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Written by Jacky Chou

GroundFloor Review 2023: Scam or Legit?

GroundFloor is the world’s largest online real estate marketplace and has a global reach of over one billion members. The company was founded in 1996, originally as an auction site for homes to be sold at fixed prices. Today it operates on many different platforms offering everything from home rentals to vacation properties and much more

The “groundfloor review reddit” is a website that allows users to view reviews of different companies. The reviews are submitted by users and can be viewed for free. There have been many people who have claimed that the groundfloor review is a scam.

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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