Our Investors & Advisors

Our investors were also early backers of companies like Robinhood, SpaceX, Tesla, and Skype. Here's what some of them have to say about mogul.

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$Tim Draper Draper Associates mogul fractional real estate investing$

Tim Draper

Managing Partner, Draper Associates

"We fully believe in how mogul's founding team is reshaping the real estate investment space and providing long-term wealth generation for its users."

Rosa Rios

43rd Treasurer of the United States

"Real estate, crowdfunding: When you combine them with the pedigree of Alex and Joey, I can't imagine a better team to design and execute the mogul strategy."

Chris Larsen

Co-Founder, Executive Chairman, Ripple

"Blockchain can change real estate as an asset class, make it more accessible and tear down the barriers-to-enter. mogul is at the forefront of that change."

Enrique Penichet

Founding Partner, Draper B1

"For us, mogul is an opportunity that, thanks to our partners, reinforces globalized investments in a trending market."

Kavan Canekeratne

Investor, Draper Dragon

"Alex and Joey exude an infectious passion for real estate. We are thrilled to support mogul's efforts in broadening access to real estate."

Hogun Lee

Investor, Intervest

"mogul's business is a prime example of seamless blockchain integration in traditional asset classes like real estate."

Claire Yun

Investor, Intervest

"With mogul leading the way in real estate tokenization, we anticipate immense potential for growth and disruption, and are thrilled to be a part of this pioneering journey."

Dr. Cyrus Loghmanee

Investor, Founder

"mogul is exactly how it sounds - important, powerful, and omnipotent. If you love buying and selling real estate, Joey and Alex just made your life easier by creating mogul."

Frequently Asked Questions

How does mogul choose which properties to offer?

We target properties with high price-to-rent dislocation in geographies with strong growth fundamentals. After forming our conviction around certain regions and submarkets based on forecasted economic drivers (population growth, employment statistics, migration patterns, nationwide & local trends, etc.), we form a “buy box” of investment criteria that includes yields, prices, occupancy, square footage, comparable properties in the area, and more. We send our “buy box” to inventory partners (investor brokerages, property managers, investors, and more) with boots-on-the-ground presences in each market. They return with properties that meet and exceed the criteria. We analyze each property and offer ones we have the strongest conviction around.

Out of thousands of properties offered to us, <1% are offered on the platform. Each property undergoes a formal inspection, appraisal, and more from licensed professionals.

Who can invest through mogul?

All US residents above the age of 18 are permitted to invest. We permit non-U.S. residents to invest, except residents of countries under embargo by the United States government; For non-US residents, we ask that you reach out to support@mogul.club.

What returns can I expect, and how often are rental payments distributed to investors?

You will receive any property appreciation, rental income, tax benefits and sales proceeds directly to your mogul account. Property values are updated on a monthly basis through a 3rd party data provider that offers appraisal-level valuations in real time. Rental income is distributed to investors on a monthly basis. Tax benefits come in the form of a filled-out tax document uploaded to your account. On each property card, we demonstrate yearly returns in a range based on a conservative analysis (underwriting). The yearly return is net of fees and includes returns from appreciation and rental income, what you see is what you get. You can test your own assumptions in the “Investment” tab of the property information to see projected returns. The default assumptions are the assumptions used in our models. You will have the option to sell your shares in one of 2 ways:
1) hold your shares, collecting rental revenue until the property is sold after the typical 5-7 year hold
2) sell on our secondary market at the fair market value (coming soon). All sales proceeds will be distributed to your account.

How is an individual property offering structured?

mogul creates an LLC entity (“PropCo”, taxed as a partnership) for each property in the state of the property. The LLC is used as the buying entity for the property, and ownership is offered on mogul’s platform through an investment club structure. Each investment club will use proceeds from the offering to acquire the single property and will conduct no operations other than relating to the ownership, maintenance, and eventual sale of the property. The initial offering amount will be pursuant to the administrative services agreement and determined by the amount of equity needed to close the property, maintenance reserves, vacancy reserves, and any necessary fees, costs, and expenses.

When I purchase part of a property, what am I purchasing?

In legal terms, you are purchasing ownership in the investment club LLC that owns the individual property. In practical terms, you are purchasing part of an investment property and the rights to all benefits associated with your portion of the property, including appreciation, monthly income, and tax benefits. Any major decision regarding the operation of the property will be put to a vote, with no one major shareholder determining the outcome (super-majority rules). If the property is purchased using leverage (a mortgage), you as the owner are not liable for the debt on the property. Additionally, the reserves capitalized in the initial offering of the property account for roughly 8-12 months of complete vacancy, and property insurance pays the market rent on the property in the event of a pipe-burst or similar events, meaning, the property would be effectively occupied during that time. When you purchase part of a property on mogul, you are a property owner and receive the pure benefits of being just that.

What is the difference between investing in real estate through mogul vs. a REIT?

A Real Estate Investment Trust (“REIT”) is a company that owns, and in most cases operates commercial real estate. A REIT must distribute 90% of its income as dividends to shareholders, and 75% of its income must come from gross income from rent, mortgage interest or sale of property. As a shareholder in a REIT, you are responsible for the taxes paid on the dividends distributed to you. The REIT charges a management fee typically in the range of 1% - 2% of property value on a yearly basis, and you do not have a say in the properties selected, operational decisions, or any other matters. When purchasing a share in the REIT, you are at the whim of the public markets and the fund managers. The purpose of the company might be guided towards real estate, but it is not real estate investing.
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When you invest in real estate with mogul, you can build your portfolio through vetted properties. You actually own the real estate and receive the true benefits. When you receive the monthly income (REITs distribute quarterly), you receive the tax benefits of real estate. For example, if you receive an 8% dividend from a REIT, the 8% becomes 5% after taxes; whereas, if you receive an 8% dividend from a mogul property, that 8% will benefit from the depreciation tax shield and will remain 8%. In some cases on top of the 8%, you will appear to have lost money on your tax returns, even as the 8% sits in your bank account. We do not charge an asset management fee, instead to align incentives, we do charge a 2.5% of rental income fee (similar to a property manager and much lower than % of property charged in a REIT). When you invest in real estate with mogul, you are investing in real estate.

How can I learn more about specific properties?

We prepare and provide to you all information regarding the investment property, so you can be well informed regarding the offering. On each property card, you will see a “Learn More” button, click on it to see important information about the property, including but not limited to: investment rationale, property overview, market overview, investment returns / capital structure, process overview, and all legal documents.

How are major property decisions made?

Any decision less than $1k will be handled directly by the licensed property managers. Any decision greater than $1k will be put to a vote. In a vote, the property manager will gather all necessary information and hold a formal vote. They will have a recommendation, and should you not be able to vote, your default vote will count towards the recommended decision. The winning vote will be determined by a super-majority, so one investor can never fully decide without other input.
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If there are any major capital improvements, the funds used will be from the maintenance reserve. We adequately capitalize the property prior to launch and take out insurance to mitigate against the need to make any future capital calls.

What is the minimum investment on mogul?

We currently offer investment into properties starting at $250.

What fees does mogul charge?

mogul currently collects 3 sources of revenue. A 3% onboarding fee and a 2% setup fee (in the future, with more user offered opportunities, we will eliminate this fee) capitalized in the deal. The percentages are calculated based on the purchase price of the property and cover our expenses related to finding, vetting, and onboarding the property. We collect 2.5% of the rental income for coordinating with the property managers and having negotiated institutional, wholesale discounts. The 2.5% minimally impacts returns and ensures our incentives are aligned, we do not get paid this 2.5% if you don’t get paid.

All returns conveyed on our platform are inclusive of these fees (if it says 20% IRR that is what is projected net of these fees).

Goldman Sachs founders,
Real estate, No BS

What if you used real estate as your savings account?

Average Internal Rate of Return (IRR)

Assets on Platform

Investors

Figures as of 3/11/2024

Recently Offered Properties: Projected Returns

The Logan Yucaipa, California

Projected IRR

Projected Return on $1k investment

The Roman Houston, Texas

Projected IRR

Projected Return on $1k investment

The Kendall Rockwall, Texas

Projected IRR

Projected Return on $1k investment

Real estate consistently outperforms in all environments

Reflects total returns of asset classes leveraging the Case-Shiller Home Index provided by the Federal Reserve, S&P 500 index, a composite of all Equity REITs tracked by the FTSE Nareit US Real Estate Index, the World Bank Gold Index, and Bank of America US Corporate Bond Index.

Strong historical returns

Single Family Rental

S&P 500

How it works

We identify top markets

We purchase the property

We fractionalize the property

Earn, benefit, liquidate

Our Investors & Advisors

Heading

Frequently Asked Questions

Goldman Sachs founders, Real estate, No BS

What if you used real estate as your savings account?

Average Internal Rate of Return (IRR)

Assets on Platform

Investors

Figures as of 3/11/2024

Recently Offered Properties: Projected Returns

The Logan Yucaipa, California

Projected IRR

Projected Return on $1k investment

The Roman Houston, Texas

Projected IRR

Projected Return on $1k investment

The Kendall Rockwall, Texas

Projected IRR

Projected Return on $1k investment

Real estate consistently outperforms in all environments

Real Estate (Single Family Rentals) vs. Other Asset Classes Average Annual Return

Reflects total returns of asset classes leveraging the Case-Shiller Home Index provided by the Federal Reserve, S&P 500 index, a composite of all Equity REITs tracked by the FTSE Nareit US Real Estate Index, the World Bank Gold Index, and Bank of America US Corporate Bond Index.

Strong historical returns

Single Family Rental vs. S&P 500

Single Family Rental

S&P 500

How it works

We identify top markets

We purchase the property

We fractionalize the property

Earn, benefit, liquidate

Our Investors & Advisors

Heading

Frequently Asked Questions

Goldman Sachs founders,
Real estate, No BS