ROOFSTOCK non traditional buying and selling properties?????

ROOFSTOCK non traditional buying and selling properties?????

Flipper/Rehabber · New York City, NY · Member since 2019 · 15 posts · 2 votes

Hi fellow members,

Just discovered Roofstock website yesterday via Marketplace here.  Buying properties non traditional method.  I love that investors that wish to buy and hold are able to purchase occupied properties.   Also flippers are able to sell to Roofstock.   The process of buying and selling from RS seems much easier ?   Just have to deal with buying property unseen.    Little uneasy about that.  Earnest money returned but lose their upfront marketplace fee ($500 or bit more ) if you don’t close.  Has anyone worked with Roofstock or aware of them.  If so, what are the pros and cons?  Would love to hear your feedback.  Thanks

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  • Investor · Fort Collins, CO · Member since 2018 · 165 posts · 127 votes
    7y

    @Coral Downie been on 3-4 calls learning about them. I like how their numbers tools on the site project and assume higher taxes , etc on site

    I want to use it but still waiting to see more good reviews and find some 2016+ homes in good condition

  • Flipper/Rehabber · New York City, NY · Member since 2019 · 15 posts · 2 votes
    7y

    Yes same.  Like how they profile good indicators from buyers standpoint but want to know that someone actually used them and were satisfied with their services.  The numbers just has to make sense to me....  We can stay in touch when we find out any info. Ok?

  • Jason G.Pro Member
    Rental Property Investor · Long Island, NY · Member since 2015 · 434 posts · 495 votes
    7y
    Originally posted by @Coral Downey:

    Hi fellow members,

    Just discovered Roofstock website yesterday via Marketplace here.  Buying properties non traditional method.  I love that investors that wish to buy and hold are able to purchase occupied properties.   Also flippers are able to sell to Roofstock.   The process of buying and selling from RS seems much easier ?   Just have to deal with buying property unseen.    Little uneasy about that.  Earnest money returned but lose their upfront marketplace fee ($500 or bit more ) if you don’t close.  Has anyone worked with Roofstock or aware of them.  If so, what are the pros and cons?  Would love to hear your feedback.  Thanks

     Do a search here on bigger pockets and you will see quite a few threads from buyers discussing their experiences.  I have one myself where i discuss four properties ive purchased through them.  

  • Flipper/Rehabber · New York City, NY · Member since 2019 · 15 posts · 2 votes
    7y

    @jason:   Very helpful! I will.  I have you brought properties below the 1%? And are satisfied with your purchases?

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