Roofstock Launches Real Estate Marketplace In Los Angeles

Roofstock, a startup which operates an online marketplace that lets investors purchase homes online as investments, has launched in Los Angeles, the company said on Thursday. The Silicon Valley startup, based in Oakland, says it allows investors to purchase single-family, rental homes. The company said Los Angeles is its 14th market. The company's marketplace offers inspections, valuation, title reports, and information on tenants and local property managers to its users. Roofstock called the Los Angeles metropolitan area an "increasingly important U.S. technology hub", and pointed at such local technology companies as Tinder, Hyperloop One, SpaceX, Hulu, and Snap. Roofstock already offers up its services in the Riverside/San Bernardino area.