Tammie
GBLimited communication Your customer service reps are friendly but any level above that is non responsive. My mistake to have invested $1000 on one project. It was initially supposed to be a 4 month payout but It’s been 11 months and property was almost in foreclosure once and now possibly again. Other than that information from the CSR, no one from Groundfloor will provide any further details. In addition, there is limited communication on the website. One CSR suggested I spread out my risk going forward. This is also what I suggest to anyone planning to invest with this type of platform.
David
GBA good investment option Groundfloor is a good investment option. It needs more options with its auto invest feature though. Right now if you choose type C and Type B investments to invest in, it puts both kinds into a pool and then randomly pics the number you can afford. There is no option to prioritize C's over B's for better return or to pick the higher return loans inside the C's. This would make it so people could maximize thier returns. That's what needs to change to get 5 stars. More options to the auto-invest feature.
National Apts, Inc.
GBInvest like a landlord, skip the renters. Groundfloor answers the common investor delima. How to invest in Real Estate and get the banks out of our profits. Example: I invested $1,500 on 7/26/22. Got paid of 9/6/22 $1,520.31 (13% interest rate) Compare that to your savings account rate. Its all backed by 1st position liens on Real Estate.
Rebeca
GBI've been investing on the Groundfloor… I've been investing on the Groundfloor for many years. It is a very good platform for newbies as well as experienced investors to invest in real estate at an affordable entry point. During COVID we had a lot of defaults but understandably so. The Groundfloor legal team pursued those in defaul to the very end. I feel confident investing even when the borrower doesn't pay back on time because Groundfloor keeps the investor informed to the very end.
Linda
GBVery 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.