With Groundfloor, you can invest in real estate without buying property. It’s transparent, direct, and built for investors at every level.
What is Groundfloor's Revenue?
Groundfloor's estimated revenue is $10M.
What does Groundfloor do?
With Groundfloor, you can invest in real estate without buying property. It’s transparent, direct, and built for investors at every level.
Pls look for Andy Levison. I was looking for funding to develop my…
In Groundfloor. Look for Andy Levison. I was looking for funding to develop my properties and possibly buy new houses for tear down for reconstruction. I reached out to so many lenders but were frustrated with their high level of documentation and requirements. I went online to research about lenders that are willing to bypass bureaucratic processes and approve funding for my projects. I came across Groundfloor and was introduced to Andy Levison. He is such an amazing man and most importantly was deeply committed in ensuring that that l get funded even when l had issues in pulling my credit from credit agencies he believed in me until we closed on the contract and get funded for $1.2m. That was my first transaction with Groundfloor. I also have closed a second transaction of $659,000 and about closing the 3rd transaction of $1.3m. I am really grateful to Groundfloor especially Andy Levison and his team that believes in me despite challenges. I strongly recommend Andy Levison when dealing with Groundfloor. He will never give up on you.
I am impressed
I haven't seen anything bad like some of these reviews, although I am not investing $100k, I am investing between $3,000 and $5,000 this year on Groundfloor. So if I can get 7%-9% returns that's good enough for me, obviously this is an investment and it might not yield high results (let's be real). I have also experienced this on Stash, Arrived and other products claiming high yields, just make sure your investments are diversified people. The customer service has been great as I've had multiple emails from the customer service team. I was also invited to a company webinar to learn more (nice touch). And lastly, I love the design, it feels very modern and I like the app.
easy to set up and make some $$$
easy to set up and it will take a little bit to understand BUT I spend $100 and the system spread my money around and I actually made a few $$ already. Great App and company
Experienced investor looking for easy returns!
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 made a $1000.00 investment for my…
I made a $1000.00 investment for my spouse during a promotion. Both of our accounts were credited the $200.00 referal bonuses. It took 60 days, and the bonuses must be reinvested. That was clearly stated. I had questions, and had return calls sheduled with Eric. He called at the time requested and provided clear and thorough answers. I would suggest placing your funds in Groundfloor's flywheel program.
TOO MUCH HASSLE / NOT ENOUGH RETURN
I started investing with Groundfloor in 2021 and returns have been very underwhelming. Despite advertising that investors can get 10+ percent returns, my actual returns have been MUCH less that that - probably on the order of ~5 percent. I felt I could have done better with much less hassle simply putting the funds in a high yield money market account. As others have mentioned, way too many of their properties go into default and foreclosure (how is Groundfloor screening these borrowers?), meaning that the investor doesn't even receive all their invested capital back and to add insult - has to wait multiple YEARS in some cases beyond the projected payout date to get anything back. The cruel reality of investing in this platform is that even when you select good properties, in many cases you don't get to enjoy receiving the 10+ percent interest for the entire projected timeframe of the loan because the successful borrowers tend to finish their rehab projects and pay off the loan early - meaning as an investor you have to go and try to find another property to get a 10 percent return. Over time you your portfolio gets overweighted with dogs in default and foreclosure. In the past on multiple occasions I have tried to reach out to Groundfloor to get clarification / resolution to these issues but I have found their responses vague and unhelpful. I'm currently unwinding my positions with Groundfloor - which will probably take a couple more years :(
If you want to invest in groundfloor…
Update 8/23/25: Groundfloor - thank you for responding to my review - almost 8 months later. You asked how I reach the conclusion that Groundfloor loans are high risk, while I thought it obvious based on my initial review, I'm happy to clarify: Of my Groundfloor loans that are closed/completed: Only 1/3 of loans performed as advertised. 2/3 of closed loans either were extended with significantly lower return, or defaulted with losses. To put it in perspective- of the total closed loans, expected/advertised interest was 10.8%, but the actual return is 6.6% (note this is lower than when I did the initial review as a result of more losses coming in). Of the remaining open loans, worth 23% of the total funds I transferred to and invested with groundfloor, 100% (that is ONE-HUNDRED PERCENT) are in default, they are between 1 to 5+ years past expected/advertised maturity date. And when they finally are closed out, most are closed out with losses (= negative earnings). Finally I have no control over this process, 5 years past maturity and Im still waiting for loans to be closed out. All in all, this equals high risk in my book. Hence why I referred to Groundfloor loans as High Risk. Below is my initial review. If you want to invest in groundfloor the following may be helpful for you to know and be aware of: 1. Arm yourself with lots of patience, your money will not be returned to you when originally expected. A large percentage of loans are delayed or enter default, and YEARS after original maturity date - many loans are still not settled/paid out (if they are paid out at all). 2. Understand that - despite being backed by real estate - these are high risk investments, any loan promising 10%+, carries high risk of default. 3. Expect that the total return will be far less than expected. This is due to the many loans entering delays and defaults. Out of my 1340 loans which have been repaid/settled to date, the expected rate of return was 10.8%, BUT actual rate is 7.4%. This does not reflect the 166 loans still outstanding, which are almost all in default and years past maturity date. When all loans are settled/repaid - years from now, i expect the actual rate to be significantly less than the 7.4%. I figure I will be lucky to breakeven. And that does not reflect inflation or opportunity costs. 4. My personal time horizon: I began investing in groundfloor in 2019, I used the automated investment features. In 2023 I stopped reinvesting and began pulling my money out as it became available. I expect it will be years before last 166 loans are settled. The longest loan in default so far is about 5 years past expected maturity date. 5. All in all, Groundfloor is not for me. It sounded good, I originally thought my principal would be relatively safe as it was backed by real-estate, but despite the rather small loans sizes and diversification- that is not the case. The current realized returns (and I don't even know the impact of all the remaining defaulted loans yet) are not worth the hassle, the inflation hits, the lost opportunity costs, the years of delay, or lack of control over my funds. I find I am making better diversified investments with MUCH better and safer total returns, within my regular brokerage account. Groundfloor was an experiment, one I will not repeat.
Profits show
Profits show, but accessing them leads only to waiting and loss. Stay away and caution others. With support from 𝗕𝗹𝗼𝗰𝗸𝗣𝘂𝗹𝘀𝗲𝗚𝗹𝗼𝗯𝗮𝗹, my assets were retrieved.
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