Real estate crowdfunding has been a popular investment option for many people over the years. There are more applications and services being added to the list every month. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific applications.
This review compares Realty Mogul and Patch of Land . The better service depends on your needs. Let's dive in!
According to our readers (you!), when it comes to real estate crowdfunding, people
care most about the minimum investment required, whether they need to be an
accredited investor, and whether or not the software has support private reits.
Let's look at how Realty Mogul and Patch of Land stack up
against each other on these threads.
To start, we will consider the minimum investment required for both applications. In
how much does one need to invest to use the service?
Both Realty Mogul and Patch of Land have the same minimum of $1,000. So they are equal in this requirement.
Being an accredited investor is often required from real estate crowdfunding
Patch of Land requires accreditation whereas Realty Mogul does not. If you aren't an accredited investor, then you can only use Realty Mogul.
When it comes to having support for private REITs, there is a clear division between Realty Mogul and Patch of Land. Realty Mogul does have support for private REITs, while Patch of Land does not.
|Review||Realty Mogul Review||Patch of Land Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Amount of Deals|
|Account Fees||0.30% - 0.50%/year||0-3% of loan amount|
|Investment Length||6 - 120/months||1 - 36/months|
|Regions Served||50 States||46 States; excluding MN, SD, NV and AZ|
|Self Directed IRA|
|Sign Up||Sign Up|
About Realty Mogul
Realty Mogul offers a unique opportunity to invest in real estate that’s less involved than buying a property outright on an individual basis but is much deeper in scope than investing in real estate through a real estate investment trust (REIT). It’s an opportunity to invest in real estate through a variety of close-to-home investment opportunities.
About Patch of Land
Patch of Land is a peer-to-peer (P2P) real estate lending marketplace. They automate the loan underwriting, data management and risk assessment processes and provide a platform where accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments can be matched with borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.