Initial exchange participants such as Echelon Partners, DeVoe & Company and Smart Concepts Group are providing consulting services to buyers and sellers using the platform.
GROUNDFLOOR Launches Self-Directed IRA Program
GROUNDFLOOR, an Atlanta-based alternative investment platform, has launched GROUNDFLOOR IRA, a self-directed IRA program for individuals and businesses seeking to diversify their retirement savings by creating custom portfolios of real estate investments.
Although self-directed IRAs are growing, only about 2% of all retirement funds in the U.S. are currently held in self-directed IRAs. With a minimum investment of just $10, GROUNDFLOOR investors can create an IRA within a matter of minutes online, then place funds from their IRA into any of GROUNDFLOOR’s product offerings. Returns from those investments are paid into the investor’s GROUNDFLOOR IRA account for reinvestment.
Since inception in 2013, GROUNDFLOOR investors have earned annualized returns averaging 10%-12% in a six- to 12-month time frame.
Investors can earn a $200 bonus for every $20,000 in contributions made between now and the end of the year, up to $10,000. GROUNDFLOOR also is waiving all investor fees on IRAs through the end of 2020.