Joseph
GBGreat service. Wish I knew about it sooner. From initial inquiry to tenants moving in our experience as a first time investor was great. Everyone took the time to walk us through the process and make sure we understood the process. We went from a low single-digit 401k to a double-digit investment property. Now we're hooked and scrambling to save for our next property, and our next, and our next...
Kenneth
GBHU Review I generally had a good experience through the buying process. My only concern would be that the online platform can somewhat understate the amount of cash equity needed to complete a transaction, especially if rehab is required. I'd consider changing how that's presented. Equity holders may need a bit more basis than what appears on the HU financials.
Tina
GBI used to like this company but... I used to like this company as I purchased my first property through them. The remodeling of the house is finished on time and the house was rented out on the targeted rent quickly. I have been receiving monthly rent for almost 2 years. Things started to change on my second property with them. When I purchased the property, their sales said "they are quite familiar with the market and the house is in good condition". None of those proved to be true after I purchased the house. Here are some main points: 1. The house remodeling finished on April, yet they did not started market the house until June. They claimed it's their system problem. 2. Apparently they did one more remodeling for "Marketing purpose", for which I didn't receive any notice from them until the place is rented out on August. 3. After two times remodeling total cost 10k+, they rent out the place at much lower than we have expected. 4. Mr Jeff Metz, as my main contact with HomeUnion, who I used to work happily with, only respond to my questions weekly after my original email and several follow-up emails and calls. After I ask for compensation for the rent loss due to the poor performance of the marketing team, one month passed yet still not hearing any solution from him. As an investor, I am quite disappointed not recommend definitely.
somkiat tomyim
THShort and sweet Short and sweet, I talked to a guy that only wanted to know what kind of money I was able to fork over to THEM, I was told that for a 100k house I would need $50k because they only work with real numbers...haha. That's 50% for purchase price by the way. My last purchase was $100k, 20% down payment, and 4% for closing costs, for a total of 24%. All these fees will never add up to another 30%. You're suppose to help investors. . This guy was wanting 50%. I get that we would pay a premium for out of area investing, but anyone could just hire whats commonly known as a real estate agent and only pay 6%. Bottom line , they are over priced, and basically not a company I would trust to treat you fair.
Inv
GBClearly Fake Reviews Clearly fake reviews. High acquisition fees that the investor needs to pay out of pocket.. Any other Realtor would take your business for free. Then your property management is subcontracted out and marked up so HomeUnion makes money on the service. You are better off calling a local Realtor in the area as you'll save a 3.5% acquisition fee and won't have to pay HomeUnion's additional margin that they markup on the Property Management side.