Relli vs Mogul (mogul.com): Model, Fees, Who Can Invest

Two models

How do Relli and Mogul differ on model, fees and who can invest?

Mogul sells small interests in homes it buys itself, and Relli lists other sponsors' offerings, so the two are built in opposite ways. Mogul (mogul.com) buys rental homes itself and puts each one in its own limited liability company (LLC). Mogul sells fractional interests from $250 through what it calls an investment club, with no accreditation required.

Relli lists offerings from independent sponsors, who make them under the U.S. Securities and Exchange Commission's (SEC) Regulation D, mostly Rule 506(c). Most offerings on Relli are for accredited investors, and the sponsor confirms eligibility before you invest. You talk to the sponsor directly.

Mogul is also not RealtyMogul, and the two are unrelated companies. The BrokerCheck record for MOGUL SECURITIES, LLC belongs to a former RealtyMogul subsidiary with a terminated registration.

The rows start with who buys the property and how each platform offers investments. Those two facts decide most of the others.

Mogul's model

What is Mogul (mogul.com, formerly mogul.club)?

Mogul is a fractional rental-home platform run by Mogul Technologies, Inc., which does business as "Mogul or Mogul Club." The old mogul.club address now redirects to mogul.com. On October 20, 2026, its site named Alex Blackwood as CEO and Joey Gumataotao as COO. The site gave Washington, DC as its base and listed "13 Employees, as of September 28, 2026."

Mogul's public property feed showed 161 properties, mostly single-family and short-term rentals in Georgia, Arizona, Texas, Florida and Virginia. Mogul says it pays distributions monthly.

How does Mogul's investment club structure work?

Mogul's investment club structure has three parts, in Mogul's own words: "We purchase the property... We form an LLC... fractionalize the ownership." Each home sits in its own LLC with Mogul as the initial manager. Investors buy interests in that LLC through the club.

The sample operating agreements Relli read state that the interests are not registered under the Securities Act. The agreements also include a section titled "Compliance with Regulation D" that does not name a specific rule.

Mogul's site footer addresses the structure directly. In capital letters in the original, it says: "Investments on the site are set up as an investment club, however, the Securities and Exchange Commission has not approved the same directly as an investment club." It adds that the user "accepts the risk that the Securities and Exchange Commission may deem the transactions contemplated hereunder to be deemed securities."

Public records

Is Mogul real estate legit, and what do the public records show?

Public records checked on October 20, 2026, show no SEC offering filing and no enforcement action for Mogul. The records cannot tell you whether Mogul is a good investment, but they do show how it is set up. Relli searched the main federal databases for Mogul Technologies, Inc. and the LLCs that hold its properties:

• The Financial Industry Regulatory Authority (FINRA) showed no record for Mogul in BrokerCheck or in its list of funding portals (updated October 13, 2026). The SEC's adviser search showed none either. Mogul's footer says it "is not a registered broker-dealer or investment advisor."
• SEC EDGAR company, entity and full-text searches found no Form D, Form C or Form 1-A for Mogul Technologies or its property LLCs. The same method found RealtyMogul's filings, which confirmed it works.
• No regulatory or enforcement action turned up in EDGAR, BrokerCheck, the SEC adviser search or web searches. The Consumer Financial Protection Bureau (CFPB) complaint database showed no complaints. State regulator and court records were not checked.

A missing filing is not proof of wrongdoing. SEC staff say filing Form D "is not a condition to the availability of the exemption" (Securities Act C&DI 257.07). Mogul's own disclaimer also says the SEC may treat its transactions as securities. In practice, Mogul's website and governing documents are the main sources of information about each property.

The same searches for Relli also return no BrokerCheck or adviser record. Relli's footer says it does not act as a broker-dealer. Under each Relli offering sits the sponsor's own exempt offering under Regulation D. The guide to researching a real estate sponsor shows how to find a sponsor's Form D filings on EDGAR.

Costs and access

What does Mogul charge, and what is the minimum?

Mogul's minimum is $250, and Mogul says it collects a "5% fee capitalized in the deal" plus "2.5% of rental income." The 5% is capitalized, so it is paid out of the money raised for the property rather than billed to you separately.

On Relli, sponsors pay the platform a subscription to list. Each sponsor's own fees are set out in its offering documents. Those fees can include acquisition, asset management, promote and disposition fees. The sponsor fees guide shows how to add them up.

Who can invest on each, and how is each one set up legally?

Mogul says no accreditation is required to join its investment club, while Relli lists sponsors' private offerings, mostly for accredited investors. Mogul's investments start at $250, payable by card, PayPal, Venmo or USDT (mogul.com and Mogul's help documents, accessed October 20, 2026). Legally, Mogul presents each investment as membership in an investment club that owns one property's LLC. Its footer says it is not a registered broker-dealer or investment adviser.

Relli works under the SEC's private offering rules instead. Most offerings are made under Rule 506(c), which lets a sponsor advertise. The rule requires that every buyer be accredited and that the sponsor take "reasonable steps to verify" it. Relli itself is a listing marketplace: you sign and fund with the sponsor, following its offering documents.

What you own

What do you own: a fraction of a rental or a stake in a sponsor's offering?

A Mogul investor owns a fraction of one rental home's LLC, while a Relli investor owns an interest in a sponsor's offering. The Mogul home is usually a single-family or short-term rental, with Mogul as its manager.

The Relli offering can be one property, a portfolio or a fund across multifamily, retail and fund structures, plus some energy joint ventures. The sponsor manages the investment: the acquisition, the tenants, the operations and the reporting.

Who you can question is part of the difference. After you Express Interest on Relli, the sponsor's team typically reaches out within a day, by video call or phone. You can then ask the people running the deal about its terms and risks.

How do payouts and exits compare?

Mogul says it pays distributions monthly, while Relli offerings pay on each sponsor's schedule, as set in its documents. Mogul's secondary market for selling interests is listed as "coming soon." Relli offerings have no secondary market. Private real estate is illiquid, so expect to hold for the full term, often several years. The guide to how exits work in private real estate explains the options that exist.

Fit check

Is Mogul a good investment, and which platform fits you?

Whether Mogul is a good investment depends on what you want to own and how you want it set up. Relli does not score or rank Mogul. Mogul's own disclosures say that, unless noted otherwise, its return examples are "based on hypothetical or simulated investing." Read each property's documents before relying on any figure.

Checked Oct 20

How did we check Mogul and Relli?

Relli ran every check on October 20, 2026. For Mogul we read mogul.com (home page, how-it-works page, FAQ, footer and disclosures), its help documents and sample property operating agreements. We then searched SEC EDGAR, FINRA BrokerCheck, the SEC's adviser search, FINRA's funding portal list and the CFPB complaint database. For Relli we used relli.co.

• No platform paid to be included, and nothing here is scored or ranked.
• Mogul's disclaimer is quoted in its own words. This page does not characterize Mogul's legal status.
• State securities regulators and court records were not searched. We re-run every search when the page is updated.

More answers

Is Mogul the same as Mogul Club, and does Relli offer fractional rentals?

Mogul and Mogul Club are the same company, and Relli does not offer fractional rentals like Mogul's.