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!

Very Pleased I have enjoyed the opportunity to tour the country and invest in the livelihood of folks I will never meet. Those buying homes to renovate are hiring plumbers, roofers, cabinet hangers, tile layers, landscape workers, electricians, painters and cleaners. That could be 5-10 other people benefiting from my investment. Having helped with most of these tasks, I know what it takes and I am proud to help put money in the pocket and food on the table for honest working people I will never otherwise impact. It makes me feel good.

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.

Relax Relax, it's a debt position. Many of the complaints I see on here are due to late payment and extended loan status. Extended loans have been the most lucrative section of my overall Groundfloor portfolio. If the borrower has my money, they're on the clock, I'm getting paid. I've seen some people mention REITS, however being that those are often equity investments, they are often far riskier. The reason people feel more comfortable with them is because real estate lending is something new with regards to retail investors being able to participate. The risk here is far less than in many other RE investment vehicles. Check any publicly traded REIT's performance over the past 365 days from my review date. You'll find that most of them are down well over 8% on the year, and that's after a monthlong bull run in the sector. I made 9.3% in 2023 on Groundfloor. The key is to DIVERSIFY into as many loans as possible. They make it very easy to do so with $10 minimums per loan on their desktop site, and $1 minimums per loan on their mobile app "Groundfloor Investor" Their auto investor account on mobile is great for someone who wants completely passive income and maximum diversification.

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.