Roofstock Financial Analysis Question

[Dean West]

Hi,

My wife and I are starting out as real estate investors.  We are based in San Francisco, so we wanted to use a turnkey company to find us property out-of-state.  One of the companies we really like is Roofstock, as they appear to do a lot of the legwork for you (finding, what appears to be, decent rental units, along with calculating all of the financial information).

My question is, has anyone bought through Roofstock before and looked back to see how accurate the Roofstock calculations were (cash-on-cash, turnover repair costs, cap rate, etc)?  I understand the calculations are supposed to give a rough estimate to a potential investor, but wanted to try gauge how reliable their analyses were.

Thanks in advance!

- Dean

[Larry Fried]

@Dean West First understand that Roofstock is an online, high tech marketplace (lister) for investment properties.  They are not a seller, and properties are not necessarily turnkey, although generally they are tenant occupied.  I have only worked with them as a seller thus far, but there are a couple of threads here on BP about buyers that have worked with them, so do a search and you will get some insight to what you are looking for.