ROOFSTOCK non traditional way to buy and sell properties

[Coral Downey]

Hi fellow members,

Just discovered Roofstock website yesterday via Marketplace here. Buying/selling properties non traditional method. I love that investors that wish to buy and hold are able to purchase occupied properties. Also flippers are able to sell to Roofstock. The process of buying and selling from RS seems much easier ? Just have to deal with buying property unseen. Little uneasy about that. Earnest money returned but lose their upfront marketplace fee ($500 or bit more ) if you don’t close. Has anyone worked with Roofstock or aware of them. If so, what are the pros and cons? Would love to hear your feedback. Thanks

[Rex Celle]

@Coral Downie The first property I ever bought out of state (I’m from New Jersey) was through the Roofstock. In 2017 I bought a single-family rental for $80,000 in Stockbridge Georgia. I thought the process was very very smooth and the guy that I deal with their Nick Roman was always there for me whenever I had any questions throughout the entire process. I think the website is great and is a very efficient vehicle for investors like us that want to invest out of state because they are able to connect the investor to all of the moving parts such as insurance companies, banks, property management companies, etc. in order to acquire smoothly. They are definitely a legit company and savvy at the same time, and when I recently visited their website they are becoming more and more creative in the way they are offering property investment opportunities. Feel free to reach out to me directly if you want to talk about it, but if I were you, I wouldn’t worry about it at all.