All Forum Posts by: Alex Penalva

@Paul Shannon

Thanks for your input Paul, I actually have a good chunk of money invested in Fundrise. My plan was to use that as a “savings” and have it accrue better interest, until one day I can go on an investing spree in real estate. 😆

I have a state pension from the state, as I’m a state employee and another one through my employer so I have that setup.

And I also have a duplex in MO, if I could actually get it to make me some money it would be fantastic though!

I apologize for not specifying before, I guess I’m more or less asking about the REÍ side of things.

Once again thanks for your help, based on what you suggested it looks like I’m not doing as bad as I thought. Lol

Thank you.

@Evan Polaski

That makes sense, thanks for your input, I’ll just keep hammering away and stashing cash here and there and investing it. But you’re right about the risk taking part. The greater the risk, the greater the reward. I have to learn to keep that mentality!!

@Matthew Anderson

Yeah, good question. Anything specific to RE investing would be great!

@Paul Shannon

Pretty straight forward. I’m actually at the point where I am able to save a good amount of money. The hard part is what exactly do we invest the delta in? Yes I know, RE: rentals, flips, etc. but how is it that some “normal” 9-5ers are able to amass such wealth, in what appears to be a relatively short time? What’s the key that I’m missing? Any ideas you can share, or personal “blueprint?”

@Kevin Edwards

Like I’ve said before, there’s a lot of mixed reviews. If you do decide to buy with them, make sure you conduct a FULL inspection of the property, inside and out. It has to be thorough! That’s the best piece of advice I can give you, I don’t think the issue lies with roofstock per say, but the people that roof stock considers their “trusted partners.” The person I purchased from was not, to my knowledge, affiliated with roofstock, but roofstock did guarantee te property was turnkey.

@Jason G.

And you answered your own question, I can’t give out too much detail in case Roofstock did make a mistake and offers to rectify it. As of right now, if anyone asks me what I think about Roofstock, as was the original question posted, I would advise to stay away from my personal experience, but you are welcome to do with your money as you please. You don’t have to know much more than that. That’s really all personal stuff until it ain’t, if it ever comes to a point that it isn’t, ie. Class action for misrepresentation or something of the like.

@Jason G.

Did you read my original comment? How don’t you know if I purchased a “turnkey” or not. I literally said, I purchased a property that was marketed as turnkey. 🤨🤨

@Jason G.

It’s never wise to give too many details about an issue you are still dealing with. Just know I purchased a “turnkey,” and what I got was anything but turnkey. I guess one way to learn is to go through it yourself. There’s a ton of good reviews on Roofstock out there, unfortunately my experience was, or is a disaster, and I personally wouldn’t recommend Roofstock to anyone I know!!

@Ikra Kafayat

I am still dealing with these issues so, unfortunately I can’t go into too much detail, but the property I bought was marketed as turnkey, and it turns out that it needed a good amount of work. It failed the occupancy inspection on 2 of 2 units, and now the central ac unit is not working and needs to be replaced. All in all, I’m at about $3000+ in expenses in 2-3 months of ownership, not counting whatever the cost of central AC issue is.

@Rob Willhite

I recently made the mistake and bought from Roofstock, in short, save yourself the trouble!!! Learn from the mistakes of others.