I am a big fan of Groundfloor I am a big fan of Groundfloor. One thing that could be improved is the way the updates on LROs are communicated. We have to individually go to each LRO and click on it to see updates (if any), which are posted at random times, and are not very helpful (i.e., it doesn't necessarily tell us the expected repayment date, or explain how long a foreclosure might take etc...). I wish updates were more easily visible so we don't have to go click and take a chance for each LRO and more explanatory for real estate rookie investors.

1 out 10 worked I have about 30 investments with Groundfloor. All bought between 12/21 and 7/22. I looked at the top ten today. 6 are in foreclosure. 2 are in default. 1 has exit strategies being discussed. 1, only 1, was completed. This business strategy never delivered. I suggest you look elsewhere.

Beware of this lender there will string… Beware of this lender there will string you along make you lose your money by declining your loan at the eleventh hour. We had two great deals both tri-plex and the underwriter would not approve with original terms. Our numbers worked the properties were permitted, zoned, and had suitable comps. I truly believe someone at ground wanted our deals for themselves and block us from getting them, so they or a colleague can get it; which I am learning is not so far fetch in this industry.

A great alternative to stocks but needs better overall security when logging in. A great alternative to stocks which haven’t been performing very well over the past year. I will say though that I wish the stairs and Groundfloor apps had two factor authentication to log in. Anytime I open my stairs app, if I didn’t log out the account is open and viewable to anyone. Security for individual apps from Groundfloor needs to be improved. Would also like to see an accumulated interest earned from the stairs app so i dont need to open the month to month interest earned to add them up individually.

RUN AWAY FROM THIS LENDER RUN AWAY FROM THIS LENDER! They are liars and predatory lenders. I had completed 3 successful projects with them and was working on a 4th. I reached out inquiring on expanding my scope of work and refinancing my deal. They said they would be glad to do it but wanted an additional $120,000 from me. I told them that was ridiculous and I would continue with my original project. They then refused to issue my draw request for work that was already completed, tried to force me to refinance, when I refused they chose to ignore me for a month whilst daily interest continued to accrue. They are scammers. Do not trust them!