Experience or thoughts on Homeroom?

[Eric Inigo]

Hello Everyone,

New to BP and real estate investing. Wondering if anyone has had any experience with https://livehomeroom.com ? If so, what was your experience like?  They bring co-living to the Midwest and currently focused on Dallas, Austin, and Kansas City. They find homes, sell it to the investors, set up a lease with them with a set cash flow, and then lease rooms on behalf of their investors (100% turnkey during the lease, and free property management. Of course, repairs would come out of my pocket. It's an interesting model and considering it. Would love to hear your thoughts and experience, if any, with them. Thanks in advance!

[Account Closed]

Hi all, I'm a recent HomeRoom investor and want to chime in here to share my experience. I was interested in investing in the Austin area but obviously the market is really competitive and rents haven't gone up in line with the skyrocketing purchase prices so the numbers just weren't working. I was beginning to lose hope but then I connected with Johnny at HomeRoom and was immediately impressed. Although, to be honest, at first I thought it sounded a little too good to be true... totally passive investing? Guaranteed rent? I figured I would give it a shot and I'm really glad I did! The agent they connected me to was one of the best I've worked with - he knew exactly what HomeRoom was looking for and quickly found me a property that worked for them and for me. The house needed some work which normally would have been a pain for me but after close HomeRoom did everything. They acted so quickly the house was fixed up and I had tenants within 30 days of closing without ever having to talk to a contractor. Amazing! If you're considering HomeRoom I recommend you just reach out and have a call with them to see if it meets your needs. I'll definitely use them again in the future and I've recommended them to several friends. Good luck!