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Updated almost 11 years ago on . Most recent reply
Realty Mogul
Has anyone used the company REALTY MOGUL for any hard money lending? I am very much a beginner and I am looking to roll a $20K IRA and get started small. (I realize the SDIRA fees may take quite a bite out of my returns at only $20K) Realty Mogul has minimum investments of $5K on many of their properties. Please comment on your experience and any logistics, special tax consequences, etc. that you think is relevant. thanks.
Most Popular Reply
@Carla Carvalho I haven't used them but I know the business model. It is very much legal and real. You have risk just like any other investment but they, and many other crowdfunding real estate sites (i.e. fundthatflip.com, patchofland.com, etc.), are riding the new opportunities that the JOBS Acts introduced.