Founded Year

2015

Stage

Series E | Alive

Total Raised

$365.25M

Valuation

$0000 

Last Raised

$240M | 2 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Roofstock

Roofstock runs an online marketplace where retail and institutional investors can buy and sell rental homes in the United States. It also identifies local property managers to help new owners manage their homes.

Roofstock Headquarter Location

2001 Broadway, 4th Floor Suite 400

Oakland, California, 94612,

United States

800-466-4116

Roofstock's Product Videos

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Roofstock's Products & Differentiation

See Roofstock's products and how their products differentiate from alternatives and competitors

  • Marketplace

    The Roofstock Marketplace allows tenant-occupied properties to be bought and sold either as whole homes or as fractional shares through an online platform teeming with demand.

    Differentiation

    Unlike traditional brokerage solutions that charge high fees and offer limited liquidity for investment properties via the local MLS infrastructure, sellers using Roofstock save 50%+ on fees and exp… 

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    Differentiation

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

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Research containing Roofstock

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Roofstock in 4 CB Insights research briefs, most recently on Mar 16, 2022.

Expert Collections containing Roofstock

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Roofstock is included in 5 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

2,221 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

U

Unicorns- Billion Dollar Startups

1,112 items

W

Wealth Tech

1,702 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

748 items

F

Fintech

7,344 items

US-based companies

Latest Roofstock News

Pros and cons of buying out-of-state rental property in 2022

May 12, 2022

Pros and cons of buying out-of-state rental property in 2022 Share On Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio. Fortunately, there’s a simple way around it – investing in out-of-state rental property. And you don’t have to live in an area where the rental property is unaffordable; anyone can benefit from investing in real estate outside of where they live. Still, like any investment, there are pros and cons – here’s what you must know. Reasons to Invest in Out-of-State Rental Property It may seem strange to consider investing outside of your state. Why would you invest long-distance? How will you take care of the property or find tenants? Let’s look at reasons you may want to consider it: You can’t afford to buy in the area you live in. You want to invest in an area with a higher demand for rental properties. You want to diversify your risk by investing in multiple markets. Some areas have lower property taxes and expenses than others. You found a property you love and may want to retire to one day but will rent in the meantime. What Are the Benefits of Investing Outside Your State? Before we get into how you invest in real estate outside your state, let’s look closely at the benefits so you can see why it’s a good idea for many investors. You May Save Money If you live in an area where real estate and the costs to maintain it are expensive, you may find more affordable options elsewhere. If you can buy a home for less money and spend less on maintenance and repairs, you may come out with a more significant profit. Many people choose to invest outside their area because they know the costs are lower, yet the rental demand is high. So they do their homework, see the potential cash flow, and decide it’s better to invest outside their state. There May Be Better Opportunities for Higher ROIs If you do your research and get into an area where the population and job growth are on an upward trend, you may land a goldmine. With lower purchase costs and the chance of increasing rents, you could have more cash flow and earn more profits when you sell the property. Even if you only jump into the market for a few years before you sell the property,  you could walk away with a higher return on investment (ROI) than if you invested in an area with high costs and low growth. Diversifying Your Investments Is a Good Strategy Putting all your eggs in one basket is never a good idea with any investment. If you put all your money in your local real estate market and it tanks, you could lose everything. If, instead, you put some money in your local market and other funds in homes in other areas, you offset the risk of one market falling apart since, even if one market performs poorly, another might do quite well. You Can Remove Yourself From the ‘Daily Work’ Involved If you invest outside your state, you may want to hire a property manager. While it adds to your expenses, an experienced property manager may actually save you money in the long term by ensuring you’re charging market rent, screening to accept only qualified tenants, and potentially negotiating cost savings with local vendors for maintenance and repairs. Without the need to watch over the property, take the 3 AM phone calls, and do the repairs yourself, investing in real estate becomes less time consuming. What Are the Downsides of Investing Outside Your State? It takes a lot of research to get to know the market. If you don’t live in the area, you likely won’t know much about the market. Even if the market looks good now, is it a fluke? Is the market usually mediocre? You also may not know the area – what areas are desirable or what schools are best? You won’t be able to see it much. Suppose you are a hands-on investor who likes to periodically visit your investment. You feel uneasy about being far away from your investment, relying on a third party to tell you how it’s going. The laws may be different. You may be familiar with the laws in your area regarding rental homes and real estate, but they may differ in other states or localities. If you aren’t aware of the rules, you could break them and be subject to costs or liability. If you work with a qualified property management company, they’ll understand the rules in the area and help ensure you follow them. You may have to buy a property without seeing it. Unless you travel a lot, you may have to buy a house without seeing it. Today, the real estate market is especially hot, and homes sell fast . If you don’t move fast, you could lose the deal. This often requires buying a house without seeing it. What to Look For in an Out of State Rental Property You’ll look at the same factors and features in an out-of-state property as you would an in-state property, but you should consider a few more factors since you may not be familiar with the market. Job Growth Job growth directly affects rental rates. If an area is booming, especially if new (large) companies come to the site, you’ll have a larger rental market. With population growth comes the need for more homes. Not everyone will have the finances or desire to buy a home, but you can provide it for them and collect the cash flow. Proximity to Amenities Most renters want convenience. In some areas, they want proximity to the largest city, and others wish to access schools, stores, churches, gyms, and transportation. Market Growth Look at the area’s market both today and historically. A good measure is to look at the days on market (DOM). Today most markets have a DOM of 30 days or less, which is a hot market. But in regular times, you’ll see a DOM of 3 to 6 months. Anything more than that, and it may not be a market you want to invest in. Average Home Price Compared to Middle Income A good rule of thumb is to invest in an area with an average home price of 3 to 4 times the average income for the area. If the average home price is much higher than the average income, it may not be affordable for many potential tenants. Rental Demand Of course, it doesn’t make sense to buy a rental property in an area without a demand for rentals. Look at the stats using a site like Roofstock . Crunch the numbers and find out if there’s a demand for rentals in the area–or if you’d be stuck with an investment that no one wants to pay for. The Best Way to Invest in Real Estate Out of State If you’ve decided investing in real estate out of state is right for you, the next step is making it happen. Sure, you could do it the traditional way and hire a real estate agent and view properties, but it’s not feasible if the market is a long distance from where you live. Unless you’re investing in an area with a large number of DOM, a house will likely sell before you get out to see it. Instead, here are your options: DIY. Look at the multiple listing service (MLS) listings yourself using a site like Zillow, call real estate agents, and arrange for virtual viewings of the home. If you like the house and want to buy it, you can do most of the work from your own home but you may need a real estate agent you can trust with such a big job. Network. Build a network of real estate professionals around the country, so you know you have eyes and ears all over the place. When you find a property you are interested in, you can rely on your opinion and expertise when deciding if you should buy the property. Use a marketplace. Using a marketplace like Roofstock , which specializes in buying and selling rental properties, you know you’re getting top-quality service. Roofstock does the research for you and can even certify some homes listed on their website, which makes them eligible for a 30-day money back guarantee. Many Roofstock properties come with renters already in them, too, making it easier to get started on your investment journey. No matter how you choose to invest in real estate out of state, it’s essential to know professionals who can help you. For example, if you use Roofstock to buy your property, they can recommend property management companies to help you manage the property. You’ll also need a network of contractors, lawyers, and financial advisors. It would help if you had a team that understands the laws, what homes in the area need, and how to help you increase your investment so you make the most profits. The Bottom Line Should you buy property out of state ? It depends on your finances and your preferences. However, with the proper research and due diligence, you may save money when buying a home and earn money on the profits–both on the monthly cash flow and when you sell the house. Invest in areas with high rental demand and above-average appreciation to ensure you get the most out of your investment. Diversifying your real estate investments across multiple markets is a great way to manage your risk of loss and your chance of significant profits. Most Popular Articles

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  • When was Roofstock founded?

    Roofstock was founded in 2015.

  • Where is Roofstock's headquarters?

    Roofstock's headquarters is located at 2001 Broadway, 4th Floor, Oakland.

  • What is Roofstock's latest funding round?

    Roofstock's latest funding round is Series E.

  • How much did Roofstock raise?

    Roofstock raised a total of $365.25M.

  • Who are the investors of Roofstock?

    Investors of Roofstock include Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, Canvas Ventures, SVB Capital and 26 more.

  • Who are Roofstock's competitors?

    Competitors of Roofstock include AlphaFlow, Arrived, Hometap, Doorvest, YieldStreet and 16 more.

  • What products does Roofstock offer?

    Roofstock's products include Marketplace and 4 more.

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