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Updated about 7 years ago on . Most recent reply

User Stats

98
Posts
16
Votes
Indra H.
  • Investor
  • springfield, MA
16
Votes |
98
Posts

home union

Indra H.
  • Investor
  • springfield, MA
Posted

Hello fellow investors,

Has anyone work with HomeUnion? If so, how was your experience?

thank you

Most Popular Reply

User Stats

7
Posts
5
Votes
Venkat B.
  • San Jose, CA
5
Votes |
7
Posts
Venkat B.
  • San Jose, CA
Replied

I had a call before thanks giving and considering to invest with HU.  Some of the costs associated with HomeUnion are

3.5 % of purchase price as Acquisition fee (one time). This helps purchase and manage rehab if needed.

1.5%   of purchase price as Asset Management Fees (Yearly).

75% of monthly rent as Leasing Fees. This is charged every time there is new tenant.

$1000 Repair & Maintenance Reserve  (refundable ).

Am I missing any other cost? How do you compare this with other TK companies?

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