GroundFloor Review 2021: Scam or Legit?

by vaibhav
Updated on

GroundFloor Realty is a real estate brokerage firm that operates in the United States and has been around since 1974. The company has over $1 billion worth of assets under management, but it also comes with many complaints about deceptive practices- specifically sales tactics such as pressuring customers to buy properties quickly or getting them to sign contracts before they’re ready.

The “groundfloor us review” is a company that offers loans to people who cannot get approved for traditional loans. The company has been in operation since 2011, and has made over $1 billion in revenue.

Groundfloor is a wealthtech company that offers high-yielding, short-term real estate debt investments to the general public. Groundfloor is regarded as one of the most popular real estate crowdfunding and investing websites.

Their site caters to small-scale house construction projects. This is a revolutionary approach to personal budget management. Regular individuals may make high returns on their investments using this consistent, quantifiable strategy.

Groundfloor is a real estate investment platform that links individual investors looking for short-term loan investments with borrowers looking for quick cash for their projects. Borrowers get more flexible, faster, and less costly finance than they would get from a traditional bank or hard money lender.

Short-term, high-yield investments with returns ranging from 6% to 14%, depending on the risk grade of the loan, are available to investors. On its platform, Groundfloor is now offering multiple Grade G loans with expected returns of up to 25%. Just remember that the higher the expected return, the bigger the risk.

If you’ve looked into real estate crowdfunding as an investment option, you’ve undoubtedly seen that most platforms only accept certified investors. Groundfloor has broken the mold by developing a real estate crowdfunding platform that enables anybody to lend money for real estate fix-and-flip transactions with as little as $10.

Groundfloor has been approved by the Securities and Exchange Commission (SEC) to do business in California, Georgia, Illinois, Maryland, Massachusetts, Texas, Virginia, Washington, and Washington, D.C.

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