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Updated almost 7 years ago on . Most recent reply

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Jeff Hallenbeck
  • Bonney Lake, WA
3
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Roofstock or morris invest?

Jeff Hallenbeck
  • Bonney Lake, WA
Posted
Hello. I have recently been looking at properties through Roofstock.com or morris invest?Can any investors give me some feedback on your experiences with them and the acquisition process. I know they are a bit different in business models but it looks like both companies do a good job of streamlining the buying process for out of state investors which intrigues me. I want to make sure that people have had good experiences with the property management companies they have in place! Any feedback is greatly appreciated.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

there is no comparison in the business models. Roofstock is a Brokerage on Steriods..

Morris from the product I see them try to sell .. is moving D class to maybe C class low end rentals.

Roofstock is working for owners and working on small reasonable fee's  Morris is making bigger mark ups that are not disclosed , which is OK no flipper discloses what they are making.

But the two models could not be farther apart..

I just spent the day last week at Roofstock headquarters.. this is a game changer company.. Pretty cool really and run by very experienced real estate folks.. Morris is a tech guy running on internet fame LOL not real estate experience.. and those buying his low end product no doubt will under stand the difference's over time in buy  A and B class ( most of Roofstock) to buying D and maybe C  ( most of Morris).

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JLH Capital Partners

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