Modiv Review: Everything You Need to Know About the Company Formerly Known as Rich Uncles
If you’re looking for a real estate crowdfunding investment platform, Modiv is worth considering. Modiv, formerly known as Rich Uncles, offers commercial real estate investments through real estate investment trusts (REITs). In this Modiv review, we’ll provide an overview of the company and answer the most common questions people have about Modiv. We’ll cover when Modiv was launched and when it became Modiv, how Modiv works, how you can invest with Modiv, the features and benefits of Modiv, Modiv fees, Modiv investments, the advantages of investing with Modiv and the risks.
History of Modiv
Rich Uncles was launched in 2014 by Nicholas Gould and Brian Dally.
Gould is a real estate entrepreneur who has been involved in over $250 million of real estate transactions. He is also the founder of Nicholas Gould Properties, a real estate investment and development firm. Background of Dally: Dally is a Certified Public Accountant (CPA) and has experience working in the accounting and finance industries.
Gould and Dally saw an opportunity to disrupt the commercial real estate industry. They believed that there was a better way for people to invest in commercial real estate. So, they created Rich Uncles – an online platform that makes it easy for anyone to invest in commercial real estate.
The name Rich Uncles was inspired by the popular saying, “It takes money to make money.” The founders wanted to create a platform that would allow people to invest in commercial real estate without having to be wealthy or have a lot of money.
In 2017, Rich Uncles rebranded and became Modiv. The new name Modiv is short for “Modern Investment Vehicles.” The Modiv team felt that the Rich Uncles name was too limiting. They wanted a name that would reflect their mission to provide modern investment vehicles for the modern investor.
How does Modiv work?
Modiv is an online crowdfunding investment platform that allows people to invest in commercial real estate through real estate investment trusts (REITs). Modiv makes it easy for anyone to invest in commercial real estate. You can sign up for a free account and start investing with as little as $500.
Crowdfunding means Modiv will pool together money from many different investors and use it to finance commercial real estate projects. REITs are a type of security that allows investors to pool their money to invest in real estate. REITs are traded on the stock exchange, which makes them easy to buy and sell.
How does Modiv make money?
Modiv makes money by charging a management fee and a performance fee.
- Management fee: The management fee is a percentage of the total amount of money that Modiv raises from investors. Modiv charges a flat management fee of 0.50% per year.
- Performance fee: The performance fee is a percentage of the profits that Modiv generates from its investments. Modiv charges a performance fee of 20% on any profits you make above a 12% annual return.
How can you invest with Modiv?
You can sign up for a free account and start investing with as little as $500. Modiv will pool together money from many different investors and use it to finance commercial real estate projects.
Modiv Investments
Modiv invests in a variety of commercial real estate projects, including office buildings, retail centers, warehouses, and apartments. Modiv takes a hands-off approach to investing. That means Modiv doesn’t manage the properties it invests in. Instead, Modiv relies on experienced third-party property managers to manage the properties.
Modiv’s platform provides access to a diversified portfolio of commercial real estate investments. Modiv’s platform is designed for long-term investors. That means Modiv’s investments are not suitable for short-term or flipping strategies.
What funds does Modiv offer?
Modiv offers two types of funds:
- Modiv Core Fund: The Modiv Core Fund invests in a diversified portfolio of commercial real estate properties. The Modiv Core Fund has a minimum investment of $500 and a maximum investment of $100,000.
- Modiv Income Fund: The Modiv Income Fund invests in a portfolio of commercial real estate properties that generate income. The Modiv Income Fund has a minimum investment of $500 and a maximum investment of $100,000.
What are Modiv fees?
Modiv charges a management fee and a performance fee.
- Management fee: The management fee is a percentage of the total amount of money that Modiv raises from investors. Modiv charges a flat management fee of 0.50% per year.
- Performance fee: The performance fee is a percentage of the profits that Modiv generates from its investments. Modiv charges a performance fee of 20% on any profits you make above a 12% annual return.
Advantages of investing with Modiv
There are a number of advantages to investing with Modiv, including:
- Diversification: Modiv offers diversification because it invests in a variety of commercial real estate projects. REITs offer diversification because they are not correlated with the stock market. This means that when the stock market goes down, REITs may go up, and vice versa.
- Passive income: Modiv will distribute a portion of the profits it generates from its investments to investors. This allows you to earn passive income from your investment.
- Low minimum investment: You can sign up for a free account and start investing with as little as $500.
- Liquidity: REITs are traded on the stock exchange, which makes them easy to buy and sell.
- Experienced third-party property managers: Modiv relies on experienced third-party property managers to manage the properties.
Risks of investing with Modiv
There are a number of risks associated with investing with Modiv, including:
- Modiv is a new company: Modiv was launched in 2017 and is still a relatively new company.
- Modiv is not FDIC insured: Modiv is not a bank and is not FDIC insured. This means that your investment is not guaranteed by the government.
- Modiv investments are illiquid: Modiv investments are illiquid, which means you may have to wait a long time to sell your investment.
- Modiv charges high fees: Modiv charges a management fee of 0.50% and a performance fee of 20%.
You should only invest with Modiv if you are comfortable with the risks.
Has Modiv faced any complaints or lawsuits?
Modiv has not faced any complaints or lawsuits.
Is Modiv legitimate?
Modiv is a legitimate company. Modiv is registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA). Modiv’s website is secure and its platform is easy to use. Modiv is a new company, but it has already raised over $100 million from investors. Modiv is not FDIC insured, but it is a legitimate company.
Are there alternatives to Modiv?
There are a number of alternatives to Modiv, including:
- RealtyMogul is an online real estate investment platform that offers commercial real estate investments through REITs. RealtyMogul has a minimum investment of $500.
- Fundrise is an online real estate investment platform that offers commercial real estate investments through eREITs. Fundrise has a minimum investment of $500.
- EquityMultiple is an online real estate investment platform that offers commercial real estate investments through equity and debt securities. EquityMultiple has a minimum investment of $5,000.
- Groundfloor is an online real estate investment platform that offers loans for fix-and-flip projects and new construction projects. Groundfloor has a minimum investment of $1,000.
- StreetShares is an online lending platform that offers loans for small businesses. StreetShares has a minimum investment of $500.
- RealCrowd is an online real estate investment platform that offers commercial real estate investments. RealCrowd has a minimum investment of $5,000.
Who is Modiv for?
Modiv is for accredited investors who are looking for an alternative to the stock market. Modiv is a new company, but it has already raised over $100 million from investors. Modiv is not FDIC insured, but it is a legitimate company.
Who is Modiv not for?
Modiv is not for people who are looking for guaranteed returns. Modiv is not FDIC insured, which means that your investment is not guaranteed by the government. Modiv also charges high fees, so it is not for people who are looking to save money on fees. Modiv is a new company, so it is also not for people who are looking for a company with a long track record.
Should You Invest with Modiv?
Modiv is a legitimate company that offers a unique investment opportunity. Modiv is a good choice for investors who are looking for an easy way to invest in commercial real estate. However, as with any investment, there are risks involved. Be sure to do your own research and speak with a financial advisor before making any investment decisions.
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