on quarterly and approved by the board on how many stocks will be repurchased. I still have good amount of shares left. 2) NAV keep dropping, as my repurchase kept progressing, NAV kept dropping.

I will not recommend this company or investment type to anyone. Now they have completely stopped the repurchase program and no distributions at all.

like others said it is the worst. i think at this point a class action is the way to go to get our capital money back. being an investor since 2019 and i can't sell those shares. my capital is hostage in their platform. ridiculous. look like a scam.

URGENT message to all who invested in both apartment income and apartment growth reit. They have now suspended all distributions and all repurchase requests. I just got a letter on both of these and it clearly states it’s unlikely they ever have any more distributions again.

Not sure if this is fraudulent or gross incompetence. They take a fee on every reinvestment, and the NAV keeps decreasing. Now they have suspended all withdrawal requests.
Avoid. Avoid. Avoid.
There are much better ways to invest in REITS.

The income REIT is an unmitigated disaster as investments go. Just received notice that the share repurchase program has been
suspended. I’ve been trying to get my money back for years. The reason they are being overwhelmed by repurchase requests is that this is a dogshit investment. Run, don’t walk away from these idiots.

Junk grade investment. Zero customer service. Original investment was sold for $10/share and 6% interest. Now the NAV tactfully keeps dropping and so does the interest rate. So when you withdraw, you put in $100, you get back $70. 6% interest has now dropped to 3%. Distributions have dropped from monthly to quarterly. Endless multi year redemption process. Companies like this should be investigated. Customer service doesnt care to respond. Its a sinking ship. Stay away.

Been with them since 2018 was ok to start then they dropped the rate returns and the value per share dropped 25%. Now I requested my money back and it’s been 2 years and only received a small percentage. I looked today and they have stopped sending any distributions out. I bet the crooks running this are sucking out tons of cash. A bunch of thieves.

I invested $50k in the Income and Apartment REITs. Not only did I lose $10K of my principal value, but I also received almost nothing for interest/dividends. They are not transparent in their operations and give virtually no good reasons for all this to happen. I've been trying to get my money out and receiving a measly $50-$100 per quarter. That's a joke! This is essentially fraud! I wish the CFPB would do something about this!

I used to enjoy seeing regular distributions...many years ago. I put about $40k into their REITs. It's been less enjoyable watching my principal atrophy in their capital prison, from which I might get an occasional depreciated pittance returned to me via my 2-yr-old liquidation request. This platform has been a deep disappointment and source of anxiety. Poorly run "investment" "company" and my only comfort is knowing I can't lose more with them than I already have. I figure at this point whatever is still trapped with them will result in a 100% bankruptcy loss.