One of the most reliable money makers out there
Satisfied
Investing grandma
Poor Investmments
Easy but deceptive
The issue comes when you need to withdraw that money. I stopped adding money about 2 years ago when I realized you’re only allowed to withdraw when the property your money is “invested in” finally “closes”? I originally had over $1k in my account in 2024. 2 and a half years later, I still have $642. The rate at which you can withdraw money is incredibly slow and random.
Updates
BE AWARE
Ground floor
App is fine, financial products under deliver
Awesome investment app
Response from developer
Thank you so much for the amazing review! We’re thrilled to hear you’re enjoying your experience with us. And don’t forget — our referral program is a win-win! Invite a friend today and you’ll both receive $50 when they make their first $100 investment. Share the excitement and start earning together!
App change
Lender Beware!
The app provides even less details than before regarding the status of defaulted loans
Also, app users should stay away from loaning money to any real estate project in Florida or any other state that has a long drawn out foreclosure process, as you can be waiting 3 or more years to get anything back (assuming that Groundfloor will ever pass any of it back to you if they get it). Also, if a debtor defaults, Groundfloor users do NOT continue accruing interest on the outstanding loan until being paid back, unlike virtually all other loan arrangements. Users would be better served by simply buying U.S. Treasuries, as the overall default rate on Groundfloor will most likely lead to losses which will drop the total return slightly below holding treasuries.
Response from developer
Thank you for your feedback regarding the app details. Our Product team is actively working to make this information available within the app. In the meantime, you can access these details by visiting groundfloor.com through your phone’s browser. This will provide the same information available when accessing your account on a desktop. We would appreciate the opportunity to address your concerns regarding judicial states and interest accrual during borrower defaults as soon as possible. Please contact support@groundfloor.us at your earliest convenience, and a member of our team will promptly review your account with you to ensure you receive accurate and complete information.
Phone ap
$ held hostage
Easy to use interface
Response from developer
Thank you for the wonderful review—we truly appreciate your support! If you haven’t already, we invite you to take advantage of our referral program. You and a friend can each earn $50 when they make their first $100 investment. It’s a great way to share the opportunity and be rewarded for spreading the word.
