Realty Mogul has crossed $4 million in real estate crowdfunding transactions according to their statistics page. 20 properties have been funded in full or in part through Realty Mogul’s platform, and $384,000 has been returned to investors.
Realty Mogul is now operating in Washington, Texas, Tennessee, Kansas and California.
The Realty Mogul platform provides vetted opportunities for accredited investors seeking pooled investments in real estate. The company has partnered with private real estate companies to maintain deal flow.CFI
Sites like Realty Mogul stand to benefit greatly from news this week that the SEC is going to vote on proposed rules for equity crowdfunding, if they so choose to allow non-accredited investors to participate on their platform. Real estate is an asset that most everyone understands, and the backing of a tangible asset reduces risk for the investor when compared to startups and other types of small businesses. The cash flow real estate assets can provide may also be attractive to the crowd.
Realty Mogul CEO Jilliene Helman was recently interviewed by Inman News, and she gives a great breakdown of her platform and some of her expectations for crowdfunding in the future. Watch below…