Author Topic: Home Union  (Read 2129 times)

Polish_Hammer

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Home Union
« on: February 17, 2016, 02:15:15 PM »
Does anyone have any experience with Home Union?  They are a real estate investment company in CA for those not wishing to be a landlord.  Not sure that the cost of having a hands off service for real estate investing would produce better profits than simply investing in a REIT.

Polish_Hammer

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Re: Home Union
« Reply #1 on: February 25, 2016, 08:49:02 AM »
Anyone?

GrowingTheGreen

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Re: Home Union
« Reply #2 on: February 25, 2016, 12:59:58 PM »
No experience, but since there aren't any replies then I'll throw in an opinion: be weary of people or companies like this for investing. How regulated are they? Do they have an outside accounting firm complete audits? I may be totally wacko, but stuff like this reminds me too much of Madoff.

Also, I feel that there are better places in the U.S. for investing in residential real estate. Why are they sticking to California?  How much are they relying on speculation in appreciation versus cash flow?

srob

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Re: Home Union
« Reply #3 on: February 25, 2016, 04:32:33 PM »
I posted a little bit ago about a company in Utah that did out of state turnkey investing, the owners of which are now being indicted for bilking 28M from investors in a ponzi scheme. It would be hard to know that something is amiss when getting involved with such a company until things start to fall apart, because even the established investors are initially happy bc they are getting their returns.

If you want something different from a REIT, you could try one of the crowdfunding realestate companies--realtyshares, realtymogul, etc. I don't have any personal experience with them, but have heard some positive things.

CashFlowDiaries

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Re: Home Union
« Reply #4 on: February 25, 2016, 05:23:15 PM »
Home Union is just a national turnkey provider.  They have low returns on their houses from what I have seen.

Although they do most of the leg work to get you up and running and provide property management and a tenant to start, i wouldnt go as far as to say its hands off.  You will still be the owner of the house and you will just have to manage a property management team.  You still have to do due dilligence on the house you are buying and the neighborhood.  Dont trust what they say.

At the end of the day, years from now when they are gone, you will have a rental house that is your responsibility.


Polish_Hammer

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Re: Home Union
« Reply #5 on: March 03, 2016, 02:03:25 PM »
Thanks folks. No such thing as a free lunch :)