Roofstock, which makes it easier to buy a home as an investment property, just raised $50 million in new funding
Among these is Roofstock, a four-year-old, Oakland, Calif.-based online marketplace where buyers and sellers buy and sell rental homes in more than 70 U.S. markets — homes with tenants residing in them oftentimes.
The idea: Both institutional and retail investors can buy and sell homes without forcing renters to leave their homes; buyers can also presumably generate income from day one.
Though there’s an assortment of (huge) estimates out there, Roofstock pegs the single-family rental market at a whopping $3 trillion.
The company, which says it has facilitated more than $2 billion worth of transactions since launching, isn’t willing to talk about its post-money valuation (it has now raised $133 million altogether).
Last year the number of home sellers on Roofstock’s marketplace increased by 10 times.
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