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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While we have engaged in the past, Rich Uncles will no longer respond to the comments being made. Post written as of September 2016 through today claiming to be “Rich Uncles” were not made by an employee or affiliate of Rich Uncles and should not be considered a statement from the company. 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
https://www.sec.gov/Archives/edgar/data/1645873/000114420416110667/v443339_424b3.htm
and our web site:
www.richuncles.com
If you are interested in learning more about our company, you can review our SEC-filed Prospectus:
https://www.sec.gov/Archives/edgar/data/1645873/000114420416110667/v443339_424b3.htm
and our web site:
www.richuncles.com
Harold
While we have engaged in the past, Rich Uncles will no longer respond to the comments being made. Post written as of September 2016 through today claiming to be “Rich Uncles” were not made by an employee or affiliate of Rich Uncles and should not be considered a statement from the company. 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
Another question. The Rich Uncles website says that "Our REITs are required to have audited financials". Who audits the financials and how often? Does the SEC audit them?
For what it's worth, in an earlier post, "RichUncles" said "We have absolutely no salespeople or anybody who earns commissions whatsoever". Notice that this statement is carefully crafted such that it’s not all encompassing. With Google it took me 2 seconds to find an online review of Rich Uncles by a guy named Carlos Gomez who states “I'm not a paid employee of RU. I am, however, a consultant for which I am compensated in equity."
How the hell they are paying 7% return to 1100 members if its not a ponzi scheam?
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