All Forum Posts by: Lynn Harvey

I learned about Groundfloor at a RE seminar. I have a little bit invested and have not lost any capital. I like that you can invest as little as $10 at a time. Several of my investments have foreclosed or gone into default, and my earnings were negligible, but I have always gotten my money back.

I have a little invested from my personal account and from my RE LLC. I'm getting discouraged. So many borrowers are defaulting. I was netting a 10% return and that has dropped considerably due to foreclosures and extensions. I only have a couple thousand invested so it won't kill me to lose it. I like that you can invest as little as $10 at a time.

I am wondering if it's better to LOAN my LLC start up funds or CONTRIBUTE them. What is best tax-wise? I'm trying to do my own bookkeeping and taxes (stupid, I know, but I'm a hands-on person). 2018 was our first year as an llc with rental property, so there was lots of personal money invested and no profit.