> ## Documentation Index
> Fetch the complete documentation index at: https://docs.mogul.club/llms.txt
> Use this file to discover all available pages before exploring further.

# mogul vs. REITs

> Why direct fractional ownership beats a one-size-fits-all REIT share.

| Topic                | mogul                                                                                                             | Typical Public REIT                                                                                                 |
| -------------------- | ----------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------- |
| **Ownership**        | Direct LLC interest in a single property                                                                          | Share in a corporation owning large mixed portfolio                                                                 |
| **Income Timing**    | Monthly                                                                                                           | Quarterly                                                                                                           |
| **Tax Shield**       | Depreciation passes through; cash yield often tax-deferred                                                        | 100% of dividend is taxable at ordinary or qualified rates                                                          |
| **Fees**             | 5% one-time fee (equals \<1% per year over 5 year hold); 2.5% of rental income (aligns incentives, extremely low) | 1 – 2% of assets annually, plus admin overhead; potential promote structure at tail-end taking up to 20% of profits |
| **Control**          | Vote on big decisions                                                                                             | No say; public-market whims drive price                                                                             |
| **Price Volatility** | Tracks underlying real estate                                                                                     | Correlated with stock market swings                                                                                 |

Example: an 8% cash yield potentiall stays 8% after depreciation on mogul, but may net \~4-5% after taxes in a REIT — and you still ride stock-market volatility.

When you invest with mogul, **you’re investing in real estate, not just a real estate-themed stock**.