Buy through Roofstock

Member since 2025 · 47 posts · 23 votes

Hi there, great question — and it’s smart that you’re doing your homework before buying out of state.

I don’t have direct personal experience purchasing through Roofstock, so I can’t speak to their internal process, but I do specialize in property management, commercial real estate, home inspections, and out-of-state investing. I work with investors regularly who purchase properties remotely, and I can share some guidance based on real-world experience.

One major takeaway I’ve seen over and over again:

The success of an out-of-state investment has far less to do with the platform you buy from and everything to do with the team you build around the property.

For example, I partner closely with my cousin Jason Wray, who is a VP at Federal Savings Bank in Florida and also a lender on this platform. We work with investors all the time who are purchasing outside their home market. The biggest advantage investors have is connecting with:

A lender who specializes in out-of-state investment loans – They typically have a strong network of vetted real estate agents and property managers in multiple states. This gives you boots on the ground who can physically walk the property, verify rent rolls, review comps, and protect your investment—not just at purchase, but long-term.

Local property management – Before buying any rental, you want property management in place who can assess rental accuracy, tenant history, turnover risk, and local rental demand.

Independent home inspection – Whether Roofstock, MLS, or off-market, always get your own inspection, never rely solely on a seller or platform inspection report.

To your specific questions:

Are Roofstock comps accurate? Like any platform, treat comps as a starting point. Always run your own or have a local agent/lender verify market rents and sales data.
Are rent histories real or projected? Sometimes they’re accurate, other times they’re optimistic. Always request leases, payment histories, and tenant ledgers.
Is it safe to buy without seeing the property? Yes—but only if you have a reliable team locally to verify condition, neighborhood, and numbers. This is where having trusted boots on the ground is everything.

If you’d like, I’m happy to introduce you to Jason or walk you through how we evaluate out-of-state rental deals to avoid surprises. Even if you decide to buy through Roofstock, having your own team is what really protects you.

Let me know if you’d like to connect or see an example of how we underwrite out-of-state rentals.

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Arman AhmedPro Member

Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 974 votes

1y

@Janice H.

Hey Janice, good question, Roofstock can be a helpful starting point for learning about out-of-state investing, but it’s not always the best place to find the strongest deals. Many of their listings are already picked over by local investors, so prices can lean toward retail. What’s worked well for a lot of investors I know is partnering with a local agent or boots-on-the-ground team in a solid Midwest market, where you can still find good cash flow and reliable tenant demand. That way, you get real comps, an honest inspection, and eyes on the property before closing.

[email protected]614-418-6081

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Drew SygitBusiness Member

Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes

1y

They merged with Mynd PM

https://www.roofstock.com/company/news-press/roofstock-mynd-...

[email protected]248-209-6824

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Patrick DruryBusiness Member

Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes

1y

@Janice H.
If you are investing out of state, I wouldn't just buy directly off roof stock without an agent in a market you aren't familiar with. I would reach out to some agents and get the lay of the land and find out if there are market-specific things you need to be aware of

[email protected]614-412-4565

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Zeke Liston

Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes

1y

Quote from @Janice H.:

Hello,

I was wondering if anyone has recently bought through Roofstock and could share their experiences. In looking through the past discussions on this all the posts seemed to be over 5 years old. My husband and I are thinking of investing out of state and were considering buying through Roofstock. I reached out to Roofstock to see if we could ask some questions but it looks like you can't speak to anyone from their company until you express a desire to buy a property. I'm curious what experience others have had buying through Roofstock. Also, are the comps provided for properties on their site accurate and have the owners actually had tenants (can you view rent histories?) or is that just want the owners are guess-timating? Lastly, have others bought without actually seeing the property and what do people think about buying an out state property without viewing it first hand?

Thanks!
Janice

I'd recommend that you work with an investor-friendly local agent in the area you’re considering. They’ll have firsthand knowledge of the neighborhoods, rental markets, and property conditions, plus connect you with reliable PM, contractors, and lenders.

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Janice H.

OP

Member since 2019 · 14 posts · 4 votes

1y

Thanks everyone for your input and advice. This is helpful!

Thanks again,
Janice

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Sam Page

Member since 2025 · 10 posts · 2 votes

1y

Roofstock has great resources, but I don't think they have any proprietary deals outside of their SFR brokerage where they are marketing portfolio deals. Single assets are typically pulled in algorithmically from local MLS.

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Todd AndersonPro Member

Real Estate Agent · Cape Coral, FL · Member since 2023 · 392 posts · 176 votes

1y

@Janice H.,

It's good that you are doing your research and then asking for experience here. BP is an area that you can get a lot of real world knowledge to bounce ideas off of.

I have worked with a number of OOS investors and have acted as the boots on the ground for many. Investor's are definitely able to invest in a property in today's world, with video calls, easy picture sharing and satellites, but it is best to have someone trusted to send the info and look at the property in person.

I have invested both in my area and OOS and getting someone you trust, who can help through the process, is the most important part of either.

Please let me know if i can answer any more specific questions.

Best of luck.

[email protected]651-492-5652

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Buy through Roofstock

Buy through Roofstock

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