Roofstock Review

Roofstock

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Fees: marketplace fee of 0.5% of the purchase price or $500. property management fees range from 8% to 10%,

Minimum Investment: down payment of at least 20% of the purchase price.

Accredited Investor Only: No

Why We Chose It

Roofstock stands out for its unique approach, allowing investors to purchase single-family rental properties directly. It provides comprehensive property data, including inspection reports, tenant information, and financial projections, enabling informed investment decisions. Roofstock also offers a 30-day money-back guarantee, adding a layer of security for investors.

Pros & Cons

Pros:

No need to be an accredited investor
Extensive property data and financial projections available
Offers a 30-day money-back guarantee
Option to purchase tenant-occupied properties for immediate cash flow
Access to vetted property management services

Cons:

Higher initial investment due to down payment requirements
Marketplace fee and ongoing property management fees can add up
Limited to single-family rental properties

Overview

Roofstock offers a streamlined platform for investors to purchase tenant-occupied single-family rental properties. The platform provides extensive data on each property, including inspection reports, tenant details, and financial projections, which helps investors make informed decisions. With no requirement to be an accredited investor, Roofstock is accessible to a wide range of investors. However, the higher initial investment due to down payment requirements and additional fees for marketplace transactions and property management should be considered. Despite these costs, Roofstock’s comprehensive services and potential for immediate rental income make it a compelling option for those looking to invest in single-family rental properties.

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