All Forum Posts by: Zach Evanish

@Kevin Lechuga What other roles make up your core 4?

@Nick Dunin Don’t rush and force it. I suggest moving on to another deal.

@Paul Kubin You’re going to have to look out of state to find anything that cash flows. Be careful listening to Brandon’s advice on this. Get feedback from multiple people and not ones trying to sell you something.

@JC Wu We’re sorry to hear that there was an issue with the property that you feel the seller failed to disclose. Our goal is to bring transparency to the investment process, which is why we provide as much upfront diligence as possible for each property on the website. I understand our team has worked extensively with you in the past and reached a mutually agreeable solution, but if things have changed, we encourage you to reach out to us directly. We are committed to ensuring a positive experience for all of our customers

@James Wise I own both but prefer SFR or multi family 10+. SFR is great because you have multiple exit strategies and tenants generally stay longer.

@Chris Clothier Thanks for the questions. More than happy to provide some clarity. At the end of the day I think we all want to help investors build wealth through real estate. I think it’s important to remember Roofstock is a marketplace, and while we do have turnkey properties, we are not a turnkey provider.

1) Every property sold through Roofstock goes through our certification process through which the home, tenant, title, and lease are all reviewed. This process is either done prior to listing or during escrow. If the home does not pass the certification process it does not make it on to our marketplace.

2) Every property comes with an inspection done by a third party inspection company. This has always been the case. Roofstock will pay to have an inspection done by a third party that we have vetted or the buyer can hire their own inspector and pay for the inspection themselves. We offer this service to reduce the costs for the buyer and so they don’t have to spend the time finding a local inspector. Again, if they want to hire their own inspector they can do so. We do not restrict buyers from conducting their own diligence.

3) Upon receipt of the inspection report the buyer can ask the seller to make repairs or reduce the price. If buyer and seller cannot come to terms the buyer will receive 100% of their funds back (as long as it’s done within the timeline in the contract). 

4) Financed properties come with an appraisal contingency. If the property does not appraise the buyer has the right to ask for a price reduction or cancel the contract. We do not recommend investors pay above the appraised value.

5) Prior to a home being published on our site the property value is reviewed by our internal team of former appraisers to help ensure the home is priced appropriately. This is not an exact science but we do our best to help buyers determine the "value," of the property. Buyer also have the appraisal contingency.

6) Roofstock Provides a 30 day money back guarantee and 12 month rent guarantee for properties purchase through our marketplace.

@Chris Clothier The inspections on Roofstock are done by a third party. This has actually always been the case.

@Stacy Siska Please let me know if you have any questions about Roofstock that I can answer. I work at Roofstock and have also purchased multiple properties through the marketplace. Please note that we are much different than Loopnet. We are a curated marketplace for investment properties.

Get started sooner! I wish I would have spent a bit less time reading and researching and more time getting hands on experience with mentors, partners or buying my own deals.

@Bill F. I don’t speak in anyway for a gel but I appears to be going extremely well. They have both proven the model and the street is rewarding them. Even if they were not I don’t think that would make the argument less valid.