With rumors of a recovery in the housing market titillating would-be real-estate investors, could there have been a better time for the launch of Realty Mogul’s real estate crowd funding platform?
Realty Mogul helps accredited investors diversify through real estate. Investors who join Realty Mogul can review and choose from a number of different potential investments, from fix-and-flip residential properties to buy-and-hold commercial developments. The platform allows investors to buy shares in these pre-screened investments, with a minimum investment of $5,000. Investors can take care of all the legal paperwork while on the Realty Mogul website, as well.
Accredited investors, by the way, are individuals with more than $200,000 in annual income, or a net worth in excess of $1 million. Ultimately, Realty Mogul hopes to expand availability to non-accredited investors. TechCrunch’s reporting suggests a potential “mass affluent” category for those with incomes above $100,000.
Realty Mogul picked up $500,000 in financing from angel investors and successfully completed the Microsoft/TechStars Accelerator program. The company will be demoing their platform at FinovateSpring this May in San Francisco. Learn more about the event, and how to save your spot, at this link.