Rich-Uncles.com Review – Is it a scam?

Rich Uncles of Rich-Uncles.com is a website that claims to offer members with opportunity to start investing in real estate. The industry is often perceived by many as only available for those who have a large amount of cash to purchase income-producing properties. The goal of the website is to make real estate investing available for everyone. It does the job through Real Estate Investment Trust or REIT.

More about Rich Uncles

REIT is like crowdfunding where the money comes from several investors and use the capital to buy properties. It claims that REIT is exempted from taxes as long as certain standards are met. This includes the distribution of 90% of taxable income. Income from properties are then distributed among members in the form of dividends.

The company uses the internet for advertising, claiming that this reduces the overhead costs and increasing the dividend to be distributed among members. Anyone can invest in Rich Uncles for as low as $500.

Final thoughts on Rich-Uncles.com

Real estate investing is a good way to make your money grow. However, you shouldn’t just sign up for any form of investment opportunity just because it offers you great opportunity to grow your hard-earned money. As a rule of thumb, you shouldn’t get into something without full knowledge on it. Rich Uncles may sound like a good investment but there are details that you should look into first before signing up. These include how it works, how you receive your money, how they choose the investment properties, etc.

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