Rich Uncle’s, found online at Rich-Uncles.com, is a company who says their goal is to create a platform that makes real estate investment accessible for everyone who wants to get involved.
Traditionally speaking, real estate investment was thought to only be available to people who had large sums of investment capital that they could translate into large stakes in investment opportunities.
Rich Uncle’s has a goal of making this type of investment available to people with different levels of capital available, so this type of investment opportunity is no longer off limits to the general public.
How Does It Work?
The whole concept of Rich Uncle’s rests on something called a Real Estate Investment Trust, or REIT, which is a corporation that takes capital from many different investors and uses it to buy and then operate income producing real estate.
In addition, REITs are exempt from taxes if certain standards can be met, including the distribution of at least 90% of the taxable income. REITs make this possible by generating and distributing this income to their shareholders in dividends.
Finally, this company does not pay commissions, instead choosing to use the internet for advertising and finding investors, which reduces their overhead and increases the percentage of returns they distribute to their members.
Is This a Legitimate Opportunity?
This company is funding real estate investment opportunities through a specific type of a crowdfunding platform. They say that their potential investors can begin purchasing ownership in REITs with investments of just $500.
Using the crowdfunding platform to raise capital for real estate opportunities is becoming a popular new concept in real estate investing. It not only opens up real estate investing to people who only have small amounts of money to invest, but it is beneficial for the properties and owners themselves.
Crowdfunding often allows these properties to be funded easier and faster than going through the traditional routes of finding bank funding or investors with large amounts of capital who are interested in the opportunity.
So this type of real estate investment is growing in acceptability and popularity, and people who are interested in it can look at the opportunities available through Rich Uncle’s, or other companies that take a similar approach.
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This information is incorrect. All dividends have been paid from rental income or profit from real estate sales. Our CFO will happily review the details with your accountant. As for the glitch I am unaware that any requested sales did not occur. You have not lost your money. We are a public company and takes these matters very seriously. You can visit our office in Costa Mesa and verify that your funds are safe and the real estate is owned.
Larry VanderPloeg
Solar Energy Inc.
“Seemed too good to be true. Own real estate without the hassles? Thats why it took me about a year to actually start investing. That was a year of dividends not realized.”
Jorge Salazar
Police Officer
“I was really skeptical to invest money at first, but now I can't wait to add more funds to my account! I really like the idea of investing in commercial real estate as a group since I wouldn't be able to do this on my own. As soon as I heard the radio commercial on KFI, I knew this was something I would be very interested in, but felt I couldn't just jump in. So a few weeks later and after some research I decided to invest! I'm glad I did!”
Blair Pettyjohn
Project Manger in the Broadcast Industry
“Rich Uncles has afforded me the opportunity to dip my feet into the real estate investment pool without heavy burden of actually having to manage the investment. I should see my first quarterly dividends quite soon – time to invest some more...”
Chirag Amin
Orthopedic Surgeon
“Hello fellow investors, my name is Chirag and I am an orthopedic surgeon in the Inland Empire. I consider myself a seasoned investor, holding everything from stocks, real estate, precious metals, and even have fractional ownership in various oil and natural gas wells. The challenge in investing for retirement has always been doing the research and due diligence, staying on top of one’s investment decisions by keeping track of performance, and keeping well-diversified. The great thing about this RichUncles investment is that you get a great investment return, a diversified portfolio of strong income-producing properties, as well as a highly experienced management team that makes smart decisions yet know how to keep expenses in check. I am so glad to be an investor with Uncle Howard, Uncle Harold, and Uncle Ray. Keep up the great work. God Bless.”
of - someone telling the truth about this so called investment?
you are indeed a public company, what is your symbol and what exchange
do you use to buy / sell? And if you are truly public, why do you
use radio advertising to gain investor's rather than simply allowing
your publicly reported results to speak for you? Providing your
trading symbol / exchange will go a long way to ensure you are what you say and do as you say.
Read real investor reviews please: https://www.richuncles.com/stories