Share the “Wealth” with Groundfloor.com

by | Jun 18, 2024 | Investing, Real Estate Wealth For Women | 0 comments

 

Last week at WomanUP! we formally launched RealEstateWealthForWomen.com. The response was tremendous, but the one thing that struck a chord more than anything else is the subject of today’s RealClues: Groundfloor.com.

Ninety percent of the millionaires in the U.S. made their fortunes through real estate investing. Until now, this has been out of reach for most of us. Groundfloor.com has totally changed that situation by allowing ordinary people to begin investing for as little as $10.00 in what they call their “LROs.”

Groundfloor allows everyday investors, both accredited and non-accredited alike, to invest fractionally in qualified-for-public-sale real estate projects nationwide.

LROs, or Limited Recourse Obligations, are debt security offered on our investing platform. Groundfloor submits these to the SEC for qualification. Each loan is backed by the underlying real estate asset, which means you as the investor are put in a first lien position, making this investment in real estate debt inherently less risky than investing in real estate equity.

I’ve had a chance to ask quite a few women this last week, “Would you like to become a real estate investor?” They always say, “Yes, but I don’t have the money.”

When I tell them about Groundfloor.com and how they can get started investing for as little as $10.00, the shift that takes place in their energy is profound. Something they never dreamed they would be able to do is actually available to them right now.

Hope is a powerful gift and it’s something you can share with every person you meet.

I’ve been sharing it with my friends who have elementary school children, and the moms love it. The beauty of this is that showing your kids what you’re doing (and you can put in some of their allowance into the investment, so they’re involved). The Groundfloor app gets them interested in math, how interest works, and percentages of return. These are life skills they need and this is a highly motivating way to teach these concepts.

The most important lesson, however, is teaching them to start saving and investing early.

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