Mogul Launches Blockchain-Powered Real Estate Investment Clubs
Real estate startup Mogul is leveraging blockchain technology to facilitate fractional ownership in rental properties. The company announced today that its Mogul Clubs platform, built on the Avalanche C-chain, has exited beta.
Aim: Simplified, High-Return Real Estate Investing
The goal of Mogul Clubs is “to give investors seamless access to high-yield, single-family rentals across the US without the typical capital barriers or landlord headaches,” according to the company. Partners include Ava Labs, the developer behind the Avalanche blockchain.
Mogul, founded by former Goldman Sachs professionals, has already managed over $22 million in assets. They report achieving 10-12% cash-on-cash returns and an average IRR of 18.8% for investors.
How It Works: Fractional Ownership Via Blockchain
When an investor funds a deal using USDT or a wire transfer, Mogul creates a proprietary on-chain property NFT representing their fractional ownership interest in the underlying LLC. These tokens are custom-issued on Avalanche (ERC-1155 compatible) contracts, ensuring ownership records, distributions, and votes are immutably recorded.
Access: Over 30 Clubs, Minimal Barriers
Retail investors can join more than 30 clubs. Properties are rigorously vetted, with Mogul CEO Alex Blackwood stating, “Mogul has a vetting process even stricter than Harvard’s, with less than one percent of properties ultimately making it to the platform.”
A minimum investment of $250 allows anyone, without a real estate license, to participate in these investment clubs.
Additional Tools
Mogul also provides a suite of calculator tools for potential investors on its website.