Just heard about Roofstock, a website trying to make it easy to buy and manage single family rentals across the country. Anyone looked into it?
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I looked into it when I saw it on TV. It's basically a marketplace to buy/sell rental proeprties. It's not worth it since most of the properties are trash. You're better off looking on the MLS the traditional way and hiring a proeprty management company.
They are a young platform. I'm sure they'd love to offer that but they have to convince people to use them. I saw properties ranging from 50k to 1 million
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From what you have been saying it sounds like you would not like real estate investing. You have to treat it like a business and not like a mutual fund or ETF where you set it and forget it. It involves a lot of work that some people don't want to do, which is fine, might not be your cup of tea. The properties on Roofstock are meant to generate cash flow just like LC and not increase value through appreciation. Properties listed are going to be cheaper than in higher value areas like on the west coast, and typically older and may or may not need some TLC. But as you probably saw there are people who buy the proeprties listed on Roofstock.
INVH - problem solved. MAA - or the other one, Avalon Bay? - if you want apartments.
Reg FD: Owned by me.
I too have some MAA and AVB. Seems a whole lot easier than owning property.