Has anyone used roofstock?

[RC Dimalanta]

Hey everyone, my wife and I are new to biggerpockets and REI, but we definitely want to get started. We definitely do not have a big network of investors (although we live near San Jose, CA), so it has been challenging to meet up and talk about REI with others who have been doing this for quite some time. We plan on buying another home next year once we pull equity from our first home. The only challenge is that we don't have any 'skin in the game' when it comes to REI. We are open to the BRRRR method; however, we stumbled upon a website that was on the BP podcast called roofstock.com. Has anyone used this? It seems like a great website, but I wanted to know if anyone here actually uses it. I see all the advantages with this website, but what are the disadvantages? In addition, If anyone is in the San Jose area and is willing to network let us know.

[Lee Ripma]

Roofstock is selling Turnkey properties so all the value add has already been extracted by the person selling. There are easier ways to buy cash flow without the risk. If you really want to buy then make sure you know the areas. In my view the reason to buy a SFH is appreciation. The reason to buy a MF is that you can add value and force appreciation by raising the NOI. I'm going to guess that a SFH in a crappy area as offered by a TK company is not going to appreciate. I'm sure others will disagree and evereyone has their niche, even buying TKs.