Two Former Goldman Sachs Execs Want to Make Real Estate Investments More Accessible – Here’s How
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First-time real estate investors can face several hurdles when trying to get started: high upfront costs, dealing with tenants and maintenance, finding and closing on a suitable property, and the fear that your initial investment won’t see a return, just to name a few.
Now, there’s a company that handles all the grunt work and provides a money-back guarantee on your initial investment.
Introducing mogul, the simplest way to own income-producing blue chip real estate.
Founded by former Goldman Sachs executives who have closed more than $10 billion in deals, they handle the sourcing, underwriting, and day-to-day management of every property.
To remove first-time jitters, mogul gives new investors their First-$10k Protection Guarantee: If your initial investment of up to $10,000 loses value in the first year, mogul refunds every lost dollar.
Investors in mogul portfolios have earned an average annualized return of 18.8%, paid out as monthly rental income plus appreciation.
Start building a diversified property portfolio in minutes while mogul absorbs the downside.
‘If we ever brag about a 4% IRR, I will quit’
Alex Blackwood and Joey Gumataotao, mogul’s co-founders, routinely surpassed 15-20% annual returns when closing deals at Goldman Sachs. When they looked at other real estate investment platforms at the time, they found those companies would often brag to those investors about 4% annual returns on billions of dollars.
As Alex says on mogul’s website, “If we ever brag about a 4% IRR, I will quit immediately.”
To date, properties in mogul’s portfolio have generated an average 10-12% annual cash-on-cash yield that hit users’ accounts as rent dividends each month. When long-term appreciation is included, historical performance rises to an 18.8% annualized returns, giving investors both regular income and capital growth
Part of their success is due to the fact that mogul mogul approves fewer than one percent of properties reviewed. Each candidate asset must clear a 12% bear case hurdle rate before moving to the next level of diligence.
You can browse eligible properties on mogul’s website and buy part or all of a house in under 30 seconds, or use the same data and tools available to top real estate firms to underwrite any property across the U.S.
Rent collections are aggregated and distributed to investors every month. At the same time, independent third-party valuations refresh inside your dashboard, letting you watch equity climb in real time while still enjoying depreciation and other pass-through tax advantages unique to real estate.
More than $1.2 million was invested on mogul last month.
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