GroundfloorReviews of groundfloor.com

With many investment vehicles spread out amongst other platforms and several years of experience in real estate, I will say Groundfloor is one of the most hands off and carefree ways of investing in real estate. It’s incredibly easy to follow and allows for picking and choosing each investment or simply picking a large lot of properties for speed and simplicity. The properties can be researched for their potential by looking up their location and condition. There's no mystery to the investment. Since Groundfloor opened the Cash Advance investment vehicles to all investors, things have really gotten impressive. Most of my investments go to the Cash Advances and Labs. It's a steady and predictable cash flow. It doesn't have as big of a return as the LRO's, but they are consistent and regular. Most properties are rated from A to D as a safety rating for repayment. Each rating varies in interest rate for an investor’s return based on the risk level. So, it’s not difficult to pick the safer options. If an investor chooses to be hands off, they can pick the new Flywheel platform that makes their deposits distributed equally among all properties to ensure a more stable return average without having to pick each investment. This method also spreads out risk and is perhaps the safest option, in my opinion. In the several Defaults I've had, only 1 property ended up being a financial loss. Just 1. The others were actual gains even after the Foreclosures because the loans are still earning interest during this timeframe AND because the loans are for LESS than the value of the properties. So, when they get sold or auctioned, they tend to bring in enough to repay the loans, in my cases. Think about that, even the Defaults bring in a profit. This is incredibly simple. I can't understand how there's anyone complaining about their experience. Someone else is doing all the work, investors are just loaning the money. After several years on Groundfloor, I have to say it’s one of my favorite investment vehicles. Remember, this is Real Estate. It's a large and slow-moving machine. You have to be patient and accept that these properties take months, and years sometimes, to flip or foreclose. You MUST understand that. The upside to this is safety. RE tends to be a safer investment than more liquid options like stocks or crypto, in my opinion. Slow and Steady wins the race. This is investing. We have to understand that.

I am a real estate investor of about 20 years - in single family properties. I decided to dip my toe in with Groundfloor - a crowd funding format to fund single family home rehabs / flips across the country, during one of the largest run-ups in home pricing in history (2022). This means flipping should be a no brainer when prices are continually rising. I invested in 6 properties. One (1) paid off and I earned my 10% annual return rate. 5 are in default with no viable means of recovery for Groundfloor. I am expecting maybe 50 cents on the dollar (lose half my investment) after the foreclosure and resale process finally concludes 3 years later after my initial investment - so add "lost opportunity" on top of the 50% loss and it's probably closer to a 70% loss in this investment environment. This company is a joke. DO NOT waste your money on them.

Great way to invest

Good and fun to use scary at times

You cannot link a new bank card to your account. I had to replace my card that I used to open the account, Now I cannot link a new card to my ground for account.

Not sure if this company can be trusted with your investment. 3 property i invested went to default and noone knows when i can get my investment back. the money was invested for6-9 months and it has been 2 years! very unhappy

The site is easy to use, it provides a wealth of information. I love the projection tool. I also like having everything available in one spot .

I have been an investor on this platform since 2019. The experience and customer service was great in the first couple of years but it has gone downhill since then. All of my LRO investments have been in default status for months, and some for years. Now it appears they are holding investor funds even on investments that have been completed. The property backing this particular investment (construction equity deal) was sold over a month ago and yet they still have not disbursed the funds back to the investors. Expectation: "You will receive a one-time payment of your earnings directly into your Groundfloor account upon liquidation of the asset" Reality: It has been over a month since the property was sold and still no return of principal or earnings. Expectation: "Monthly emails will be sent to update investors on relevant metrics related to your investment, similar to our investor updates." Reality: Not a single update was sent to investors during the entire 14-month duration of the project, which by the way was twice as long as they originally projected, which cuts the projected IRR in half. I would not be posting this review if Groundfloor would just communicate with the investors on what is going on. I am hopeful this can get resolved soon.