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- Modiv is a real estate investment platform offering real estate investment trusts (REITs) and IRAs.
- The platform has a $ 1,000 minimum requirement, but no advisory fee.
- As long as you maintain a $ 1,000 account balance, you will not have to pay a custodial fee for your IRA.
- Click here to set up an account with Modiva.
Formerly known as Rich Anytes, Modi is an investor-owned real estate crowdfunding investment platform. Provides modive commercial real estate investment through publicly listed and non-public real estate investment trusts (REITs). REITs trade on an exchange like publicly listed shares, while non-public REITs – which are usually more unique (harder to convert to cash) – do not.
When you invest in one of Modiv’s REITs, you will purchase shares of Modiv’s commercial real estate. The company currently has investments in 14 states.
Under the leadership of CEO Aaron Hoffekre, the company says it has more than $ 400 million in assets under management with about 10,000 individual investors.
While Modive is a good option for investors to focus solely on REITs, Funds Fund offers at least a wide range of account and investment options. FundRed and Modiv are also unlisted.
Options, but fundrage is a better option for other investments such as electronic real estate funds and IPOs.
On the other hand, Groundfloor may be a better fit for those looking for short-term real estate investment. Its unique investment options – Limited Recruitment Obligations (LROs) and securities notes – range from six to 18 months.
If you’re ready to stay on the REIT course, though, keep reading to see what Modiv offers.
Individual Brokerage Accounts: Here’s how it invests With REVIS Investments of Modivis: Modiv’s team of real estate professionals selects which properties are in your investment. Those properties – which have tenants who pay monthly rents – earn you taxable cash disbursements every month.
Self-Directed IRAs: The Modive Investment App also partners with Forge Trust to provide self-directed IRAs. These accounts do not include any custodial fees, and the difference between self-directed IRAs (SDIRAs) and traditional IRAs is that its SDIRAs allow you to include real estate assets in your portfolio, according to Modiv.
As long as you maintain a minimum of $ 1,000, Modiv will cover all custodial and setup costs for your IRA.
Educational Resources: Modiver does not provide many educational materials for beginners Investment Forum provides a FAQ section and investment news and insight posts, but it may not be the best option for newbies who want more support and guidance.
Better Business Bureau has given Modiv (formerly Rich Unions) an A rating. The BBB rating ranges from A + to F, so this indicates that Modiv has excelled in its customer interactions.
The BBB also states that its rating reflects its opinion about how a business is likely to interact with its customers. When evaluating companies, the bureau considers the type of business, time in business, complaint history, licensing and government functions, and more.
In 2019, the US Securities and Exchange Commission (SEC) assigned Rich Unickers’ external advisor, BrixInvest, LLC, a cease-fire order and a $ 300,000 fine for securities law violations. According to the BBB, the company has closed a complaint in the last 12 months.
Ricky Houston is a wealth-creation reporter at Personal Finance Insider covering investment, brokerage, and wealth-building products.