6 Steps to Crowdinvesting with RealtyMogul.com
If you’re browsing our site and thinking about joining Realty Mogul, or even if you’re a new member who just joined, take a moment to review these six steps to getting started. They’ll give you a great understanding about what to expect from Realty Mogul and exactly how our crowdinvesting platform works.
If you haven’t already, you’ll first want to request to join Realty Mogul on our website. It’s a simple process that should only take a few minutes. Due to SEC regulations, our investments are currently only available to accredited investors. That means when you sign up, you’ll be asked a few standard questions about your financial means. If you then qualify as an accredited investor, you’ll be able to access our platform. You should also expect to subsequently receive a call from someone in our investor relations department who will ask if you have any questions and will further inquire as to your accreditation status.
After you join, depending on how you found out about Realty Mogul, you’ll be subject to a “cooling off” period that the SEC advises to be in place. This just means that a certain amount of time needs to pass before you’re allowed to finalize and fund an investment. In the meantime, you can browse the properties visible to you on our platform. These are generally either debt deals (where you would be crowdfunding a loan) or equity deals (where you would be crowdinvesting in a property). Available property types for real estate investment opportunities include commercial retail, multifamily, storage units, mobile home parks, and more.
Once you have passed through your cooling off period, now comes the fun part: finding an opportunity you want to invest in. No matter what your real estate investment interests, you’ll find a good mix of properties available to you on Realty Mogul. When you find one you want to invest in, you can either commit funds if the opportunity is open for funding, or you can “Pledge” -- express your interest in investing -- if the property is not yet open to fund. Pledging is essentially just a way of saving your place in line (it’s non-binding). Some of our properties fund very quickly – as fast as twenty minutes – so pledging can be smart as those investors who have first pledged are then offered a chance to invest on a first-come-first-served basis.
Before you finalize an investment, we highly suggest that you attend a sponsor webinar for a property you are interested in. Sponsors are basically the managing investment partners in equity deals who have decided to host their investment opportunity on our platform. The webinar is your chance to do due diligence and learn about the investment in more detail and ask any questions you might have. These webinars can be very insightful and will help you arrive at a better-informed decision.
Congratulations! You’ve completed the first four steps and are now ready to make your investment. The process of investing is actually incredibly simple. All you have to do is log into RealtyMogul.com and click “I’m Ready to Invest” on the property you want to invest in. Enter in the amount you want to invest and then simply confirm or answer a few basic questions. Upon submission, your electronic documents will be generated for your review and signature. Once you sign your electronic documents, you’ll submit your payment information (either ACH or, for larger investments, wire transfer). First-time investors will be asked for final accreditation from a CPA or attorney, and then… that’s it! You’re done! Repeat investments can be made in a matter of minutes.
Now that you’ve finalized your investment, you’ll want to monitor and keep track of its performance. You can view all of your investment activity history on your Dashboard within RealtyMogul.com. There you’ll also have access to transaction history, account statements, tax documents, and more. Depending on the performance of your investment, you’ll then start receiving monthly or quarterly distributions. After investing once, most of our investors enjoy the process and platform so much that they continue investing in multiple opportunities. So if you haven’t already, take a few minutes and join Realty Mogul now. We’d be happy to have you!