Gold Retired

What is Rocket Dollar? | Reviews & Complaints to be Found?

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Today we will look at the Rocket Dollar reviews from consumer protection agencies. What is Rocket Dollar? They are an IRA custodian company that specializes mainly in investment opportunities for individual retirement accounts. Let´s look into this new company in the industry!

Company: Rocket Dollarwhat is rocket dollar

Website: www.rocketdollar.com

Founder: Henry Yoshida

Price: $360 Setup fee +$15 per month

Who is it for?: Self-directed investors, retirees

Overall rating: 3.8 out of 5 stars (3.8 / 5)

Warning!

There are many scammers who will trick you into giving them your hard-earned cash. 

They employ high-pressure sales techniques like calling you every day. 

To avoid this, please do your own research before you decide what firm to invest with. 

You can do this by checking the reviews and ratings independent 3rd party consumer protection agencies give them.

To discover which IRA investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the top-5 lists of our Self-Directed IRA Dealers.

With that being said, let´s continue with the review on Rocket Dollar!

What is Rocket Dollar?

The company started in 2018 as a fairly new investment platform that positions itself as a low-cost platform for self-directed investors. They are there to ensure that their clients get all the help they need whenever they want to set up a Self-directed IRA or Solo 401k investment plan. The IRA or individual retirement account exists under a trust that holds investment assets acquired with an individual’s earned income for their eventual benefit in old age. The taxpayer is allowed by an IRA account to save their retirement benefits on a tax-deferred basis. 

rocketdollar reviews

Address of the company: 2028 East Ben White Boulevard Suite 240-4010 Austin, TX 78741

How Does Rocket Dollar Work?

Opening an account through Rocket Dollar is pretty simple. A client signs up online, after which he/she signs the required documents, then funds their investments. Once a client funds an investment plan, they can start buying any legal investment. It may seem simplistic, but a deeper review of the factors involved assists the understanding of the complexity of the work put into Rocket Dollar as well as how easy it is to go wrong.

By opening an account through Rocket Dollar, an individual also opens a limited liability company. This company is opened under the ownership of the client’s account. The funds used in investments and the returns go through the LLC’s checkbook since one cannot combine personal funds and investment funds.

The LLC’s control of an individual’s investments account is meant to assist in staying compliant with set laws concerning self-directed investments. However, the account holder should note that they still have to apply caution when buying and selling assets. Rocket Dollar emphasizes that it is illegal to “self-deal” or buy or sell assets you or your business own. Due to this reason, Rocket Dollar offers to help fill the form 5500 for a client whenever it’s required as part of the client’s customer service.

What products do they offer?

Self-directed retirement accounts

is rocket dollar a scam

Rocket Dollar facilitates the operation of self-managed retirement accounts by handling back-office documentation and connecting its users with prospecting investment partners. The platform offers self-directed IRAs and solo 401(k) accounts. Like retirement accounts, a Rocket Dollar user’s investment can save a huge amount of money in tax savings with high-yielding investments. 

The self-directed retirement account offers investors a broad universe of IRS-approved investments.

The investments opportunities available to Rocket Dollar clients include:

With Rocket Dollars, a client can invest in options that are not on the platform through the “Bring Your Deal (BYOD)” provision, which turns an unlisted option into an investable opportunity. 

As a client, one gains a wide selection of investment options to choose from whenever one needs to invest. With your hard-earned dollars positioned correctly, you will be at peace, knowing you will not lose it all in a moment. Even with the current economic and political scenario’s complexity of existing risks, you will still reap the benefits of your investment in your assets many years later. 

**Also read:

Gold in war (hedge against inflation)

How to protect your 401(k) from a market crash

How to get started?

The company’s excellent customer service makes starting an investment plan with them fairly simple. However, it is advisable for you to start by accessing their website and reviewing the different products they offer. On the website, you will also get a free guide that can provide you with more information concerning IRA plan investment and factors to keep in mind when investing. The guide is considerably helpful to investors looking to open a self-directed IRA account for their retirement. 

This will also provide some background into the company their history. Staying informed will assist you as a client in assessing the viability as well as the security of the intended investment. Should you prefer their services, the next step should be to contact the company through one of the various options given on their website.

A customer support specialist will get in touch with you and provide you with the guidance that you need to open a self-directed IRA or a Solo 401k account. They will also assist you through the investment process.

Whom Are Rocket Dollar’s Partners?

With Rocket Dollar, you can invest in almost anything with the self-directed IRA. The company has several online investment partners that assist when investing in the various options listed above. However, you should not take my word for this; it’s advisable to do your research on these companies.

The point to note is that, even if the partners are not impressive to you, with a self-directed IRA, you have the option to invest and set up accounts in the name of your IRA or Solo 401k, even when they don’t partner with Rocket Dollar.

What Are Rocket Dollar’s Fees?Gold Retired

Each account requires a $360 setup fee and an additional $15/month maintenance fee in Rocket Dollars’ silver option. Considering your account balance, this can be a preferable deal. Any additional fees incurred are included alongside these fees charged by Rocket Dollar.

Rocket Dollar has a Rocket Dollar Gold option for an expedited funding option. This option requires a $600 fee and a $30/monthly maintenance fee for people in need of support closing a deal quickly.

Comparing these fees with the free solo 401k plans by the major brokerage firms, they come out as expensive. However, this option allows you to control and invest in a greater variety of options.

How Do They Compare?

Rocket Dollar isn’t the only company in this trade. When looking for a Solo 401k or a Self-Directed IRA, the options are not limited to just a few companies, there are plenty of alternatives out there.

**On this page you can see our top-6 list of Self-Directed IRA Custodians.

However, here’s how Rocket Dollar compares to a couple of them (see more from link above):

                                 RocketDollar      ALTO           My Solo 401k Financial

Setup Fee:           $360                           $49                  $425

Annual Fee:          $180                           Up to $499    $125

Plan Types:           IRA & 401k               IRA                   IRA & 401k

What can we make out of these results?

This shows the slightly higher overall fees for Rocket Dollar; however, the effect it has on the company’s success, we are yet to see; as the company is fairly young, there haven’t been a lot of customer responses and reactions to derive from. 

How good is their support?

The Rocket Dollar platform is a self-directed IRA and solo 401k provider. It bases its operation on keeping its plan easy to set up and manage. This ensures clients can focus on other demands. They have excellent customer service, which makes their support great.

Is Rocket Dollar a Scam?Gold Retired

So, is Rocket Dollar a scam? No. The company is not a scam but a legitimate IRA investment company. They have real owners documented on their website as well as a real physical address. However, the company is still fairly young, so we are yet to know how well it develops.

Though it is a young company, it has the advantage of numerous alternative investment opportunities, so if you are experienced as a trader, the company will provide the universe of options you need as long as the high fees don’t scare you.

Rocket Dollar Reviews & complaints

One of the best way to research a company is, without a doubt, to look at reviews of the particular company, in this case, Rocket Dollar. However, we do not like to just look at “any” review but we focus mainly on the most well-knwon and trusted independent third-party consumer protection agencies. The reason why we look at those places and put the most weight on that is because only real customers of a product or service can leave their testimonials there.

Below are the reviews on Rocket Dollar:

BBB (Better Business Bureau)Gold Retired

Rating: N/A

Trustpilot

Rating: N/A

BCA

Rating: N/A

Trustlink

Rating: N/A

Yelp

Rating: N/A

As you clearly can see above we didn´t find anything on the most well-known and trusted consumer watchdogs… Again, Rocket Dollar is a very young company so that might be the reason for it.

Rocket Dollars PROS
  • Self-directed IRA or Solo 401k easy setup
  • Alternatives investment options in an IRA
  • An expedited setup option great for those with urgency
CONS
  • Slightly higher than average annual fees

Do you own or represent this company? 

Are you the owner or a representative of Rocket Dollar? Would you be interested in clarifying any of the details we have provided above or adding some details concerning the review? Any information will be added to ensure IRA prospecting investors get the best image of your platform. 

The quickest and easiest method to get in touch with us is to post a note in the comments section below or to send us an email at the following address: contact@goldretired.com.

Final words & Verdict

Verdict: Legit

Overall rating: 3.8 out of 5 stars (3.8 / 5)

Rocket Dollar makes it cheap and easy to invest retirement funds in alternatives. For an experienced person, this is a compelling opportunity. I would be reluctant to invest my retirement dollars in alternative investing. The company is still too young to predict its future capabilities.

For now, I would think it wise to wait until that platform has established a track record of successful investing outcomes. An alternative investment is a risky trade that depends on the prowess of the individuals involved. This is not a trait one can judge on impulse; it requires actual scenarios of triumph over the challenges in the business world to make what I would call “an informed decision.”

As of now, I give the platform a rating of 3.8 out of 5 stars. However, this may change to a higher or a lower index in due time as we update our reviews on this site as soon as new trends come up on the platform.

Recommendation + resourcesGold Retired

Please make sure to due your due diligence and ALWAYS compare different alternatives before you make any decisions to move forward with your investment. You are a smart person, I know that because you clearly understand the consept of doing your own research, you wouldn´t have read this far otherwise, right? So I am absolutely sure that you will find the company that suits your particular needs the best, and that you feel comfortable doing business with!

I hope you found this short review to be helpful and that you now got a better idea on what Rocket Dollar is and if it is something for you or not. We didn´t find any reviews from the consumer watchdog sites, so if you have experience yourself with this company then please share it in the comment section below as it can help others!

I wish you success!

Glanz, investor and team member at Gold Retired

Can Foreigners Buy Property in The United States? Legally?

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Can foreigners buy property in the United States?

Can foreigners buy property in the United States? What are the steps that they should follow if that is allowed? Is it easy to get started? If you have been thinking about how you will put some of your hard-earned money into property in the US, then this article will take you through what you need to know and give you the answers to the questions above. If that sounds interesting to you, then sit tight till the end to discover more.

P.S.Gold Retired
See my top-recommended Gold and Silver IRA solutions

Introduction

In a nutshell, foreigners can acquire property in the United States with comparatively few restrictions. Purchasing a home as a foreigner or non-resident in the United States, on the other hand, may bring a few distinct hurdles to purchasing a home as a US citizen. The first obstacle may be obtaining finance for the purchase since lenders are generally hesitant to lend to foreign buyers. Second, some property types may not be as appropriate for foreign buyers as they are for domestic ones.

Finally, if you own property in the United States as a foreign or non-resident, you should be aware of the potential tax ramifications. This article will teach you everything you need to know about buying a dream house or an investment property in the United States.

What kind of property can a foreigner purchase in the United States?

You might be asking if foreigners can buy a home in the United States, or even if foreigners can buy investment property in the United States. The good news is that foreigners buying property in the United States have no legal obstacles. As a full-time resident of the United States, a Green Card holder, a non-resident investor, or as a vacation home, you can purchase real estate.

Foreigners can purchase single-family homes, condominium units, and commercial real estate. The only common roadblock individuals can face is if they want to join a housing cooperative.
When you purchase a house through a housing cooperative — sometimes referred to as a co-op — you are purchasing a share in the cooperative that owns the condo building, rather than the property itself.

What is realtymogul.com? A Reliable Platform or A Scam?

What are the rules for foreigners purchasing real estate in the United States?Gold Retired

There are no legal limits on foreigners purchasing property in the United States. The biggest challenge that many foreigners may face is money. If you’re a non-resident looking to buy an investment property in the United States, it’s probably best if you can pay cash because getting a local mortgage can be difficult if you don’t have any local credit history.

As a foreigner or non-resident, getting a local mortgage isn’t impossible, but you’ll likely pay higher interest and be required to put down a large down payment. If you are a permanent or long-term resident of the United States, or if you are a refugee or have been given asylum status, you may be eligible for a Federal Housing Administration (FHA) housing loan.

When compared to private lenders, the FHA may typically give better terms and rates to qualified buyers. Co-ops may be less expensive than other types of housing, but they’re usually only meant to be used as primary residences and aren’t suitable as investment properties.

When buying a home in America, what paperwork will you need?

When you buy a home in the United States, you’ll need to present paperwork to support your purchase, and you’ll also need documents to support your loan application if you’re receiving a mortgage or other type of home finance. Although each scenario is unique, here are some of the most frequent documents you’ll need to provide:

1. Proof of identity

Your passport, Green Card, visa, and other identification, such as your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), can all be used as  (ITIN) proof of identity.

2. Proof of affordability

In order to assess the loan’s affordability, a lender will need to see proof of any outstanding loans or debts.

3. Proof of address and residency status

You’ll normally need to show where you live with a driver’s license or other official documentation, and you may also need to show your legal residency status if you plan to live on the property.

4. Proof of income

In order to secure a mortgage, you’ll need to show that you can afford to make the payments. Pay stubs and tax returns are examples of this.

Real Estate Investing in Central and South America? – See This!

How to purchase a home in the United States as a foreigner: a step-by-step guide

Secure funding

The first step in buying a property is determining how much you can afford and creating a budget. This could entail getting a home loan in the United States or in your native country, refinancing a property you already own overseas to free up cash, or using your savings.

If you are applying for a mortgage in the United States but are not a resident, be aware that the procedure can take time and that the options and terms offered to you may not be as good as those available to residents. Remember to account for closing expenses and any applicable taxes, as well as the continuing expenditures of maintaining your property as a home or an investment.

Locate a real estate agent and begin your home search

The next logical step will be to begin looking for your ideal home. You can do some research on property websites, but using a trusted real estate agent to guide your search will provide you with the finest service and support.

The fees of hiring a realtor are frequently covered by the property’s seller, and a good agent can guide you through the process of making and completing an offer, as well as narrowing down your search to the most suitable properties.

Real estate brokers often operate in certain locations, so you’ll need to discover someone who specializes in the area where you want to buy. Getting referrals from relatives and friends in the area can help you find a fantastic agent.

Agree on a price

Once you’ve discovered the perfect home, you’ll need to work with your agent to draft an offer and get the sellers to agree to the sale price and terms. At this point, it’s typical to make an earnest money deposit, which is a modest portion of the sale price, to demonstrate your intentions. If you go through with the sale, the deposit will be applied to your closing expenses or downpayment, but if you agree to the sale and then back out, you may lose the money.

Your agent will guide you through this process, but it’s a good idea to include an appraisal or inspection contingency in your offer.

These clauses will allow you more flexibility if your home inspection or appraisal reveals problems, and they may result in a refund of your deposit if you are forced to quit the sale due to major problems revealed by these pre-closing tests.

Carry out your due diligence checks

You’ll need to conduct reasonable due diligence checks once you’ve secured the property in principle. Some of them may be required by your mortgage lender, but even if you’re buying with cash, it’s a good idea to inspect the house extensively before making an offer. A house inspection and appraisal are examples of checks; discuss which checks are appropriate for the sort of property you’re buying with your agent.

Close your account and pay your expenses

You’re almost done. If you’re getting a loan, your lender will let you know the charges and payment plan a few days before the closing date. During a closing meeting, you’ll need to pay all applicable fees, taxes, and your down payment. Congratulations on becoming a homeowner once all of this is completed.

More Interesting Reads for you:

What Are the Main Benefits of Investing in Gold? (Must Read)
Investing in Gold for Beginners | Basics & Valuable Tips
Is it Worth Investing in Gold Sovereigns? | a Bad Move?

Frequently Asked Questions on “Can foreigners buy property in the United States?”faq

1. What are the closing costs in the United States?

Most buyers are also liable for other charges such as loan origination fees, appraisal fees, title search, and insurance, legal recording fees, and so on, in addition to the down payment.

2. As a foreigner, am I able to obtain a mortgage in the United States?

Yes. Non-US citizens, including non-immigrant visa holders and non-resident foreign nationals, can get a mortgage in the United States with or without a credit history in the country.

3. If I am a non-resident buyer, do I have to fly to the United States for the closing?

No, it isn’t required. You’ll need a Power of Attorney if you don’t want to or can’t attend your closing. This crucial document authorizes a third party to represent and sign for the buyer at the closing.

4. Is it possible to obtain a green card or residency in the United States if I purchase real estate in the country?

You cannot obtain a green card or any other immigration benefits by purchasing a home in the United States. Non-resident buyers, on the other hand, are free to acquire property in any place in the United States.

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That will be all for today’s post in which we have addressed the question “Can foreigners buy property in the United States?”. I hope you found it educational and that you now know whether you have what it takes to purchase property in the U.S. If you have any questions pertaining to what we have just discussed, you can let me know by dropping them in the comments section so that I can get back to you ASAP.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

What is ECI Development? a Scam? Read Before Contacting Them

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What is ECI Development? In this review you shall learn how it can make your dreams come true as a homeowner, tenant, or investor. This is one interesting company whose activities are very relevant in the present-day world. Let us jump straight into it and look how this biz works!

Company Name: ECI DevelopmentWhat is ECI Development?

CEO: Michael K. Cobb

Overall rating: 4.7 out of 5 stars (4.7 / 5)

Recommended: Yes

Intro:

With most people having realized that it is possible to move to a different geographical location on another continent, the demand for high quality but affordable real estate is on the rise. ECI Development has swooped in on this opportunity! Read on till the end of the review to find out the opportunities that you stand to benefit from.

What is ECI Development?

ECI Development exists as a real estate development firm that works in Central and Latin America. The company has existed for more than 24 years, offering its services through a model that’s similar to that of Sun City. Sun City is known for having developed communities in various states in the USA. The communities were all filled with impressive amenities that could be utilized and enjoyed by their members, as part of the homeownership scheme.

ECI Development executed this concept and then spread its roots to Central and Latin America, in a bid to capture more clientele in the emerging markets. People who would like to migrate to fast-growing markets such as Costa Rica and Nicaragua can easily access affordable homes to live in.

The options availed by ECI Development are appropriate and sufficient for those who would like to either maintain their current living standards or to level up to a better lifestyle. All these options are availed at reduced prices.

Currently, this company has several developments in countries and regions such as:

  • Nicaragua
  • Belize
  • Panama
  • Argentina
  • Costa Rica
  • El Salvador

**Find more details about each country on this page

In all the above countries, ECI Development has a diverse array of housing options, ranging from the tiny homes which are growing in popularity, to the beachfront communities that have been a favorite among many homeowners.

Beyond taking its position in the developing markets ECI Development is out to keep its commitment to developing sustainable buildings while improving the lives of those who already live near the developments. This company has for instance worked with non-profit organizations to bring medical clinics to the local communities.

Those who would like to move to Central and Latin America for whatever reason can take up purchasing, renting, and vacation options, and finance their stay through Caye Bank, or using Cryptocurrencies.

How does it work?

Like many other companies in this industry, all you have to do is to reach out to ECI Development, for them to offer guidance on how you can own, rent, or invest in real estate in its communities.

With the information offered by the support staff at ECI Development, you can decide whether to get started with them right away or to consider other options in the market.

Who Owns/Runs ECI Development?

ECI Development has managed to gain attention from major news outlets, and all this has been made possible by the effective management of its daily operations. The company’s leadership team has overseen the planning, development, and marketing of various establishments in different geographical locations. Currently, ECI Development is run by the following people:

  • Michael K. Cobb- The Chief Executive Officer
  • Joel Nagel – Co-founder
  • Eddie Littlefield – ECI President
  • Valeria Espinoza – Vice President of Operations
  • Rachel Jensen – Vice President of Sales & Marketing
  • Michael Fuller – Marketing Manager

What is ECI Development’s Leadership out to achieve?

You can tell much about a company’s future by simply looking at what its vision and mission entail. For ECI, there is an understanding that developments are bound to have impacts on the communities around them. It has, as such, committed sufficient resources towards the enhancement of the lives of those who live close to the developments. This is achieved through a defined Corporate Social Responsibility program that runs sustainability-oriented projects.

In addition to that, ECI maintains its commitment to creating real communities for its owners. This has been one of the main reasons behind its success so far.

Most of the developments in Latin America that other developers have already established lack amenities such as reliable electricity, stable water pressure, reliable internet, and high-quality medical centers. The quality of their construction is also questionable. ECI steps into the scene with the right solutions, in the way it delivers on the required infrastructure, that can sustain the lifestyle that many people would love to plug into.

There are sufficient amenities, such as golf, tennis courts, and healthcare centers that are all part and parcel of what most people would like to access.

ECI Development’s partners and joint ventures

For companies such as ECI Development, strategic partnerships are a necessity. Partnering with other companies makes it easy for real estate development firms to penetrate certain markets easily, and to draw attention from a larger client base. ECI’s success in the regions is has managed to set up shop in has been as a result of partnering with the following companies:

  • Urban Design Associates
  • Zürcher Arquitectos S.A
  • Llansa Ingenieros
  • Razor Sharp Public Relations
  • RAD Architecture
  • Design Directions International
  • iPartnerMedia
  • Trust Hospitality
  • Project Delivery Group
  • Nextera Environmental & Engineering Consultants
  • KnightConsult LLC

What are ECI Development’s Advantages over other companies in this industry?idea

This company has positioned itself in such a manner that it can support the objectives of different people, differently, depending on their financial capabilities, and their needs. To achieve this, ECI offers people the opportunity to:

  1. Own homes

ECI has ready-to-own turn-key real estate projects of varying sizes located in impressively-planned communities located in Belize and Nicaragua. There are many other additional community acquisitions that will be availed in the near future.

  1. Rent Homes

This company has many options for those who would want to rent a home or condo in for example, Belize or in Gran Pacifica (Nicaragua).

  1. Invest in real estate

Those who have ever considered owning real estate projects overseas can turn to ECI Development for an opportunity to grow their money in promising markets. Doing this presents them with an opportunity to diversify their real estate investment portfolios.

Is ECI Development a Scam or Legit?Is Premier Trust a scam?

Is ECI Development a scam or a legit company? This company is, in my opinion, a genuine company. The company has an active Facebook page showcasing its progress and operations. I also come across a number of reviews on Airbnb, which are mostly a representation of the nature of services one can expect. Most of the rental options have a rating of more than 4 out of 5 stars. The feedback given by the customers goes a long way in revealing what ECI Development has managed to deliver in terms of the creation of well-structured and amenity-filled communities. The company also has some mentions on a couple of news outlets, which is something that plays out well as far as the provision of social proof is concerned.

Pros and Cons

ProsPros

  • Affordable real estate
  • Customers can own or rent the houses/condos
  • Sufficient amenities (including those not offered by other developers
  • Option to pay for your house using cryptocurrencies (to keep all your transactions private)
  • A wide variety of homes and houses

ConsDrawback

  • Still yet to develop very many communities (it is a work in progress).

Final Words and Verdict

Verdict: Legit!

Overall Rating: 4.7 out of 5 stars (4.7 / 5)

Regardless of whether you have considered owning, renting, or investing in a home in a foreign country, you can agree with me that ECI Development is doing a great job by offering community-based sustainable homes and condos. With all the chaos going on in the world, I have personally reflected on what a life far away in the scenic Central and Latin American regions would do for me. So far, ECI Development seems to deliver quite an interesting offer.

I would, of course not want to leave my house to live in a place with no amenities, which is why ECI Development is such a viable option. Overall, the company has managed to make its entry into the right market, and I cannot wait to see this company live up to its full potential as it serves more people from different corners of the world.

RecommendedLearn more about ECI Development here!

OR:

More specifically info about each country here

As you can see from this review in which we have discussed what ECI Development is all about, that this company has managed to get started on an impressive mission that is bound to see to it that more people own, rent, or invest in real estate in viable markets. I do not know where you stand with the idea of moving to another country, but from what I have seen so far, doing so can offer a very fresh start to life. Let me know what your thoughts about ECI Development are in the comments section below.

I wish you well,

Eric, Investor and Team Member at Gold Retired.

What is fundrise.com? Main Features, Customer Reviews, etc.

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What is fundrise.com? What can you expect from it as an investor? How good are the deals that it offers? What, actually, are the deals that it offers, that you can start taking advantage of? Let’s find out about this and more in today’s review about this very popular platform.

Name of the company: FundriseWhat is fundrise.com?

Official Website URL: https://fundrise.com/

Overall Rating: 3 out of 5 stars (3 / 5)

Recommended: Yes

P.S:

See also my recommended Gold IRA Companies-opportunity for the long term investor

Table of Contents 

  • What is fundrise.com?
  • How does Fundrise work?
  • What are you investing in? (as the investor)
  • Which are some of the main features of Fundrise?
  • Which types of deals are offered on this platform? (How to invest through Fundrise)
  • Is Fundrise Legit or is It A Scam?
  • Pros and Cons

What is fundrise.com?

Fundrise.com exists as a real estate investment platform that allows investors to make an income through an approach known as crowdfunding.  With crowdfunding, investors usually pool their funds in a bid to purchase lucrative properties.

Ben Miller, the CEO of this company started Fundraise with the idea that he’d make investing in real estate a possible reality for everyone. Most people are often incapacitated by the high capital requirements when it comes to taking a slice of the pie in this industry, which is why crowdfunding solutions are growing in popularity.

Fundrise was started in 2012, and it has since then invested more than $4 billion in various real estate projects in the country. The company is currently valued at $800 million and has over 130,000+ active investors who have entrusted it with more than $500 million in assets that are under management.

How does Fundrise Work?

Investors who sign up for Fundrise usually have the option to invest in:

  • Low-minimum Starter Portfolio
  • One of the 3 Core Portfolio plans.

Regardless of the option you pick, Fundrise will see to it that the funds you present to them are invested in their allocated assortment of eREITs, as well as eFunds that consist of lucrative private real estate assets in the US. Fundrise will see to it that your allocations are tailored to meet your personal investment preferences.

As much as the results will vary depending on the plan that you pick, you will get your payouts in the following ways:

  • Quarterly dividend distributions
  • The appreciation of the value of the underlying assets. Note that this company’s portfolios are long-term in nature, hence the earnings from property appreciation may not come overnight, and cannot also be guaranteed.

What are you investing in? (as the investor)

As we’ve already seen, you can make your money on this platform by investing through the Starter Portfolio, or Core Plans.

Starter Portfolio

Here, you’ll need $500 to begin investing. With this amount, Fundrise will allow you to set up your Starter Portfolio and access a mix of real estate projects in the USA (diverse projects). You’ll have to pay a 0.15% annual investment advisory fee, as well as a 0.85% annual asset management fee.

For this portfolio, your funds will be allocated to a blend of this company’s Growth eREITs and its Income Ereit II, for which the income will be received as quarterly dividends, along with the appreciation of share value.

Core Plans

The Core Plans will cost you $1000 for the minimum investment, but they’re better than the Starter Portfolio because they offer access to a wider array of investment strategies and account features. There are 3 different investment plans for this option, which include:

  • Supplemental income –for the income-focused assets
  • Balanced investing –for the equal blend of income-focused assets and growth-focused assets
  • Long-term growth – for the growth-focused assets

All the above plans also offer:

  • IRAs
  • Auto-invest
  • Dividend re-investment
  • Discounts for referrals

Which are some of the main features of Fundrise?

Fundrise tries to establish its competitive edge in the market by offering unique features that it hopes will attract investors to it. The main features of this platform include:

  • The capability to invest using a Self-Directed IRA
  • Goal-based investing – You can now invest based on your goals, as opposed to the available investment types or the location
  • Fundrise IPO –you can allocate 25% of your current account balance to invest in this company’s IPO.
  • You can invest through an eFUND-this is a private fund that lets you invest in multiple commercial real estate properties.
  • The Fundrise eREIT-this is a non-traded REIT that lets you invest in multiple commercial real estate projects as you cut out the middleman and save big on commissions.

Which types of deals are offered on this platform? (How to invest through Fundrise)

From the information presented above, it’s easy to tell that this company is mainly concerned with offering eREITs and eFUNDs that investors can purchase as they expect to make an income in the future. The good thing about these two investment vehicles is that they give investors the chance to invest in multiple commercial real estate projects.

Is Fundrise Legit or is It A Scam?

Fundrise is a genuine platform, in my opinion. With the reviews given by investors on Trustpilot, there’s no doubt that this platform is existent. We already saw that it has more than 130,000 active investors who are all relying on the deals its offering to make an income.

With a rating of (3/5) stars on Trustpilot, I think Fundrise is one that can be termed as average. I looked at the distribution of the customer reviews and discovered that 85% of the customers think that its deals are excellent, and 9% think that its deals are bad. This simply reveals that it’s possible for one to walk away very satisfied with what is being offered, but they can also get disappointed by the outcome. Generally, those investors who give this platform one or two stars are not happy with the rate of return, and state that they expected 8-10% as promised, but ended up getting less than 5% (at times even less than 1%).

I’d therefore advise that you do your due diligence before investing in any of Fundrise’s deals, or you can simply take a look at what other alternative companies in different industries have to offer.

===>Recommended Gold IRA companies that you can use to invest for your retirement years

Pros and Cons

Pros

  • Low minimum  investment
  • Open to all types of investors
  • Easy to use website
  • You can use an IRA to invest

Cons

  • Investment is highly illiquid
  • Fees are hard to understand
  • Due diligence needed since investment models are complex.

Do you own or represent Fundrise?

If you are a representative or associate of Fundrise have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.

Final Words and Verdict

Verdict: Legit

Overall Rating: 3 out of 5 stars (3 / 5)

Fundrise generally meets the requirements for what we’d term as a decent crowdfunding platform. The number of investors who have trusted in its capability to deliver good returns speaks for itself, though I’d still generalize its success. You still need to do your due diligence to ensure that you’re getting yourself into something that you have sufficient information about. Alternatively, you can check out what other stable and reliable long-term investment assets have to offer.

Golden Opportunity – Diversify Your Retirement Investment Portfolio through Top Gold IRA Companies

That will be all for today’s review on what fundrise.com is about and what it has to offer. Do you have any questions about its features or deals? If yes, you can leave them in the comments section below, I’ll get back to you ASAP.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

What is realtymogul.com? A Reliable Platform or A Scam?

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What is realtymogul.com? How does it help you achieve your objectives as an investor? Should you turn to it for what it offers or should you avoid it altogether? This review will help you get answers to these questions, you decide whether this company’s opportunities are worth taking up.

Name of the company: RealtyMogulWhat is realtymogul.com?

Official Website URL: https://www.realtymogul.com/

Overall Rating: 3.5 out of 5 stars (3.5 / 5)

Recommended: Yes

P.S:

See also my #1 recommended Gold IRA Companies-opportunity (for the long term investor)

Table of Contents 

  • What is realtymogul.com?
  • How does RealtyMogul work?
  • What are you investing in? (as the investor)
  • Which are some of the main features of RealtyMogul?
  • Which types of deals are offered on this platform? (How to invest in RealtyMogul)
  • Is RealtyMogul Legit or is It a Scam?
  • Pros and Cons

What is RealtyMogul?

RealtyMogul is a commercial real estate crowdfunding platform that was established back in 2013. It has since then been allowing investors, both large and small, to try their hand in real-estate investment trusts, popularly known as REITs. The company has also been very helpful to accredited investors who are seeking out private deals.

As much as investors have to invest a minimum of $5000 at a time, RealtyMogul also allows investors to fund deals worth several millions of dollars. This essentially opens up a world of opportunities to commercial real estate investors who are familiar with this money-making approach.

This company tries to stand out from its competitors by offering investors an opportunity to invest using their 1031 exchange. Any investor who needs to reinvest the proceeds upon selling their rental property can turn to RealtyMogul, and start gaining the benefits that come with a 1031 exchange. This essentially means that such an investor can defer capital gains on their transaction until they decide to sell their RealtyMogul shares.

How does RealtyMogul Work?

Just like is the case with other top platforms in this industry RealtyMogul usually finds investments from both the developers and real estate veterans. The developers are required to submit deals to RealtyMogul for consideration. The real estate veterans have many contacts throughout the country.

According to the information presented on this company’s website, it usually reviews thousands of property deals every year, though less than 1% of these deals meet the set standards. For a deal to make it into the RealtyMogul marketplace, then it has to be very good and exceptional.

This company has its doors open to both accredited and non-accredited investors. Many deals are available for both types of investors, though there are outstanding limitations for the non-accredited ones. The non-accredited investors can only invest in REITs, while the accredited investors are also allowed to invest in standalone real estate deals.

What are you investing in? (as the investor)

This company has a wide range of investment offerings that are made accessible to a wide array of investors. Your options will vary depending on whether you are already an accredited investor or a non-accredited investor. Currently, RealtyMogul allows you to invest in:

  • Real estate investment trusts (REITs)
  • Individual properties
  • 1031 private placements

Note that RealtyMogul usually does background checks on the investment opportunities that real estate companies list. At the time RealtyMogul is evaluating every opportunity, it usually looks at:

  • The background of the listing company
  • Nature of the property
  • The market of that property
  • The target returns

Which are some of the main features of RealtyMogul?

RealtyMogul has several outstanding features that you can take advantage of as an investor. Here are the main ones:

  • MogulREIT I – this a public nontraded REIT that is registered with the Securities and Exchange Commission. It isn’t traded on stock exchanges like is the case with publicly-traded REITs. MogulREIT I focuses on commercial real estate-related equity and debt assets in property such as self-storage multifamily, office, industrial, etc.
  • MogulREIT II– It’s a public non-traded REIT that invests in common and preferred equity investments. The dividends are paid out quarterly
  • REIT buyback program –since a large number of real estate crowdfunding platforms are highly illiquid, investors can’t take out their money for a given time frame. RealtyMogul, therefore, offers to buy back your investments at a percentage of the initial capital (98% to 100%)after you’ve held them for a given time.
  • High return targets –private placements, MogulREIT I, and MogulREIT II have the capacity of bringing you high returns, although this isn’t guaranteed.

Which types of deals are offered on this platform? (How to invest in RealtyMogul)

With RealtyMogul, you can make money through deals in any of the following categories:

  1. REITs – we’ve already established that this is the main way you can make money on this platform, though you’ll need a minimum investment of $5000 to get started, for MogulREIT I and MogulREIT II (note that the objectives of the two REITs, their distribution rates frequencies vary widely).
  2. Individual properties – you have to be an accredited investor for you to make an income through single investments in specific properties.
  3. 1031 exchange private placements – these exchanges allow investors to defer their federal capital gains taxes by simply swapping the investment properties they already own for similar real estate properties.
  4. Retirement – you can buy shares of RealtyMogul’s REITs using you’re the funds in your Self-Directed IRA.

Is RealtyMogul Legit or is It A Scam?

RealtyMogul is in my own opinion a legit business. It currently has an A+ rating on Better Business Bureau. As much as RealtyMogul is yet to become a BBB accredited business, the A+ rating goes a long way into defending its position as a legit business.

There are a couple of complaints listed by customers about RealtyMogul, which would make one very wary of what they’re getting themselves into. Platforms such as RealtyMogul are meant to give you returns over a short-term horizon, but the complaints show some customers are not happy with what they’re getting so far (zero returns in some cases). In this case, I’d simply opt to turn to long-term investment options, since there’s sufficient time for the proceeds to accumulate. Check out the recommended alternative below, in which you are presented with impressive tax benefits as you invest in retirement assets that wouldn’t lose their value entirely.

===>Recommended Gold IRA companies that you can use to invest for your retirement years

Pros and Cons

Pros

  • Has REIT products that are open to non-accredited investors as well
  • Its REIT buyback program offers liquidity to investors
  • High targeted rates of return

Cons

  • There are high investment minimums
  • Complex fees structures that may vary by investment

Do you own or represent RealtyMogul?

If you are a representative or associate of RealtyMogul have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.

Final Words and Verdict

Verdict: Legit

Overall Rating: 3.5 out of 5 stars (3.5 / 5)

RealtyMogul is one of the big names in the real estate crowdfunding space. Despite having some very impressive deals, it’s yet to build itself a good reputation amongst investors. There are barely any positive customer reviews that point to massive success or anything close to what is promised. I’m not necessarily saying that this company is to be avoided, but I’m not one to recommend a company whose track record doesn’t speak for itself.

Check out the recommended alternatives to RealtyMogul below to see what other companies are helping investors to achieve- here you’ll find a good example of what firms with a good track record are helping investors achieve.

Golden Opportunity – Diversify Your Retirement Investment Portfolio through Top Gold IRA Companies

That will be all for today’s review on what realtymogul.com is about and what it’s out to help you achieve. I hope you enjoyed it and that you’re now in a better position to decide whether you’ll turn to RealtyMogul for the deals it promises to investors, or you’ll simply go with the available alternatives. Let me know what you have in mind about this company. You can also ask any questions about it in the comments section.

I wish you well,

Eric, Investor and Team Member at Gold Retired!