DiversyFund Anmeldelser 

673
•
TrustScore 1 av 5

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Se hva andre synes

Vurdert til 1 av 5 stjerner

I invested in diverse fund in 2021 I have since received 1 distribution of a measly $5.00 this is by far the absolute worst company to invest in because one they do not produce, #2 it take a minimum o... Vis mer

Vurdert til 1 av 5 stjerner

They do not respond because they lost all investors money there broke ho ck out there recently files with the. S.e.c. pay out in 2027 never going to happen. 🤨and the worst part is we can't even sue t... Vis mer

Vurdert til 1 av 5 stjerner

Opened REIT I in June 2020, and basically I lost 25K. They are currently battling a lawsuit and they have no cash funds to pay the debts and the liabiities much less the investors. They keep extendin... Vis mer

Vurdert til 1 av 5 stjerner

SCAM, SCAM, SCAM!!! I invested six years ago and have not received any of my initial investment back. The company does not provide a phone number for customer support; all communication must be con... Vis mer

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DiversyFund is a full service online crowdfunding platform for real estate that serves to connect investors to high-quality real estate investment opportunities. Our mission is to revolutionize and simplify the process of investing. By creating a virtual, transparent, and real-time platform, our vision is to be the catalyst for investor’s long term investment goals.


Kontaktopplysninger

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Dårlig

TrustScore 1 av 5

673 anmeldelser

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90 anmeldelser i de siste 12 månedene

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Vurdert til 4 av 5 stjerner

Interested to invest on real State

I always was interested to invest on a real state and when I saw that this company that was involved on commercial real state properties then I choose to give it a try. I would like for them to drop the minimum amount of investment to $100.00 from $500.00. I think that it is easier for middle class income workers and low class income workers to bring up to the table $100.00 than $500.00. What I would like to know is the following; how much penalty I will have to pay to the IRS if I decide to remove my investment? what is the % that the IRS is going to apply me if I decide to quit investing?

8. desember 2022
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Vurdert til 2 av 5 stjerner

I put my money in in 2015

I put my money in in 2015. It just sat there although I'm sure they used it. I recently 2021 got an email from them. I have still not been able to invest in anything. Several projects but all are fully funded? Hmm sounds like a good way to not pay a return to me!

17. november 2022
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Vurdert til 1 av 5 stjerner

This is the VERY worst real estate…

This is the VERY worst real estate platform that I have invested in. They give you no personal information to see how your investment is doing. They are hard to pin down with any information and from what I can gather have not even made 5% return on my investment.
STAY AWAY.

5. mai 2022
Anmeldelse skrevet uten oppfordring
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Svar fra DiversyFund

All investors receive regular email updates and have access to the investor portal, where the performance of your investment is clearly tracked. If you're having trouble logging in or locating the latest communications, our support team can assist, just reach out to investorsupport@diversyfund.com.

It's also important to remember this is a long-term investment strategy, not a short-term flip or stock trade. Returns are realized at liquidation, which begins December 31, 2025, as has been communicated in multiple webinars and updates.

We are committed to transparency and timely communication and always happy to walk investors through any questions or concerns.

Vurdert til 1 av 5 stjerner

I put in only $1500

I put in only $1500, 3yrs ago into this scam company. I’ve only made $150 bucks. This company shouldn’t receive any stars

4. oktober 2022
Anmeldelse skrevet uten oppfordring
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Svar fra DiversyFund

Hi there,

Looks like you are confused about how the investment works, please see the following:

Why haven't I received dividends in a long time?
DiversyFund Growth REIT is intended to be a growth asset and not as much an income asset. In the beginning Dividends were paid out of income as the company was identifying and purchasing properties. Once the investment was fully funded, the company stopped the dividends and started putting all the investment money and income into purchasing good properties and making improvements to the properties to be able to raise rents and eventually sell the property for a higher profit (Growth Oriented).

How long before I start seeing returns on my investment?
Returns will primarily come as properties in the Fund are sold for a profit. Over the last few months, 3 properties have been sold and DiversyFund is planning on a Distribution toward the end of the year. REIT's are required to distribute 90% of profits annually to investors, but keep in mind this is a net number. Some of the funds were reinvested into new properties with good potential as well.

How long before I can get my money out?
The investment term was 5-7 years for REIT I. We're toward the end of the 5 year period, but the company has chosen to take the extended 2 years to continue the property improvements and/or give time to raise rents after improvements to improve property sale value. As properties are sold, we'll see more disbursements until all properties are sold and funds+ profits are received.

Vurdert til 1 av 5 stjerner

This company is a mystery

This company is a mystery. I put in money a couple of years ago. I've never hear anything from them. No statements, e- or otherwise. The most puzzling part is that when I log into my account, the investor screen is blank. Before I invested, I thought i had read enough. I understood that it's a longer-term investment (3+ years). But to not be able to see anything, even the initial investment amount and date, is really suspicious. Perhaps the SEC, which they say they are 'monitored by' (I should have done this research ahead of time), needs to hear from us. Basic accountability is necessary in a legit company.

5. september 2022
Anmeldelse skrevet uten oppfordring
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Svar fra DiversyFund

Hi there,

Apologies for the trouble you have had accessing your account. Please email us at hello@diversyfund.com if you still are not seeing your account. Yes we are indeed SEC regulated. Please see the following of how the investment works:

Why haven't I received dividends in a long time?
DiversyFund Growth REIT is intended to be a growth asset and not as much an income asset. In the beginning Dividends were paid out of income as the company was identifying and purchasing properties. Once the investment was fully funded, the company stopped the dividends and started putting all the investment money and income into purchasing good properties and making improvements to the properties to be able to raise rents and eventually sell the property for a higher profit (Growth Oriented).

How long before I start seeing returns on my investment?
Returns will primarily come as properties in the Fund are sold for a profit. Over the last few months, 3 properties have been sold and DiversyFund is planning on a Distribution toward the end of the year. REIT's are required to distribute 90% of profits annually to investors, but keep in mind this is a net number. Some of the funds were reinvested into new properties with good potential as well.

How long before I can get my money out?
The investment term was 5-7 years for REIT I. We're toward the end of the 5 year period, but the company has chosen to take the extended 2 years to continue the property improvements and/or give time to raise rents after improvements to improve property sale value. As properties are sold, we'll see more disbursements until all properties are sold and funds+ profits are received.

Vurdert til 1 av 5 stjerner

Bad experience with Diversyfund.

Don't be fooled by slick slogans and beautiful pictures of exclusive properties. I am an investor in DiversyFund multiproperty growth fund and Series A convertible note. This has been a horrible investment. First of all the platform offers no liquidity or transparency. There is no set time frame for when you could expect payment of your principal or profis. Their quarterly updates are uninformative and vague. Good luck trying to get a person on the phone to redeem your investment.
I have requested for the convertible note to be redeemed as per and according to the provisions of the note. They told me they didn't have the funds to pay me back upon the note coming due. It has taken 17 months for me to see my principal and some interest paid on the note. I say some cause they refuse to pay interest on the amount that has accrued during the past 17 months when it was in default despite it being in the provisions of the note.
I have no expectations of ever seeing returns on my investment in the multi property growth fund. I have asked several times but have yet to get a update on the valuation or expected payoff time frame on the portfolio. There are many options for those interested in investing in real estate. Crowd street and Yield street are two much better platforms for accredited investors. Unaccredited investors would be better off investing in a publicly traded Reit or etf. I strongly recommend that investors avoid dealing with this company.

23. juli 2022
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Vurdert til 1 av 5 stjerner

I strongly advise you to NOT invest…

I strongly advise against investing with DiversyFund.

According to their REIT documentation, investors were told they could expect a return of over 6% annually and would be able to withdraw funds after one year. In reality, I earned only nine dollars over an entire year, and my requests to withdraw my investment have been denied.

DiversyFund claims they cannot return my money because they are not currently in a "liquidation process." Their communication has been inconsistent and evasive, with numerous excuses offered instead of solutions. Dividend payments have not been made on time, and transparency is severely lacking.

In my opinion, this operation shows many red flags and could easily become the subject of a major investigation or exposé—perhaps even on 60 Minutes. Proceed with extreme caution.

29. juni 2022
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Svar fra DiversyFund

Your comment suggests there may have been a misunderstanding of the investment terms. When you invested, you signed an Offering Circular that clearly outlines the illiquid nature of this real estate investment. Unlike a short-term or publicly traded option, funds are not available for early withdrawal because they are tied up in physical real estate assets.

Once the liquidation process begins, investors will begin receiving their returns.

We encourage you to consider your investment goals and risk tolerance carefully in the future, and we’re always available to help clarify the nature of long-term real estate strategies.

Vurdert til 1 av 5 stjerner

$0 dividends after 5 months... stay away

It's been nearly 5 months since I received a dividend after investing 5 figures... this company is the worst! Do NOT invest with them. They do not have any clear communication about what's happening with your money. They don't post your account statements in the portal, you have to go and ask for them - what are they hiding? Oh, their POOR performance.

I am so disappointed that I trusted their website and invested with them. Now my money is stuck until this REIT closes.. and I will barely get any returns. It makes me sick thinking about what I could've done with that money instead. This is the biggest disappointment. Take your money to a company who actually cares.

29. mars 2022
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Svar fra DiversyFund

The REIT is designed to build wealth over an extended period of time. We acquire multifamily properties with approximately 200+units and do what is called a "value-add play". We add value to the building via renovations, this allows us to increase rents and it also means the renovated building is worth more than what we acquired it for. The properties we acquire are typically in areas with strong job growth and population growth and vacancy rates below the national average.



Dividends are generated monthly from incoming rents and automatically reinvested on your behalf, while the fund is open for funding. Once the funding stage is complete, the investment term is approximately 5 years, allowing us to renovate and add value to the properties. Real estate also naturally appreciates over time. All of these things combined allow us to target a higher return.



I've provided a few links below that might interest you:

https://www.youtube.com/watch?v=llUC7YLD77Q
https://diversyfund.com/how-it-works/?utm_expid=.F35yes2DRdOZOemscOFglA.0&utm_referrer=https%3A%2F%2Fdiversyfund.com%2F


Vurdert til 3 av 5 stjerner

not sure they are legit

Updated: They did respond to my inquiries and posted more dividends to my account. The dividend was painfully small, under $2. I have added a star, total of 3 up from 2 stars. The website is lack luster and I am still not 100% sure it isn't a scam.

Original: Started investing with Diversyfund a few months ago and like others that have offered factual reviews I am finding their dividend system is not actually what they say it is. They say on their website that dividends are posted by the 15th of each month. Since I started investing there has been no payment on or before the 15th and the one dividend I did receive was a very low amount(under 2 bucks for a $500 investment). Straight answers and timely answers to inquiries does not seem to be a priority for Diversyfund. This company appears to be deceptive, inept or more than likely both. Stopping short of calling them a scam, I do believe I have lost my money. 2 stars because I have a little hope left. I should have stuck with just investing with Fundrise.

21. mars 2022
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Vurdert til 1 av 5 stjerner

It seemed to be growing nicely on the…

It seemed to be growing nicely on the investments, but suddenly in October of 2021 they stopped posting dividends to any of my investments, they made it near impossible to see the progress or documentation around my investments, there’s no information on when my investments will mature, and responsiveness from support is non existent.
At this point and based on the above, I’m assuming they stole my money.

They claim to provide dividends monthly but they stopped doing so in October 2021. Their app now has under 100 users and is reduced to no useful functionality, and the one responding to stuff just copied templates and doesn’t actually address the support question. They lost my trust and the latest is that my investment counter is not 5 years from when I start “investing”, but 5 years from when their REIT is fully funded.

16. mars 2022
Anmeldelse skrevet uten oppfordring
Logoen til DiversyFund

Svar fra DiversyFund

The REIT is designed to build wealth over an extended period of time. We acquire multifamily properties with approximately 200+units and do what is called a "value-add play". We add value to the building via renovations, this allows us to increase rents and it also means the renovated building is worth more than what we acquired it for. The properties we acquire are typically in areas with strong job growth and population growth and vacancy rates below the national average.

Dividends are generated monthly from incoming rents and automatically reinvested on your behalf, while the fund is open for funding. Once the funding stage is complete, the investment term is approximately 5 years, allowing us to renovate and add value to the properties. Real estate also naturally appreciates over time. All of these things combined allow us to target a higher return.

I've provided a few links below that might interest you:
https://www.youtube.com/watch?v=llUC7YLD77Q
https://www.youtube.com/watch?v=llUC7YLD77Q

Vurdert til 1 av 5 stjerner

Something strange with this company

Something strange with this company. First, no monthly statements just a posting of your original agreement each month. Second, my auto investing just abruptly stopped in one fund called Growth and started up in another fund called Growth II but I never signed an agreement for Growth II so it took my electronic signature and just signed the new agreement. What made it worse is that they claim after a few emails that original investment fund was closed but I still see on website that I could invest in that fund and the dividends stopped in that fund which they said is because it is going into phase II of the process so I will no longer get monthly dividends anymore and stated they sent a notice of this change. I looked all in emails and complained its not there then suddenly a week later they sent one explaining why no more dividends and in a year they expect to give cash dividends but will keep updated on your investments which how can they do that if they do not give you a monthly statement. Lastly on website they keep talking about 1099 which my accountant needs for 2020, thats fine if I need it to file taxes last year but we are in 2022 now so should say 2021 tax forms, because I opened the account in 21 not 2020. I do auto invest but have stopped monthly auto investment until they can get act together. If you are investment company you can surely give monthly statements of your money invested, and I am not talking about online screen that shows your transactions and dividends, like monthly statement or quarterly statements like most companies do. I do like this idea and hope that it can turn around but do not like the secret stuff like just stopping your auto deposits and dividens and they siging a new contract using your old fund electronic signature and I did notice the wording in new contract did change from original one so that would require a new signature not auto populate which I intend to report to FTC because you do not just self populate contracts using electronic signature from one contract to a new contract when you abruptly change investment vehicles or if you alter the wording from first contract to second.

27. januar 2022
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Vurdert til 1 av 5 stjerner

Scam company that isn't posting dividends

This company is a scam! I deposited money in early September, which didn't clear for almost the entire month. I didn't receive emails October or November about my dividends posting (should have been on the 15th of each month). After numerous complaints to their horrible joke of a customer service, they told me it was a technical glitch with the dashboard. They have yet to provide me any proof that the dividends were posted. I have reached out to them about 25 times now with just the same responses about the dashboard glitch. I've filed complaints with the SEC and BBB and welcome any ideas on how to get a fairly large sum of money out of this illiquid fund, which is clearly a fraudulent company.

13. desember 2021
Anmeldelse skrevet uten oppfordring
Vurdert til 1 av 5 stjerner

Crickets, when you request assistance w/ account

Have "left a message" three times w/ their web chat bot over the past week and still my issue has not been addressed.

Don't try to call the phone number you have to "google" to find, because you will just get a Voicemail Box w/ the same results as w/ the chat bot -NOTHING!

Interesting when you ask the "HELP" bot about withdrawing your money, this is the response:

DiversyFund · Bot
I couldn't find any relevant articles.
You can ask another question.

Will be withdrawing my funds when I finally speak to someone, in this day and age it is unacceptable not to be able to talk to someone or at the very least get a timely response to a request.

22. november 2021
Anmeldelse skrevet uten oppfordring
Vurdert til 1 av 5 stjerner

A really poor customer service

A really poor customer service. It's almost imposible to know about the investment status at any stage of it. I used the promo code Diversy50, and it was a joke ...Diversyfund doesn't honor the promo code.

7. oktober 2021
Anmeldelse skrevet uten oppfordring

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