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.
Would you like to add your review for
1099 statements? What RU is returning is their capital and not
income or dividends which means its taxable once again on a no
gain payout. Talk about smoke and mirrors.
While we have engaged in the past, Rich Uncles will no longer respond to the specific claims being made. If any of these “complaints” were legitimate we would gladly handle immediately through channels below and if we did not satisfy you as an investor you certainly have the right to register a complaint with the BBB.
Answers to the most common questions about Rich Uncles and our National NNN REIT can be found in our Investors Presentation and Open House video replay: https://www.richuncles.com/livestream
If you have specific questions or concerns, please reach out to our Investor Relations team by calling (855) Rich-Uncles or visiting https://www.richuncles.com/contact-us
* No serious firm tells their clients that they are savvy or smart for investing with them. Red flag that they're marketing to fools.
* No serious firm has a campy name with the work "rich" in it.
* Making things work requires hard work. Not fully understanding how your dollars are working to create a return is deluded.
* Do your homework. This means not relying on the internet to do your research. Call people, get third party opinions, and interview people in person. It's the only way. The internet is easy... Easy to fool those looking for an easy shortcut.
Good luck!