After my first deal fell through on Roofstock, I began to reach out to individual wholesalers to learn about more opportunities. I researched quite a few without success when, seemingly out of nowhere (actually through a targeted ad), I was put in touch with the group I am now currently working with.

In general, my experience with Roofstock was positive despite the fact that the deal fell through in the very end.

We were finally able to get a response from the seller. This was 12 days after the original counter offer at the appraisal price was sent.

Even if you have an appraisal/inspection contingency, if you believe that the appraisal will come in much lower than the asking price, it may not be worth going into the investment as it is probably unlikely that the seller will want to reduce the price enough.

It is now a month after entering the contract and three days since I proposed my counter offer. I have not heard back from the seller, even though a response is legally due at this point per the PSA.

Three weeks into contract, the bank sent me requests for a non-refundable $400 earnest deposit as well as $845 for the appraisal bill. In regard to the inspection, Roofstock covered the cost through one of their certified inspectors.

After about two weeks into contract, I took a look at the numbers again and realized that the they were not looking good after plugging in the actual quotes that I was receiving.

6 days into the contract period, I signed an agreement with my PM and provided that info to Roofstock.

Roofstock has several recommendations for Property Managers that cover the area for my property.