Investing with USREEB

[Axel Meierhoefer]

I have some interesting offers from USREEB and would love input from the BP community about experience working with them, quality of renovations, customer service, and deals. Thanks in advance for your help

[John Jenkins]

I would review all documents. i bought my first single family home investment from them in KC. The purchase was easy and the "scope of Work" zach sent me looked like all the mechanicals would be replaced. The inspection found that water heater was 5 yrs old and furnace about the same. They said they replace/install the new appliances when the home is leased. So I incorrectly assumed they would replace the HWT and furnace/AC. NOPE.  I got a tenant about 6 weeks after closing, and they moved in July 1st. She did not have a functioning AC system for 2 weeks. They sent someone out but they did not fix the problem. Finally after that they replaced the compressor and that seems to have fixed the problem. I would get an inspection and THEN get it reinspected 90 days later to confirm all the repairs were done. I  did not /have not done that. Do not really want to disturb the tenant. 

Their management company is not good at all. I have not received my first distribution when I was told they were done/sent on the 25th of the month. So still waiting for my July money on Aug 9th? As a passive investor it should be just checking your account and seeing the money come in each month. Double check Zach numbers because the mgt company charges one full months rent to lease up the house when you get a new tenant so each year( new tenant) you really only get 11 months of income after the first tenant is in place. That changes your returns drastically. Maybe the tenant stays for a few years but that feels like alot one months rent, but that is the deal.