Investing in real estate isn’t easy. It is hard to find the right tools to help guide your decisions. Continue reading the following Roofstock review to see how they help investors.
Table of Contents
- What Is Roofstock?
- What Are the Features of Roofstock?
- Is Roofstock Helpful to Investors?
- What Is Mashvisor?
- Recap: Should You Use Mashvisor and Roofstock?
Roofstock is a platform that specializes in purchasing and selling tenant-occupied rental properties. Users seek the company’s services and tools to generate a steady income.
In this article, we will look at the Roofstock platform to determine if it is a helpful resource for investors. Additionally, we will discuss how Mashvisor can be a helpful tool for investors to elevate their business. We will explore how both platforms work together to provide the best experience for real estate investors.
Continue reading to find out more about Roofstock and other helpful tools for your real estate investing needs.
What Is Roofstock?
Before we can determine if Roofstock is an ideal platform for real estate investors, we should look at exactly what it is. Roofstock is an online marketplace for investors that features tenant-occupied properties. All of the properties that this platform has available to its users are single-family homes.
Roofstock is catered towards investors who are looking to make a regular income in a rental investment property. Some users sell properties, while others purchase single-family homes. Typically, if you are buying a home, the website lets you choose your financing options, as well as links you to a property manager to oversee the home on a daily basis.
Additionally, the website offers another platform called Roofstock One. It specifically provides a real estate investment trust (REIT) to its users. Don’t confuse it with Roofstock Marketplace, though.
Some may confuse the idea that in Roofstock Marketplace, you are investing in REIT. It is not the case, as you are investing in actual, physical property. Roofstock is better for users looking to generate a rental income from tenant-occupied homes rather than REIT investing.
What Are the Features of Roofstock?
Included in our Roofstock review is an in-depth look at their key features and services:
Making Money in Real Estate Right Away
Once you sign up for your Roofstock account, you can begin investing in real estate and making a profit. You are able to make money so quickly as you basically take over the contract from the previous homeowner. With tenants already occupying the rental property, you immediately start making an income.
Before you purchase a home on Roofstock, you are able to view the history around how the current tenants keep up with their payments. It means there is no need to stress about tenants not paying; Roofstock ensures you can view the said information from the beginning.
Additionally, Roofstock offers a “ lease up guarantee.” The service offers to cover your home rent for up to a year if the lease isn’t signed after 45 days. Overall, it protects vacant home purchases as well.
Related: How to Deal With Bad Tenants
Low Costs
To continue our Roofstock review, users should note they can explore properties on the website for no cost. It’s not until you are sure of your real estate investment decision does Roofstock charges a fee.
Although there is a fee, it is a small one. After you’ve found an excellent real estate property and you are ready to purchase, you can use your credit card to pay the 0.5% fee. Then, you are able to complete the rest of your financing. Afterward, the house is yours.
If you are selling a single-family home on Roofstock, you will only need to pay a 3% listing fee.
Easy Financing
Every investor knows that financing can be one of the most difficult aspects of real estate investing. Roofstock makes the financing aspect easy for its users. If you are purchasing a home through Roofstock, they provide an integrated financing solution for all qualified members. As long as you possess a good credit score and make a 20% down payment, you can access the said financing option.
Inspections
When purchasing any property, getting an inspection done on the property before purchasing it is a must. Roofstock conducts extremely thorough inspections to protect buyers from any unexpected maintenance or repair costs. The feature makes it possible for buyers to purchase homes through the platform without physically inspecting the property.
Though you can still visit and tour the property yourself, you can feel confident that Roofstock will perform a thorough inspection for you.
Use the Platform in Any Capacity You Want
While some websites make you use every service they offer just to get access to a single tool, Roofstock does not. You can use only the tools and services that you find helpful in your investment decisions.
If you find a property on Roofstock you want to purchase, you don’t need to use their agents or inspection services. You are able to use any agent you want and complete your own inspections on the property.
Additionally, you don’t need to accept the property manager that they recommend for the property. If you’ve got a set plan or a manager you like, you can use them. There is no commitment to any services you do not want to use.
Roofstock One
In our Roofstock review, we must look at their second platform, Roofstock One, to fully understand how their services can help real estate investors. While Roofstock marketplace is mainly for investors seeking a continuous rental income on single family home properties, Roofstock One is for experienced investors.
Roofstock One is a much more hands-off style of real estate investing. It costs a minimum of $5,000 as an investment, and they do the rest. They handle the management of homes and your portfolios.
Additionally, in Roofstock One, you can invest in portfolios of traditional homes. It is similar to real estate crowdfunding. Essentially, they link you with developers and other investors who want the investment experience without the hands-on commitment.
Roofstock Academy
To continue our Roofstock review, the platform provides more than just services and tools for real estate investors. They offer a class called Roofstock Academy. The class covers exactly what you would need to know when investing in rental properties.
Additionally, if users take the said course, they get access to a real estate “coach” who provides one-on-one guidance in their investment. You also get access to a private group of investors who can help you out along the way.
Continue reading our Roofstock Review to learn about their pricing.
Roofstock Pricing
To offer a thorough Roofstock review, we will look at their prices and fees to use their platform.
To start, Roofstock Marketplace lets its users browse available single family homes for free. They do not charge any fee just for searching through available listings. If you were to purchase a rental property, they take a $500 or 0.5% fee from the contract price on offers on the property.
If you are an accredited investor looking to use Roofstock One, there is a $5,000 minimum investment fee. The platform is more geared towards experienced investors looking to get involved in different types of properties, such as single family rental homes.
Roofstock Academy charges anywhere between $399 to $5,000 depending on which class you take. The cheapest is the Self Study class for $399. A second option called the Workshop costs $999. Lastly, you can sign up for the Mastermind class for $5,000.
If you are selling a house rather than looking to purchase and invest, Roofstock charges a 3% selling fee.
Is Roofstock Helpful to Investors?
After reading this Roofstock review, you may be wondering how beneficial its services really are when it comes to investing.
Roofstock Marketplace, One, and Academy are all very helpful resources for investors seeking services in the rental real estate market. The platform is great for locating tenant-occupied property listings. But how can you be sure if the listings will generate a high return on your investment?
When using Roofstock, we recommend visiting Mashvisor and using our tools alongside for the best experience in real estate investing. While Roofstock makes it easy to find potential rental properties to purchase, Mashvisor helps determine exactly how much money they can generate.
Related: Mashvisor’s Rental Property Calculator: A Guide for Beginner Real Estate Investors
What Is Mashvisor?
After our Roofstock Review, let’s look at Mashvisor to see how their platforms can work together. Mashvisor is a platform that helps real estate investors with making smart investment decisions in the residential real estate market.
Our focus is offering services and tools to investors to help make them profitable real estate decisions. We only use data from reliable and trustworthy sources to ensure we guide you in the right direction. Our data is taken from reputable sites like the MLS and Airbnb. We run the information through our unique algorithms to produce predictive real estate data.
We suggest users should use our tools alongside Roofstock’s services for the best overall experience in real estate investing.
Below are some of our most popular tools and how they can help real estate investors:
Investment Property Calculator
Our Investment Property Calculator ensures you will be making the best decisions when choosing a property to invest in. The tool helps to figure out your finances. Keeping a tight budget is important in investing. If you stray from it too often, you will not make a profit in the end.
Our calculator generates readily calculated returns from your specific property data. You can use the calculated returns, so you are able to budget correctly. We factor in costs such as interest rate, maintenance, and property taxes.
Additionally, we give you metrics to predict how profitable your property will be. We provide the following information to help you determine a property’s profitability:
- Cap Rate
- Cash on Cash Return
- Cash Flow
- Rental Income
- Occupancy Rate
In terms of Roofstock, we suggest you use our investment property calculator to check how profitable your single family home will be if you were to purchase it. As Roofstock helps connect users with potential investment properties, we can help ensure that property will make you money in real estate.
Real Estate Heatmap
Another tool we suggest you use alongside Roofstock’s services is our Real Estate Heatmap tool. Here, you can explore the different potentially profitable neighborhoods and see available properties for rent.
Our Heatmap tool conducts a neighborhood analysis that zeros in on the best real estate markets. To determine what makes a location profitable, we look at neighborhoods where the rental income, cash on cash return, and occupancy rate are the highest.
We suggest you use our neighborhood analysis tool to discover potential locations for your rental home, then use Roofstock to search through available single family houses in that neighborhood. By using the two tools together, you can ensure you choose a rental property that can generate an income.
Mashvisor’s Real Estate Heatmap tool helps investors profitable locations and determines important metrics, such as cash on cash return, rental income, listing price, and occupancy rate.
Mashvisor Pricing
Mashvisor offers three different price options for users, depending on what tools and services they are looking to access. The platform makes it easy for investors to spend money only on the services they need.
The first option we offer is our Lite Plan. It is best for users looking to analyze individual properties. Here, you get access to estimated rental rates and projected rental ROI. The Lite plan costs $17.99 per month.
Next, we offer our Standard Plan. In this plan, you are able to uncover investment properties. You are given 20 searches to export to Excel per month, as well as access to our tools to discover excellent income properties. The Standard Plan costs $49.99 per month.
Lastly, we offer our Professional Plan for $74.99 per month. The plan allows you to do bulk research and analysis on investment opportunities. In the Professional plan, you get 60 Excel searches per month, as well as access to foreclosure properties.
You can always reach out to a Mashvisor representative to schedule a demo and discuss which plan will work best for you.
Recap: Should You Use Roofstock and Mashvisor?
You might’ve clicked on this article looking for information on how to invest in real estate. After this Roofstock review, you might’ve come to the conclusion that it could be quite helpful to investors, especially when using its services alongside Mashvisor’s tools.
Using Mashvisor and Roofstock together helps investors make the best investment decisions in real estate and generate a profit. To get access to our real estate investment tools, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.