If you’re thinking about investing in real estate, you should check this comprehensive Roofstock Academy review to see if it fits your needs.
Real estate investing has traditionally been regarded as a privilege reserved for the well-connected or wealthy. However, with the rise of fintech businesses, possibilities to learn how to invest money in real estate are now more available to anyone. Moreover, you won’t need much money to begin.
Whatever option you select will have a significant impact on your financial path. Since investors rely significantly on the data and estimations in these tools, it’s critical to choose one that is precise, up to date, and dependable. The last thing you want is to make real estate investment decisions based on incorrect info. Continue reading to learn about Roofstock and how it holds up for investors in 2022.
What Exactly Is Roofstock?
Roofstock is an online real estate investing platform focused on single-family homes. You can purchase and sell real estate on its platform and invest in real estate property shares. Detailed inspections, 3D models, pictures, and other features are included in the postings.
Aside from the Roofstock Marketplace, the company also provides REIT investments to accredited investors throughout its Roofstock One platform. Roofstock’s volume of transactions has topped $4 billion since its inception in 2015.
If you decide to buy off of this platform, the organization allows you to finance homes or pay cash, and it also connects you with a verified property manager who will perform the day-to-day tasks of your property.
Related: The Ultimate Investment Property Search Tool
How Does Roofstock Function?
The platform makes it simple for first-time real estate investors to start. Sure, Roofstock allows you to sell houses, but its investing alternatives are the actual, unique draw. The app makes it simple to begin making money by investing in turnkey real estate.
Before posting property on the website, it must first be approved. The team schedules a house inspection; writes a valuation assessment and rental market research; examines tenant payment history, lease terms, and disclosure records; and evaluates the cost of any major renovations as part of this plan. While Roofstock’s verification procedure can provide some comfort, it’s always crucial to conduct your research before investing.
What is interesting about this software is that the residences it sells are already rented out. Ultimately, property owners who want to move on from investing in rental properties advertise their rental houses on Roofstock. Then, other investors buy these advertised properties and start earning rental money straight away.
How Does Roofstock Help Sellers?
You can expect a pretty straightforward and cost-effective transaction on this website when selling your rental home. Here’s how the procedure will work:
- Submit your listing: You’ll have to answer some questions about the house and submit photos to show off its features.
- Certification: Its team will go over some preliminary documentation and due diligence on the property. The idea is to build trust in potential purchasers so that they can continue.
- Launch the listing: Following the completion of the certification process, an appealing listing will be available on the site. This procedure usually takes between 15 and 35 days.
- Accept a proposal: You have the option of accepting the offer entirely online. You can anticipate closing within 30 days of signing the buying and selling agreement.
The app will handle all of the papers for you during the process. You can benefit from a streamlined process that links you with potential buyers. Furthermore, unlike in a typical marketplace, you will not have to go through the process of evicting a renter and prepping the property.
Moving on, we will now focus on Roofstock Academy and see what it has to offer.
Roofstock Academy: The Complete Breakdown
The platform has recently created the Roofstock Academy, where you can discover how to grasp turnkey rental property. This course enhances the use of their platform to purchase real estate.
Roofstock Academy is a training course that assists visitors in understanding the wealth-building potential of real estate investing. If you opt to become a member of the Roofstock Academy Affiliate Program, you will be able to publish referral links on your website or social media and receive 10% commissions when your clients join the Academy program.
If you wish you become an affiliate, you must first complete the following steps:
- Create a profile on Roofstock Academy.
- Send an email to Roofstock Academy with the email address you used to create your account.
- In the headline, type “Affiliate.”
- Roofstock Academy customer service will answer with a special URL associated with your account.
- Share the customized URL with your clients.
- All users that visit the Academy via your custom URL will be connected with your account for a year.
Obtaining Content for Posting
Now let’s see how to get some real estate investment content for posting.
- Open the source content panel.
- Ask for content from your account manager.
- Then you obtain content from the manager.
The famous question everyone wants an answer to is how to actually receive money when you enroll in the Academy’s course on how to invest in real estate. Let’s see.
- Connect your associated bank account to your educational affiliate account with your profile and routing information.
- When a marked client completes a deal on the course, you will receive 10% of the entire enrollment fee.
- The teachable program pays out every month.
- Teachable sends a 1099 form for taxation when an affiliate’s annual sales exceed $600.
Prices and Plans
Roofstock Academy has three plans from which you can choose:
- Mastermind: $5,000 for a one-time purchase or a one-year payment of $499 per month. Includes 15 courses.
- Workshop: $999 for a one-time purchase or a one-year payment of $99 per month. Includes 16 courses, 50+ hours of self-paced lectures, 1:1 coaching sessions, etc.
- Self Study: $399 for a one-time purchase or a one-year payment of $39 per month. Includes 50+ hours of recorded lectures for you to explore.
Is Roofstock Reliable?
Roofstock has a D+ rating from the Better Business Bureau. Roofstock communicates well with its customers, based on the BBB’s rating system, which ranges from A+ to F. In addition to a company’s history of consumer complaints, the bureau evaluates its time in business, advertising difficulties, and licensing and governmental actions.
It is crucial to note that the BBB’s ratings do not always imply that a firm will be dependable or perform effectively. Because the bureau primarily examines customer interaction data, it is best to conduct your study as well.
Related: The Best Real Estate Investment Software
Should You Consider Using Roofstock as a Purchaser?
If this is your first time investing in real estate, this software can be of help to you. If you want to invest in real estate, but this isn’t your first time using such platforms, you won’t get a lot of features and knowledge from it.
For beginners, it’s simple to grasp, and all of the info you need is right at your fingertips. There will be some effort to research investment property, but it may be a highly profitable investment for you.
Should You Sell Through Roofstock?
If you are prepared to sell a single-family house with tenants, you will not be required to remove the tenants before the sale of the property. You will be able to gather rent from these tenants until the end of the lease.
The platform, of course, will only be able to offer you a useful experience if you are attempting to sell a single-family home with renters in place. If this is not the case, you should try an alternative.
Mashvisor: The Better Option
If you’re a real estate investor, Mashvisor can assist you in a variety of ways. Mashvisor’s platform was created to assist real estate investors at each stage of their investment path.
Mashvisor’s blog contains thousands of expert and beginner articles on anything connected to real estate investing if you’re interested in learning more about real estate. Based on traditional and short-term rental data, the platform can assist you in locating a vacation rental for sale.
The software also utilizes critical measures such as the cap rate and cash on cash return. The indicators are used to forecast the return on investment for every asset on the website. They are included in our market reports to help you understand how each market behaves.
Our platform also allows you to communicate information with your co-investors effortlessly. The website will enable you to exchange property listings in a presentable, easy-to-read PDF format with other investors and their metrics and details.
Mashvisor subscribers can dive into the details and examine a property’s profitability using extremely accurate and relevant data. Let’s see some of its most prominent features.
Real Estate Heatmap
Mashvisor has a real estate heatmap that allows users to locate hot markets simultaneously and do research in multiple neighborhoods. The platform provides visitors with a greater understanding of the dynamics in various neighborhoods and whether or not they are lucrative for specific investment ideas.
Learn More: This Heatmap Will Show You Where to Invest in Real Estate
Investment Property Calculator
Real estate investors use Mashvisor to find the most outstanding properties in the best neighborhoods that match their investing aims and standards. One of the most useful aspects of the real estate investment software is its rental property calculator.
Mashvisor’s rental property calculator enables users to determine the profitability of a specific property by calculating the potential return on investment utilizing up-to-date records from over six million investment properties listed on ListHub, more than two million traditional rental comps, more than two million Airbnb rental comps.
Once you’ve submitted the data and, potentially, established your short-term rental property, the Property Finder can aid you in discovering a real estate property that matches your strategy and meets your objectives and expectations. Furthermore, Mashvisor will filter them out for you based on profitability.
Real Estate Analytics
It’s critical to assess the real estate market in general and make educated decisions in your investments that aren’t only oriented toward investment properties. Mashvisor, for instance, allows you to look at available rental homes in your area of choice and determine whether or not to invest in them.
The most significant part is that you don’t have to repeat the math. Because all of the components are linked, any modifications you make to the data you enter will be considered when you utilize our tool.
Mashvisor provides three tiers of service to its subscribers. At $49.99 and $79.99, the Standard and Professional subscriptions have the most features and options.
The platform, however, provides a Lite Plan that begins at $17.99 a month and enables plan subscribers to look for properties nationwide, conduct ROI analysis, and obtain traditional and Airbnb rental prices. You can now look for a successful investment property even at the Lite level.
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.
This fintech business has created a Roofstock Academy learning feature for more straightforward real estate investing, allowing first-time purchasers and sellers to put their shoes into the world of investing. Is it worth the price? We don’t really think so. The pricing plans are pretty high, and not one guarantees your success after the course and collaboration.
In general, it is hard to draw conclusions and say whether an investment in Roofstack would be a smart approach to generating money passively. It all comes down to the individual home you buy. Customers have reported making and losing money while using this site.
So, if you are looking around for some alternatives or want to dive into the real estate world but don’t know where to start, try Mashvisor. It is one of the options available that provide both features and functionality. Continue exploring our website to learn more about our technology for further information on the things we’ve mentioned.