Groundfloor Reviews 403

Love the Groundfloor platform ! They make it very simple to invest and I plan to keep using it as another stream of income for myself . I started way in the beginning and even invested in the stock offering at the time .

Don't give you the return they tell you and lie about the percentage once you get a return

The App and the website are simple and easy to use. PLUS, solid ROI!!!

Response time to issue in question was answered quickly and effectively with daily human interaction. I'd like for Groundfloor to align their mobile apps for easy transfer between each of them in the future. Thanks for creating a unique platform and alternative solution for users to grow assets by helping others.

Joined up during covid and the promise was interesting. However, there is a clear disconnect between advertising and the user experience, specially for how loans are presented and what happens when loans don't payback.

The company sells diversification, but allows inexperienced builders to sell off multiple units into the system, which of course all default at once. If you're unlucky, like me, to have bought into 3 thinking you were diversified, then you're out 1000s. The company of course made all it's fees already.

When it comes to late payment, the company extends longer payment terms with little transparency into the process. Basically this company takes your free loan, uses it as they wish, and if they gamble and make money, you get some back. If they lose, you lose everything.

A risk adjusted return you can’t get anywhere else.

I started using Groundfloor since 2020 and I love it! I can invest and earn interests for an average 11%.

Good Services in this application.

Awesome thanks

Good overall. Needs a lot of improvements to make it better.
More updates on investments that are in a Default state are needed.
The auto investment tool needs to have a lot of features, including the ability to decide the LTV ratio for each tier that you want to target. How to prioritize among tiers where available funds are less.

I have been investing with GF for about 2 years now. I started out investing in the higher interest LROs, but found that many of them fall to "default" status. Now that I invest mostly in the 10% LROs, I am having much better success with the loans paying off timely. At a 10% return, it is a much better return than savings accounts or CDs.

Groundfloor provides an easy way to set up a diversified investment into various real estate properties. You can choose your level of risk from lower yielding A-rated projects and higher yields with B, C, D, and more lower rated and higher yielding projects available. An Auto-Invest bot can make selections for you if you wish. Pretty pleased with my account in my almost year of investing there.

I have been with Groundfoor just under a year now and in all honesty, I would have to give the company very high marks. Their staff is professional and very prompt to answer any of my questions. It has been a very good experience with them. Their reporting system is outstanding and extremely helpful. The detail provided in their reports has been most appreciated and valuable. I felt it wise to test the company out for a few months prior to recommending it to others, but the experience of those who I have introduced Groundfloor to has been very positive as well.
The one concern that I do have is that I sense that they could do a more careful review of their prospective contractors before offering to fund their loans. I was a bit surprised that their extension rate is higher than I would like it to be. In their defense, the turbulent times our nation is going through has made getting materials in a timely manner very challenging and that may explain a higher extension rate than I had anticipated.

always great response, and invesment returns.

Happy to be making considerably more than any savings account can muster up. This very well may end up being a stock "Homerun" down the road.

Ground floor is OK just be aware your loans may not get paid back or may be delayed in getting paid back. Overall it’s an OK platform but I’ll invest with other funds and not put all my money into Groundfloor.

Easy to use investment program. It's nice and allows people who aren't millionaires to still have involvement in real-estate investment.

Enthusiastic about GroundFloor
I have been investing in the P2P, or fintech, industry since 2008. I have tried several companies, building longevity only with those that demonstrated reliable returns. I have been investing in GroundFloor (GF) since 2016 and it is by far my best personally managed investment vehicle.

Return:
Out of nearly 2000 loans REPAID in my account, I can find only two that repaid no principle. (Good thing my investment in each was small!) Interest is over 9%, as the company predicts in their diversification analysis. Amazingly, despite many repaid in default, interest in the default category is still over 6.0%. Can you get that kind of interest at a bank?

Positives:
• I think one of the top positives is accessibility. You don’t have to be accredited like you do with some fintech investments. You can start with as little as $10. I have always thought that real estate is one of the better investments, and GF provided me a way to do that! (I think this would be a great tool for a grandparent to use with a grandchild to learn all kinds of things about money management, investing, the power of saving and interest, real estate, interacting with a business, record-keeping, etc. Alas, not possible for me.)
• You can invest as little as $10 in each loan, making diversification easy.
• Holding properly, with first lien and the ability to foreclose, GF is a significantly more secure investment than consumer loans and small business.
• I have found that employees are responsive and interested in my input (which I don’t often give, unless I think it would help the company).
• The website is functional. It isn’t always changing so I have to relearn. I appreciate the information each page provides.
• I like the GF Notes. They can be used like a short-term savings or a longer-term CD.
• I have been to the GF headquarters, met some employees and the owners. The people were as nice as could be. I was amazed that Brian Dally (one owner) took time to talk with me, a small-time retail investor.
• GF people are innovative. If I were younger, I might try some of their up and coming products.

• Averaged out, GF does not out perform the stocks of my husband’s IRA and 401K. However, GF provides a relatively steady return and several years has outperformed the stocks the in the retirement accounts.

Negatives:
• See above on comparison with stocks. But that’s why you diversify over many types of investment vehicles.
• The number of loans that run late makes me nervous, but I keep looking at the actual repayments and it isn’t like the ROI on the late repayments is below respectable.
• I don’t like that interest is simple interest, repaid at maturity. However,
1. I can understand that offering that type of loan helps the borrowers and, therefore, GF and, therefore, me as an investor.
2. Many loans pay off early, so I can reinvest interest earned.
3. I make short length of loan one of my criteria for some funds so as to increase turnover to gain that interest and reinvest it as principle.
• On the borrowers' histories, I would like to see more data on their full history–how many projects and the rate and timing of repayment.