In-Depth Real Estate Investing Reviews· Updated May 5, 2026
RealtyMogul is one of the original real estate crowdfunding platforms, offering REITs and private placements to both accredited and non-accredited investors — but the $5,000 minimum and complex fees make it less accessible than newer alternatives.
Investment Quality Score
The Bottom Line
RealtyMogul is a credible, established option for investors who want exposure to commercial real estate REITs. The $5,000 minimum, multi-tier fees, and 3-year minimum hold for redemption make it best for buy-and-hold investors with mid-sized portfolios.
Pros & Cons
Long track record
Founded in 2012, RealtyMogul is one of the original real estate crowdfunding platforms. The company has publicly reported deploying more than $1 billion of investor capital across hundreds of properties since founding.
Real commercial REIT exposure
MogulREIT I (Income) and MogulREIT II (Apartment Growth) give non-accredited investors exposure to institutional-quality commercial real estate — multifamily, office, retail, industrial.
Monthly Income REIT distributions
MogulREIT I pays distributions monthly — more frequent than most peer REIT platforms — and has historically targeted 6–8% annualized distribution yield.
Penalty-free redemption after 3 years
Both MogulREITs offer a quarterly share repurchase program. After 3 years held, investors can redeem at full NAV (subject to availability).
$5,000 REIT minimum
RealtyMogul's REIT minimum is 50x Lofty's and 500x Fundrise's. The high minimum makes it harder to test the platform or diversify without committing real capital.
💡 Investment Tip: If you have under $25,000 to deploy, consider lower-minimum platforms first.
Complex, layered fees
RealtyMogul charges a 1–1.25% asset management fee plus organization, offering, and acquisition fees that vary by product. Private placements add sponsor-level fees on top.
💡 Investment Tip: Read each offering's full fee disclosure carefully — small fee differences compound dramatically over a multi-year hold.
Early redemption discounts
Redemption requests in years 1–2 are discounted (typically 2–4% off NAV) and not guaranteed if there's insufficient liquidity in the share repurchase program.
💡 Investment Tip: Treat RealtyMogul capital as illiquid for at least 3 years before investing.
Most deals are accredited-only
Only the two MogulREITs are open to non-accredited investors. Individual private placements and 1031 exchange deals require accredited status.
💡 Investment Tip: Confirm accreditation status before assuming you can access the deal lineup you saw advertised.
The Basics
RealtyMogul is one of the longest-running real estate crowdfunding platforms in the U.S., founded in 2012 by Jilliene Helman. It offers two non-traded REITs (MogulREIT I focused on income, MogulREIT II focused on apartment growth) and private placements in individual commercial real estate deals. The company has publicly reported deploying more than $1 billion of investor capital across hundreds of properties.
Two non-traded REITs (MogulREIT I — Income, MogulREIT II — Apartment Growth) plus individual private placements and 1031 exchange opportunities. Investors own fund shares for the REITs and direct equity stakes for private placements.
MogulREITs are open to non-accredited and accredited U.S. investors. Private placements and 1031 exchange offerings are restricted to accredited investors only.
RealtyMogul sources commercial real estate deals nationwide and underwrites each through its real estate team. Private placements feature a partnered sponsor, with RealtyMogul vetting sponsor track record, business plan, and offering terms.
Founded in 2012, RealtyMogul has reported deploying more than $1 billion of investor capital across hundreds of properties. It is one of the most established names in U.S. real estate crowdfunding.
Ease of Use
MogulREIT I (income-focused, monthly distributions), MogulREIT II (apartment growth, quarterly distributions), and individual private placements (accredited only, 5+ year holds, higher minimums).
Properties are spread across the U.S. with concentration in growth metros — Texas, Florida, Georgia, the Carolinas, Tennessee, Arizona, and select coastal cities. Each deal's location is disclosed in the offering documents.
$5,000 minimum for both MogulREITs. Private placements range from $25,000 to $50,000 or higher. 1031 exchange offerings start at $25,000.
RealtyMogul publishes detailed offering memorandums, sponsor profiles, and quarterly fund-level performance reports. Audited annual reports and semi-annual updates are released for each fund.
Sign up at realtymogul.com, complete identity (and accreditation, if applicable) verification, fund the account via ACH or wire, and invest in any open offering. REIT investments process within a few business days; private placements close on the offering's close date.
Earning Potential
MogulREIT I targets 6–8% annualized distributions with limited NAV appreciation. MogulREIT II targets growth (apartment value appreciation) with smaller current distributions. Private placements target higher IRRs (often 12–18%) but carry deal-specific risk and longer holds.
MogulREIT I pays distributions monthly. MogulREIT II pays quarterly. Private placements vary by deal — typically quarterly cash flow distributions plus a capital event distribution at sale.
RealtyMogul charges 1–1.25% asset management on REITs plus organization, offering, and acquisition fees that vary by deal. Private placements layer sponsor fees (acquisition, asset management, disposition) on top. Investors should read each deal's full fee schedule.
“RealtyMogul's 6–8% targeted MogulREIT I yield is competitive — but layered fees and a 3-year minimum hold for full redemption mean total investor return depends heavily on deal-by-deal due diligence.”
Investment Liquidity
Both MogulREITs offer a quarterly share repurchase program. After 3 years held, redemption is at full NAV, subject to availability. Private placements typically run 5+ years with no early-exit option.
REIT redemption requests in years 1–2 are typically discounted by 2–4% off NAV. Redemption is not guaranteed if there is insufficient liquidity in the share repurchase program. Private placements have no formal early-exit option.
RealtyMogul gives some redemption flexibility on its REITs but maintains substantial control over investor capital, especially in stressed markets.
“RealtyMogul's quarterly REIT redemption is more flexible than CrowdStreet's no-secondary-market policy — but materially less flexible than Lofty's open 24/7 exchange.”
The Final Verdict
RealtyMogul is a credible, well-established option for mid-sized investors who want exposure to commercial real estate REITs with monthly distributions and the option of accredited-only private placements. The trade-offs are real: a $5,000 minimum that limits diversification, layered fees, and a 3-year minimum hold for penalty-free redemption mean RealtyMogul rewards committed buy-and-hold investors. Investors with smaller capital, those wanting daily payouts or a 24/7 exchange, or those focused on direct property-level ownership will find better fit elsewhere.
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Extras
MogulREIT I targets income (multifamily, retail, office) with monthly distributions. MogulREIT II targets apartment value growth with quarterly distributions. Both are open to non-accredited investors with a $5,000 minimum.
RealtyMogul offers 1031 exchange-eligible deals for accredited investors looking to defer capital gains tax on real estate sales — a useful niche feature compared with most crowdfunding peers.
Reach RealtyMogul through the in-app messaging system or by emailing investor support listed on realtymogul.com.
Frequently Asked Questions
Yes. Founded in 2012, RealtyMogul is one of the original U.S. real estate crowdfunding platforms. The company has publicly reported deploying more than $1 billion of investor capital across hundreds of properties.
$5,000 for both MogulREIT I (Income) and MogulREIT II (Apartment Growth). Private placements typically start at $25,000–$50,000 and require accredited status.
Yes, but only via the two MogulREITs. Individual private placements and 1031 exchange offerings are restricted to accredited investors.
MogulREIT I targets 6–8% annualized distributions. MogulREIT II focuses on apartment value growth. Private placements typically target 12–18% IRRs over multi-year holds — but carry deal-specific risk.
Both MogulREITs offer quarterly share repurchases. Redemptions in years 1–2 are typically discounted from NAV; year 3+ redemptions are at full NAV, subject to availability. Private placements have no early-exit option.
Lofty is one of the most flexible ways to invest in real estate.
Enjoy $50 minimums, daily rent payouts, no lock-up periods, and a 24/7 exchange for buying and selling shares.