One way to build wealth is through real estate investment. So, investigating the real estate market is a smart move if you want to build long-term wealth and have some spare cash.
Many great investment options are available if you want to acquire rental properties. Roofstock is just one example of a company that helps customers invest in specific kinds of rental homes.
In this Roofstock review, we will discuss what it can offer and if it’s a scam or not.
This Roofstock Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
Great customer service
Offers property managers
Cons: What I Didn't Like
Large down payment
Potential for stiff competition
Roofstock One is for accredited investors only
Roofstock is a real estate investing program.
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
- Long-term buy-and-hold
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this Roofstock review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of real estate investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- High overhead
- Expensive repairs and maintenance
- Problematic tenants
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about Roofstock, keep reading.
What Is Roofstock?
Roofstock is a multi-faceted online real estate marketplace. It contains referrals for property management services for single-family rental properties, but Roofstock focuses on investment options.
Roofstock targets busy professionals who desire high-yielding rental houses without the time commitment necessary.
Roofstock doesn’t own any turnkey rental properties in their marketplace; rather, they evaluate, negotiate, and close property deals.
They’re not attempting to sell you anything but rather to improve a confusing process.
How To Get Started With Roofstock?
Getting started with Roofstock is rather straightforward. Signing up is free; you only need an email address and phone number.
After signing up, you can browse rental properties or list your own. Roofstock can also be a broker or agency.
Roofstock also provides property management services. The site connects you to property managers. This is part of the platform’s mission to make property management easier for real estate investors — you don’t have to be a hands-on landlord.
Invest In Single-Family Rental Properties
Roofstock’s main purpose is to save its users money when they buy single-family rental homes by cutting out the middleman. The Roofstock marketplace is where investors can peruse listed properties.
Many potential investors shy away from real estate investing due to the high transaction costs involved. The high down payment required to purchase a rental property can be daunting to some.
Roofstock cannot (and should not) significantly reduce the down payment, but its transaction fees for single-family rentals are much lower than those of traditional real estate agents.
Investors can check precise expense data for each property, including property management fees, property taxes, repairs and maintenance, vacancy rate, and insurance for historical and predicted costs for the coming year. Roofstock calculates closing expenses and lets you adjust them.
Roofstock verifies homes before listing them in its online marketplace. It helps with research and finding homes matching your investing goals and budget.
Property certification involves many factors. First, the property needs an inspection report from a professional investment property inspection business. The property will be accurately valued after repairs are estimated. Photos, floor plans, and a title report are also required.
Considering this, Roofstock maintains its multiple properties highly. They work hard to list only the best single-family rentals. Roofstock won’t advertise properties if the seller wants too much.
Plus, with “shop with an agent,” you may uncover real estate opportunities that match your goals, risk tolerance, and capital. Each residence goes through a thorough process before being listed, making it a convenient and cost-effective way to buy investment properties.
Rental Property Management
Through Roofstock, customers have access to a team of seasoned property managers that can oversee the upkeep of their buildings. Similarly to how the platform inspects its rental properties, it thoroughly validates the managers overseeing them. Investing in real estate without actively managing the property greatly benefits those seeking passive income.
Management of the property is offered but not required. It’s possible to act as the property manager, check that everything is up to par, and get to know the renters.
Low Minimum Investment
Roofstock requires a minimum investment of $5,000; however, no fees are associated with creating an account. The cost is higher than what certain crowdfunding sites require for real estate. On the other hand, it is shockingly low in the world of single-family home investments.
Roofstock One is a managed real estate portfolio similar to the main product. It’s for accredited investors with a $5,000 minimum.
Instead of direct ownership, you buy Tracking and Common Stock. These shares equal 1/10th of the property’s equity. This lets investors identify properties that fit their long-term goals.
Roofstock One offers more portfolio diversification than a single rental. This is good news if you wish to diversify risk or invest in multiple markets.
You must be an accredited investor and have a 5-year commitment to participate. You’ll need to show $200,000 yearly in gross income for the preceding two years or $300,000 with a spouse. You’ll also need to show that your income level will continue.
Roofstock isn’t just for landlords looking to buy or sell a home. There is a 3% final sale charge, and offers often come in within 18 days, as stated on their website. The key benefit is that existing renters can remain in their apartments, making the investment more appealing to prospective new landlords.
This is a wonderful investment opportunity for those with some knowledge of the real estate market and a desire for passive income.
Roofstock’s costs and pricing show why it’s superior. This website offers affordable real estate investment alternatives.
Traditional real estate agents charge 6%, while Roofstock can halve or lower fees. Roofstock’s marketing fee is 3%. Buyers pay half a point in commissions, so it’s substantially less than typical realtors.
Signing up lets you examine homes immediately, and buying through this platform gives you instant ownership.
Roofstock guarantees 30-day satisfaction. You can notify them in writing if you’re dissatisfied with a home within 30 days. Roofstock will relist the property for free if it doesn’t sell within 90 days.
Is Roofstock A Scam?
So, is Roofstock a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Roofstock makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the seller and lender to buy a rental property – and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Roofstock?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation For Making Money in 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH.
Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Roofstock which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.