Real estate investment platform Rich Uncles (BrixInvest LLC) was hit with a lawsuit this past week filed in the Superior Court of the State of California in Los Angeles. Rich Uncles uses non-listed REITs, typically using the Reg A+ securities exemption, to enable investors to… Read More
Rich Uncles, a real estate crowdfunding platform, is taking some heat from the Securities and Exchange Commission (SEC). According to a recent filing with the SEC, Rich Uncles is under investigation by the securities regulator. The investigation may result in significant legal expense too. According… Read More
Last month, California fintech company Rich Uncles announced the launch of its wealth management division. According to the company, new managing director of capital markets, Brad Watt, will be leading the recently-developed division. Rich Uncles revealed that Watt has decades of experience in providing real… Read More
Real estate crowdfunding has experienced rapid growth in the US. Yet most opportunities have been made available only to accredited investors. As securities laws are updated to accommodate the emerging innovation of internet finance traditional methods of funding real estate projects are being disrupted. At… Read More
Real Estate Crowdfunding platform Rich-Uncles has announced that it has purchased a Chase Bank building located in The Crossings shopping center of Antioch, CA. The purchase price was $3.78 million. Rich-Uncles states that it provides commercial real estate investment access to the “true Crowd” –… Read More
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