Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on .

User Stats

10
Posts
6
Votes
John Santiago
  • New to Real Estate
  • Minneapolis- St. Paul
6
Votes |
10
Posts

Using Home Partners of America to get into the market

John Santiago
  • New to Real Estate
  • Minneapolis- St. Paul
Posted

Hello,

I've been doing a lot of research on how to jump into this market and stumbled upon this "Home Partners Of America" Company that will buy homes for you and let you rent them for a year with a right to purchase the property after that. Being that I am an FHA buyer in a cash derived market, who's to say I can't use these guys to get a property, rent it for a year, and have that property under a right to purchase agreement down the road? Also, the plan is the house hack the property right away during the rental phase and try to live for free.

I may be totally in the dark on this but Is there anyone that can critique this strategy or has any experience working with a company like this? Any advice would be greatly appreciated!

Thanks in advance guys!