Choosing the right fractional real estate platform shapes how effectively you can build wealth through property ownership. mogul, Arrived, and RealtyMogul represent three distinct approaches to real estate investing, each with different property types, fee structures, and return profiles. mogul is a fractional real estate platform club founded by former Goldman Sachs executives, delivering property-specific LLC ownership in single-family rentals, supported by blockchain-based ownership verification and institutional-grade underwriting. Arrived offers individual single-family and vacation rental properties alongside pooled funds, with a low entry point. RealtyMogul provides access to commercial real estate through REITs and individual private placements. Understanding these distinctions helps investors see how each platform approaches capital, income objectives, and risk.
Disclaimer: The information provided in this guide is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult with a licensed professional before making any financial or investment decisions.
Key Takeaways
mogul's former Goldman Sachs executives apply institutional-grade underwriting, with less than 1% of reviewed properties passing the selection process, targeting 15-20% annual IRR
mogul distributes rental income monthly once a property is operational and generating distributable net rental income, a cadence some platforms match while others distribute quarterly
mogul members invest approximately $10,000 on average, with property-specific LLC ownership built around meaningful allocations rather than minimums. 90% of mogul investors invest a second time, and when they do it is typically 3x their first investment
mogul covers up to $10,000 in losses on investments made within a new member's first 7 days if those investments show a loss after year one, a protection feature that is uncommon among fractional platforms
mogul's blockchain integration on the Avalanche network provides real-time, independently verifiable proof of ownership alongside conventional LLC, operating-agreement, and property-title records, while property performance and monthly third-party valuation data are delivered through the platform dashboard
Return figures are best compared like for like. mogul reports an 18.8% average annual IRR across platform properties, which is a total-return measure. Arrived's Q2 2026 average annualized dividend rates of 3.5% (individual single-family rentals), 2.9% (vacation rentals), and 8.7% (Real Estate Income Fund, formerly the Private Credit Fund) and RealtyMogul's 1.5% Q2 2026 Income REIT annualized distribution rate are cash distribution measures
mogul charges no recurring annual AUM fee, with a one-time capitalized platform fee and an ongoing 2.5% fee on rental income, while property-level operating expenses remain expenses of the Property LLC
When evaluating fractional real estate platforms, the three-way comparison between mogul, Arrived, and RealtyMogul reveals fundamentally different investment philosophies. RealtyMogul has operated a commercial-focused platform since its 2012 founding, and Arrived has built a large registered user base since 2019. mogul's combination of institutional underwriting, property-specific LLC exposure, monthly net-rental distributions, and new-investor loss protection stands out for investors who prioritize those criteria.
What Is Fractional Real Estate Investing and Why It's Gaining Traction
Fractional real estate investing enables investors to own portions of income-generating properties without purchasing entire homes. Buying an entire investment property typically requires a sizable down payment plus closing costs and reserves. Redfin reported that the typical U.S. homebuyer down payment was approximately $64,000 in March 2026, or about 15% of the purchase price, and the National Association of Realtors reported a 2025 median down payment of 19% for all buyers, 10% for first-time buyers, and 23% for repeat buyers. Fractional platforms lower that capital requirement substantially, letting investors build diversified property portfolios through smaller allocations across multiple properties.
The Core Concept: How Fractional Ownership Works
In fractional ownership models like mogul's, each property is purchased, placed into a state-registered LLC, and fractionalized into shares. Investors purchase a membership interest in the property-specific LLC that owns the applicable home, gaining:
Monthly rental income distributions proportional to ownership percentage, once the property is operational and generating distributable net rental income
Potential pass-through tax items, including depreciation allocations reported on Schedule K-1
Governance rights based on ownership stake
Proceeds from eventual property sales after hold periods
This structure differs from REITs, where investments pool into funds owning multiple properties. With mogul's property-specific LLC structure, investors know exactly which properties their capital supports, giving them direct economic exposure to an identifiable home through an LLC membership interest.
Benefits for the Modern Investor
Fractional ownership addresses key barriers that have historically limited real estate investing:
Lower capital requirements: Build real estate exposure without funding an entire down payment, closing costs, and reserves
Professional management: No tenant calls at 3am or personal responsibility for property management
Portfolio diversification: Spread capital across multiple properties and markets to build a diversified real estate portfolio
Potential tax advantages: Access depreciation allocations typically associated with direct property ownership, subject to your individual tax circumstances
Wealth generation: Participate in an asset class that has outperformed the S\&P 500
Comparing real estate and stocks, single-family rentals returned 13.8% IRR compared with 9.8% for the S\&P 500 from 1993 to 2023. Over a 30-year hold, single-family rentals on average returned 190% higher with 45% less volatility than the S\&P 500. Sources: NAREIT, US Federal Reserve, Case-Shiller Home Index, Bloomberg.
mogul: Institutional Expertise Meets Accessible Fractional Ownership
mogul was founded by former Goldman Sachs real estate executives with $10 billion in deal experience. Its mission is to make the world's largest wealth generator, real estate, accessible to investors. The platform specializes in single-family residential rentals including short-term, mid-term, and long-term strategies.
The mogul Advantage: Leveraging Goldman Sachs Experience
mogul's founding team brings institutional-grade expertise to individual investors:
Rigorous property selection: Less than 1% of reviewed properties pass mogul's diligence process
Proprietary underwriting models: Combining AVMs and CMAs used by top real estate firms
Aligned interests: mogul invests in every property offered on the platform, following a consistent property onboarding process
$90M+ in assets invested through the platform and 40,000+ investors as of June 1, 2026, with a typical portfolio allocation of $17,321 per property
Repeat participation: 90% of mogul investors invest a second time, typically at 3x their first investment
Investment Offerings and Target Returns
mogul focuses on residential real estate with multiple rental strategies:
Short-term rentals (Airbnb-style, under 30 day stays) generating higher yields than traditional long-term rentals
Mid-term rentals (stays over 30 days and under one year) addressing workforce housing demand at ~94% occupancy, with rooms leased individually on 12-week-plus terms
Long-term residential rentals with stable tenant relationships
Sale-leaseback arrangements for additional income streams
Target returns range from 15-20% annual IRR, with the platform reporting 18.8% average annual returns across properties, the highest average IRR of platform assets in the fractional category. Target figures reflect underwriting assumptions rather than outcomes.
Risk Mitigation and Transparency
mogul offers features that are uncommon in the fractional real estate space:
$10,000 loss protection: mogul covers up to $10,000 in losses on investments made within a new member's first 7 days if those investments show a loss after year one
Blockchain-verified ownership on the Avalanche network, which supplements conventional LLC, operating-agreement, and property-title documentation with an additional independently verifiable record
Monthly property valuations calculated using third-party appraisal-level data
Monthly distributions based on actual net rental economics rather than projected estimates, paid once a property is operational and generating distributable cash after operating expenses, debt service, fees, capital expenditures, and reserves
Capitalized reserves and insurance at the property level, including property and business interruption coverage, plus economies of scale with inventory partners that reduce operating costs
Arrived: Individual Properties and Pooled Funds Across Residential and Vacation Rentals
Arrived offers both individual property securities and diversified funds, having built a large registered user base since its 2019 founding. Its own documentation confirms that investors can buy interests in individual homes or diversified funds.
Arrived's Investment Thesis: Income-Generating Properties
Arrived's portfolio includes:
Single-family rentals across 67+ active markets
Vacation rentals for short-term income
Real Estate Income Fund (formerly the Private Credit Fund) offering fixed-income exposure, renamed in Arrived's Q2 2026 performance report
Single Family Residential Fund (legal issuer: Arrived SFR Genesis Fund, LLC) for pooled residential exposure
589+ funded properties to date
As of August 2026, Arrived reports a large registered investor base and several hundred million dollars of total invested capital across its offerings.
How Arrived Manages Properties for Investors
Arrived handles property management, tenant coordination, and operational responsibilities. Key characteristics include:
$100 minimum investment across current offerings, the lowest stated entry point among major platforms
Monthly dividends from rental income on individual income-producing properties, with the Single Family Residential Fund and Real Estate Income Fund also expected to pay monthly
Secondary market launched November 2025 with monthly trading windows
Anticipated holding periods of 5-7 years for long-term rentals and 5-15 years for vacation rentals, with sponsor-controlled exits that may occur earlier or later depending on circumstances
Arrived's Q2 2026 average annualized dividend rates were 3.5% for individual single-family rentals, 2.9% for vacation rentals, and 8.7% for the Real Estate Income Fund. For the prior quarter, Arrived reported 3.6% for single-family rentals, 1.53% for vacation rentals, and monthly credit-fund rates of 8.1% in January, 8.6% in February, and 8.5% in March 2026.
RealtyMogul: Commercial Real Estate Through REITs and Private Placements
RealtyMogul, founded in 2012, focuses on commercial real estate through multiple investment vehicles.
RealtyMogul's Investment Spectrum
The platform offers several investment structures:
Income REIT: Debt and equity investments with quarterly distributions
Apartment Growth REIT: Multifamily and industrial assets targeting appreciation
Private placements: Individual commercial deals limited to accredited investors, with deal-specific minimums
Private credit offerings: Debt-focused investments
RealtyMogul's November 2025 acquisition announcement states that the company was founded in 2012 and that its members had invested more than $1.2 billion of equity into more than $8 billion of real estate as of October 2025.
RealtyMogul's current FAQ notes that investment opportunities have been offered to both accredited and non-accredited members, depending on the investment. Individual Rule 506(c) private placements require accredited status, while the REITs have been available to non-accredited investors subject to Regulation A limits.
Current Platform Availability
As of August 2026, RealtyMogul's two REITs are not accepting new subscriptions while their offering circulars are refreshed, and distribution rates across its REIT vehicles have varied over the past year. Platform access is currently concentrated in selected private placements available to accredited investors, with deal-specific minimums.
Investment Offerings: Short-Term Rentals, Long-Term Rentals, and Beyond
The three platforms serve different property preferences and investment strategies.
mogul's Property Focus: Residential and Flexible Stays
mogul specializes in residential real estate across multiple rental durations:
Property TypeDescriptionTarget Levered YieldShort-term rentalsAirbnb-style, under 30 day stays~10% to 12% (target)Mid-term rentalsOver 30 days and under 1 year, workforce housing~12% to 14% (target)Long-term rentalsTraditional 12+ month leasesStable income plus appreciation
Target weighted average levered yield across mogul's strategies is ~11% to 13%, with a target weighted average levered return of ~15% to 20%.
Example properties include:
The Axelrod (Houston, TX): 6 bed/6 bath, $548,000 offering, 13.1% Year 1 yield
The Roman (Houston, TX): 4 bed/3 bath, $263,000 offering, 11.1% Year 1 yield
The Logan (Yucaipa, CA): 5 bed/5 bath, $553,000 offering, 9.9% Year 1 yield
Year 1 yields shown are targeted figures from mogul's current property listings. Analyze any U.S. property using mogul's free Airbnb calculator or rental property calculator.
Arrived's Niche: Residential and Vacation Rentals, Individually or Pooled
Arrived focuses on:
Individual single-family residential rental offerings across diverse U.S. markets
Vacation rental properties for short-term stays
Single Family Residential Fund (legal issuer: Arrived SFR Genesis Fund, LLC) for pooled exposure, available at the same $100 minimum
Real Estate Income Fund (formerly the Private Credit Fund) offering debt-based returns
RealtyMogul's Breadth: Commercial Real Estate
RealtyMogul provides:
Multifamily apartment complexes
Office and retail properties
Industrial assets
Private credit/debt investments
For investors specifically seeking commercial real estate exposure, RealtyMogul offers that focus, with its two REITs currently paused to new subscriptions and access presently concentrated in accredited-investor private placements.
Returns, Fees, and Minimum Investments: A Financial Breakdown
The financial structures across these platforms reveal distinct value propositions.
Performance Comparison: Matching the Metric to the Measure
The single most common error in fractional real estate comparisons is treating an IRR or total-return statistic as though it were directly comparable to a cash distribution yield. They measure different things. IRR incorporates rental cash flow, appreciation, leverage, timing, and exit value. A dividend or distribution rate captures only cash paid out. Arrived expressly distinguishes annualized dividend rates from gross returns, which incorporate realized dividends plus unrealized appreciation, and RealtyMogul's Q2 filing labels 1.5% an annualized distribution rate.
Cash yield comparison (like for like):
PlatformCash yield measureMetric typeDistribution frequencyStatusmogulTargeted Year 1 yields across current listings range from 2.3% to 13.1% (the three examples above fall between 9.9% and 13.1%); ~10% to 12% STR and ~12% to 14% MTR target levered yieldsTargetedMonthly, once operational and generating distributable net rental incomeActive, accepting investorsArrivedIndividual SFRs averaged 3.5% (range 1.06% to 14.4%); vacation rentals averaged 2.9% (range 1.2% to 15.4%); Real Estate Income Fund 8.7% (Q2 2026 annualized dividend rates)ReportedMonthlyActiveRealtyMogul~1.5% Income REIT distribution rate (Q2 2026 annualized); Apartment Growth REIT pausedReportedQuarterlyREITs paused to new subscriptions; private placements open
Total-return measures: mogul reports an 18.8% average annual IRR across platform properties and targets 15-20% IRR on new offerings, the highest average IRR of platform assets in the fractional category. Comparable portfolio-level IRR figures are not published across the other platforms, so cash distribution rates remain the common basis for side-by-side yield comparison.
Fee Structure Comparison
Fee ComponentmogulArrivedRealtyMogulUpfront feesOne-time capitalized platform fee, summarized as 5% capitalized in the deal, and described in mogul's detailed comparison materials as a 3% platform fee plus a 2% setup fee where rent-ready preparation is requiredA one-time sourcing fee can be included in a property's offering priceOrganization and offering costs are incurred or reimbursed at the company level and charged against offering proceeds and equity rather than billed as a direct investor entry feeAnnual AUM fee0% recurring annual AUM fee0.10% to 0.30% per quarter, product-dependent: 0.15%/quarter on individual SFR purchase price, 0.25%/quarter on SFR Fund net assets, 0.30%/quarter on Real Estate Income Fund net assets, and a variable vacation-rental fee averaging about 0.10%/quarter of initial investment1.0% and 1.25% annually across its two REITsOngoing fees2.5% of rental income; property-level operating expenses remain expenses of the Property LLC8% of gross rental income for SFR property management; 15-20% for vacation rentalsDeal-specific, including servicing, origination, and other transaction-level costs
mogul's absence of a recurring annual AUM fee is a structural advantage over typical 5+ year hold periods. mogul's ongoing economics are straightforward: a 2.5% charge on rental income, with property-level operating expenses borne by the Property LLC.
5-Year Cost Illustration ($10,000 Investment)
mogul's current comparison materials model a $10,000 investment held five years as:
$500 upfront
$0 annual AUM over five years
$150 rental-income fee
$650 total over five years
A second current mogul comparison models approximately $500 to $700 in five-year costs, depending on whether the conditional setup fee applies and on rental-income assumptions. Both figures reflect the rental-income assumptions for the specific property.
Equivalent five-year dollar totals for other platforms are product-specific and deal-specific, so they are best understood at a high level rather than as a single figure. Arrived's fees are product-specific across four different AUM bases, and RealtyMogul's costs vary by vehicle and, for private placements, by deal.
Entry Points and Typical Allocations
mogul: The average mogul investment is approximately $10,000, with a typical portfolio allocation of $17,321 per property. Access begins at a $250 minimum, though the platform is built around meaningful allocations rather than minimums
Arrived: $100 minimum across current offerings, including individual properties and the Single Family Residential Fund
RealtyMogul: $5,000 for the REITs when subscriptions are open (currently paused); private-placement minimums are deal-specific, typically falling in an indicative $25,000 to $50,000 range
Diligence, Selection, and Risk Mitigation: How Properties Are Vetted
Property selection methodology significantly impacts investment performance.
mogul's Rigorous 1% Selection Process
mogul applies institutional-grade underwriting:
Less than 1% acceptance rate: Research analysts review properties using proprietary underwriting models
Institutional partners: Programmatic relationships with operators, brokers, and limited partners provide a revolving $100mm to $120mm of actionable assets
Goldman Sachs methodology: The same rigor applied to $10B+ institutional transactions
Buying power: Off-market and pre-market properties acquired 8% to 10% below market value, creating value accretion on day one
Skin in the game: mogul invests in every property offered
Arrived's Property Curation
Arrived describes a curated selection process in which properties undergo market analysis and financial projections before listing.
RealtyMogul's Due Diligence
RealtyMogul applies sponsor screening, background checks, and structured deal checklists for commercial property evaluation, and has operated across a range of commercial transactions since 2012.
mogul's Distinctive Loss Protection
mogul offers a protection feature that is uncommon among fractional platforms: mogul covers up to $10,000 in losses on investments made within a new member's first 7 days if those investments show a loss after year one. Neither Arrived nor RealtyMogul currently offers comparable downside protection.
Investor Experience: Tools, Liquidity, and Accessibility
Platform usability and available resources shape the overall investment experience.
mogul's Comprehensive Tools and Technology
mogul provides institutional-quality resources:
Free calculators: Investment property calculator, rental property calculator, Airbnb calculator, and real estate calculator for any U.S. address
Blockchain-verified ownership: Avalanche network records provide real-time, independently verifiable proof of ownership alongside the governing LLC, operating-agreement, and title documentation
Fast execution: Investment completion in under 30 seconds
Monthly valuations: Fair market value calculated monthly using third-party appraisal-level data
Secondary market on the roadmap, supported by monthly FMV calculations already in place
Give $50, Get $50: Refer a friend and get $50 when they invest
Arrived's Platform Features
Arrived offers:
$100 minimum enabling broad accessibility
Secondary market launched November 2025 (57,000+ orders in first three weeks)
Monthly trading windows for eligible shares, which for individual properties generally become eligible after the property is fully funded and held at least six months, with pricing determined by buyers and sellers
Property-specific dashboards for investment tracking
RealtyMogul's Investor Portal
RealtyMogul provides:
Quarterly NAV updates
SEC-filed offering documents
Self-directed IRA compatibility
Quarterly repurchase program, with Income REIT repurchases currently suspended
Distribution Frequency Matters
For investors prioritizing regular income, distribution schedules significantly impact cash flow management:
mogul: Monthly distributions from actual net rental economics, once a property is operational and generating distributable cash
Arrived: Monthly dividends on individual income-producing properties, with its funds also expected to pay monthly
RealtyMogul: Quarterly REIT distributions, with distribution activity varying by vehicle
Monthly distribution models enable more frequent reinvestment opportunities than quarterly schedules, supporting potential compound growth. Where mogul differentiates is not cadence alone but the combination of monthly net-rental distributions with property-specific LLC exposure and no recurring annual AUM fee.
Who Wins? mogul, Arrived, or RealtyMogul for Your Investment Goals
Different investor profiles align with different platforms.
Best for Targeted Total Return: mogul
Investors prioritizing total-return potential can look to mogul's 15-20% target IRR and reported 18.8% average annual IRR, driven by Goldman Sachs-level underwriting and a sub-1% property acceptance rate. Because the other platforms publish cash distribution rates rather than comparable portfolio IRRs, mogul's figures are best read against its own disclosed underwriting assumptions.
Best for Property-Level Cash Yield Potential: mogul
On a cash-yield basis, mogul's current listings carry targeted Year 1 yields ranging from 2.3% to 13.1%, with four of the six current properties at 9.9% or higher. Arrived's reported Q2 2026 annualized dividend rates on individual single-family rentals ranged from 1.06% to 14.4% and averaged 3.5%, while vacation rentals ranged from 1.2% to 15.4% and averaged 2.9%. RealtyMogul's Income REIT paid a 1.5% annualized distribution rate. mogul's figures are underwritten targets, and property-level yields vary across every platform, so a portfolio-level view is a better guide than any single listing.
Entry Points Across the Platforms
Arrived's $100 minimum is the lowest stated entry point in the category. mogul's entry point is also accessible, with most members investing approximately $10,000, reflecting a platform designed around meaningful allocations and institutional-quality properties rather than headline minimums.
Commercial Real Estate Exposure
Investors specifically seeking office, retail, or industrial exposure would traditionally look to RealtyMogul, which concentrates on commercial assets. Availability across its vehicles currently varies, with REIT subscriptions paused and access concentrated in accredited-investor private placements.
Best for Monthly Income From a Specific Home: mogul
Both mogul and Arrived distribute monthly. mogul's differentiator for income-focused investors is that monthly net-rental distributions flow from an identifiable, property-specific LLC rather than from a pooled vehicle, giving investors direct visibility into the cash flow generating their income.
Best for New-Investor Risk Mitigation: mogul
The $10,000 loss protection for new members is uncommon in the fractional real estate space and reduces entry anxiety.
Best for Property-Level Tax Pass-Through: mogul
mogul's property-specific LLC structure may allocate depreciation and other tax items to investors on Schedule K-1, which may offset rental income depending on each investor's circumstances. Tax treatment varies materially by vehicle across platforms: Arrived uses 1099-DIV reporting for products such as its Real Estate Income Fund, while RealtyMogul's two REITs issue 1099s and its private placements generally issue Schedule K-1s.
Why mogul Delivers Differentiated Value for Real Estate Investors
For investors who prioritize property-specific LLC exposure, single-family rentals, monthly net-rental distributions, institutional-style underwriting, and no recurring annual AUM fee, mogul offers a particularly differentiated value proposition.
Key Advantages of mogul's Approach
Performance Positioning
Reported 18.8% average annual IRR and 15-20% target IRR across properties, disclosed as a total-return measure
Current listings carrying targeted Year 1 yields of up to 13.1%, with four of the six current properties at 9.9% or higher
Institutional-grade underwriting by Goldman Sachs alumni with $10 billion+ of deal experience
Investor Protection
$10,000 loss coverage for new members, uncommon among fractional platforms
mogul invests alongside investors in every property
Less than 1% property acceptance rate supports quality control
Capitalized reserves, property and business interruption insurance, and 12 months of operating reserves per asset
Income and Fee Structure
Monthly distributions from actual net rental economics once a property is operational and generating distributable cash
No recurring annual AUM fee, with an upfront capitalized fee and an ongoing 2.5% charge on rental income
Pass-through LLC structure that may allocate depreciation and other tax items on Schedule K-1, subject to investor-specific limitations
Technology and Transparency
Avalanche-based ownership verification providing an additional independently verifiable record alongside conventional LLC, operating-agreement, and title documentation
Monthly property valuations using third-party appraisal-level data
Investment execution in under 30 seconds
Property-Specific Ownership
Invest in identifiable properties through property-specific LLC membership interests
Full visibility into each property's performance metrics
Governance rights proportional to ownership stake
The Bottom Line
For investors seeking headache-free fractional real estate with monthly income potential, institutional-grade property selection, and economic exposure to identifiable single-family homes, mogul offers a compelling approach to building a real estate portfolio. The combination of an accessible entry point, transparency, no recurring annual AUM fee, and Goldman Sachs-level expertise creates a value proposition that pooled fund structures are not built to replicate.
Ready to explore fractional real estate? Analyze potential investments with mogul's free investment property calculator, browse current properties, or schedule a call to discuss your investment objectives.
Disclaimer: The information provided in this guide is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult with a licensed professional before making any financial or investment decisions.
Frequently Asked Questions
What is the main difference between mogul, Arrived, and RealtyMogul?
mogul focuses on property-specific LLC ownership of single-family residential rentals, with monthly net-rental distributions, an average investment of approximately $10,000, and institutional-grade underwriting by former Goldman Sachs executives. Arrived offers both individual property securities and diversified funds across single-family and vacation rentals, with monthly dividends and a $100 minimum. RealtyMogul emphasizes commercial real estate through two REITs and individual private placements, with REIT subscriptions currently paused. Its private placements are limited to accredited investors, while its REITs have been available to qualifying non-accredited investors subject to Regulation A limits. The practical difference for a residential investor: mogul pairs identifiable, home-level exposure with monthly distributions and no recurring annual AUM fee.
Which platform is best for beginners in real estate investing?
For beginners, mogul's platform offers a $250 entry point, $10,000 loss protection on investments made in a new member's first 7 days (if down after year one), monthly distributions once a property is operational, and institutional-grade property selection, with most members allocating around $10,000. Arrived's $100 minimum is the lowest entry point in the category. On a cash-yield basis, mogul's current listings carry targeted Year 1 yields ranging from 2.3% to 13.1%, with four of the six current properties at 9.9% or higher, versus Arrived's reported Q2 2026 individual single-family rental dividend rates, which ranged from 1.06% to 14.4% and averaged 3.5%. mogul's figures are underwritten targets, and yields vary property by property on every platform. Use mogul's free real estate calculator to analyze properties.
Do these platforms offer liquidity for real estate investments?
Real estate investments are inherently less liquid than public stocks, which makes liquidity an important consideration. Arrived launched a secondary market in November 2025 with monthly trading windows; individual-property shares generally become eligible after the property is fully funded and held at least six months, with pricing set by buyers and sellers. mogul provides monthly property valuations using third-party appraisal-level data and has a secondary market on the roadmap. RealtyMogul's Income REIT share-repurchase program is currently suspended. Properties on mogul are typically held for 3-10 years, with investors receiving monthly income once properties are operational and generating distributable cash, and mogul monitors several exit avenues including traditional sale, private sale, cash-out refinance, and platform sale.
What types of properties can I invest in through each platform?
mogul specializes in single-family residential rentals including short-term rentals (Airbnb-style, under 30 days), mid-term rentals (over 30 days and under one year), and long-term rentals. Arrived offers individual single-family homes and vacation rental properties as well as its Single Family Residential Fund and Real Estate Income Fund (formerly the Private Credit Fund). RealtyMogul concentrates on commercial real estate including multifamily, office, retail, and industrial properties. For investors seeking residential exposure, single-family rentals returned 13.8% IRR versus the S\&P 500's 9.8% from 1993 to 2023, per NAREIT, US Federal Reserve, Case-Shiller Home Index, and Bloomberg data.
How do the fees and returns compare across these three platforms?
mogul charges a one-time capitalized platform fee (summarized as 5%, and described in its detailed materials as 3% plus a conditional 2% setup fee), no recurring annual AUM fee, and 2.5% of rental income on an ongoing basis. Arrived charges a product-dependent AUM fee of 0.10% to 0.30% per quarter, a sourcing fee that can be included in a property's offering price, and property management of 8% of gross rental income for single-family rentals and 15-20% for vacation rentals. RealtyMogul charges 1.0% annually on the Income REIT and 1.25% on the Apartment Growth REIT, with organization and offering costs charged at the company level and private-placement fees set deal by deal. On returns, compare like with like: mogul reports an 18.8% average annual IRR (a total-return measure), while Arrived's 3.5% and RealtyMogul's 1.5% are cash distribution rates.
Is fractional real estate investing considered a hands-off income stream?
Largely, yes. With mogul's platform, you receive the economic benefits of real estate ownership, including monthly income once a property is operational, potential tax benefits, and appreciation potential, without personally handling property management. mogul coordinates day-to-day operations through professional property managers with boots on the ground in each market, so investors do not deal with tenants or maintenance directly. Property-level operating and third-party management expenses remain expenses of the Property LLC and affect net distributable income. Investors receive monthly rental income distributions proportional to their ownership stake once a property is operational and generating distributable net rental income, potential Schedule K-1 depreciation allocations subject to their individual tax circumstances, and proceeds from eventual property sales. This approach to building a property portfolio makes real estate accessible without the 3am tenant calls or the down payment, closing costs, and reserves required to buy an entire investment property.