On June 1st, 2018, the Tulsa Real Estate Fund launched their offering for the community to invest in. Although the name says Tulsa Real Estate, it is only paying homage to the location of the First Black Wall Street.

Tulsa Real Estate Fund is an SEC qualified Tier 2 crowdfund and economic vehicle inspired by the historic Black Wall Street of Tulsa, Oklahoma, created for the revitalization of urban communities and as a means for investors to own shares and equity in a portfolio of real estate assets that will combat gentrification.

The prospectus can be viewed here.

There have been discussions posted about red flags because you cannot withdraw funds for the first year, the fee for investing, about them not being based in Tulsa, and potential risk. All of which can be resolved by doing your own due diligence as with any investment.

The 8% return is NOT guaranteed. There are no guarantees in the investing world. You should not put money into an investment that will impact you if you do not get it back.

The fee is based on the yearly Capital Account Balance. It is what pays the utility bills for the Manager (there are no other “Manager expenses” paid to the Manager). Every equity crowdfunding platform charges fees, and I believe Kickstarter and GoFundMe do as well. This is nothing new.

When you participate in equity investing, you are in it for the long haul. There are not many investments that allow you to withdraw your money early. For equity crowdfunding, you cannot expect to earn money back on your investment prior to year 3 at the minimum.

We do not provide investment advice and suggest you always do your own homework from an unbiased point of view. Diversification is always the best way to go.