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HomeUnion provides you with the financial data you need to invest in rental and real estate properties.
Are you looking to make more money by investing in the right real estate or rental properties?
If so, you may face the problem of lacking data and analytics-based decision-making in real estate investments. HomeUnion changes all that.
HomeUnion uses big data to measure and assess real estate properties and their associated neighborhoods in order to achieve the same risk-reward calibration solutions stock market investors use.
To find out more, read the following HomeUnion review.
What is HomeUnion?
HomeUnion is a company providing real estate investors with strong data to make the right investment decisions based on their investment location.
The agency utilizes an intelligent recommendation engine that helps real estate investors by taking their goals and financial information and providing access to portfolios and the right investment properties, including rental properties such as single-family rentals.
Don Ganguly, Chief Executive Officer (CEO) and founder of HomeUnion, founded the company to help investors find the right properties in the real estate market.
How HomeUnion Works
HomeUnion’s investment solutions involve several key steps, the first of which is using a search option to look through a map of neighborhoods with regard to monthly rent, cash flow, purchase price and cap rates.
The second step involves analyzing and reviewing financial details to help you source the right rental properties, which includes reviewing:
- Cash flow
- Asset management
- Asset acquisition
- Renters’ profiles
- Neighborhood trends
The third step involves getting pre-qualified using Mynd Mortgage and utilizing the bid range algorithm to bid on real estate and rental properties, while the fourth step involves closing the real estate transaction using either cash, Mynd Mortgage or your preferred lending company.
The fifth step involves managing the property, using property management services from Mynd and putting down payments on your mortgage.
The last step may include selling the property to make more money. Investors also make money through rental agreements.
HomeUnion makes money by providing investor services and products, such as a financial performance calculator.
HomeUnion reviews tend to emphasize the excellent benefits of HomeUnion services.
The different services provided by HomeUnion include full-service property management involving leasing and customer service, 1031 exchange and self-directed IRA services, a rental tax income calculator, neighborhood ratings, and informed investing services.
Both customers and investors benefit from such services.
Rental Property Marketplace
The rental property marketplace provides you with a list of numerous passive income investment properties, including exclusive properties, newly constructed properties, multi-family homes and tenanted rental properties.
The type of homes varies from two to four bedroom real estate and properties with one, two or three bathrooms. Any investor can find the right property for their needs.
Property management from Mynd involves picking the right property manager for your real estate investments.
A Mynd property manager can provide you with a rental income guarantee, an eviction protection plan and property damage protection.
The major benefits that real estate investors receive from Mynd property managers include full-service and results-oriented solutions.
You will also have access to advanced technology that improves efficiency and rental living conditions for tenants.
The financing options available at HomeUnion include Mynd Mortgage lending. Essentially, financing from HomeUnion and Mynd is designed for all types of real estate investors.
You will have a full range of options available for financing any type of single-family rental property.
The steps you need to take to finance a real estate investment include:
- Completing an online application.
- Talking to a loan officer.
- Accessing a pre-approval letter for your loan.
- Making an offer on a real estate property with Mynd Mortgage.
Mynd Mortgage consists of a full-service mortgage brokerage with loan experts who can assist you with investment lending.
You will have access to a complete range of financing options when investing in single-family rental properties.
Mynd Mortgage works by answering a few questions to get a pre-approval letter, making an offer on your preferred rental property and closing on the property in around 30 days.
Mynd Mortgage will perform the due diligence by handling closing documentation and ordering title insurance and home inspections.
Self-directed IRAs are becoming a popular way to purchase real estate properties in the housing market. HomeUnion provides a straightforward way to use IRAs when investing in real estate.
A self-directed IRA allows people to invest money for their retirement in a way that provides huge tax benefits.
Essentially, a self-directed IRA enables investors to put their money into private placements, notes, precious metals, tax lien certificates, and real estate properties.
Along with the tax benefits, a self-directed IRA lets you take advantage of a real estate property’s return potential and diversify your investment portfolio.
A 1031 exchange is a way to invest in real estate property where you can defer taxes. Further, you can use a 1031 exchange to take the equity in one property and trade it for new real estate properties.
Timing is the most important aspect of a 1031 exchange. When you’ve sold a property, you will have 45 days to find a replacement property and up to 180 days to close on the real estate.
Sell Rental Property
With Mynd, you can sell your rental property with fair pricing and no hidden fees. When working with Mynd, you will find a network of more than 100,000 buyers around the United States.
You can sell rental properties traditionally or through a 1031 exchange. You will find many individual and commercial investors in the network ready to pay a premium for rental properties.
These investors will be willing to offer cash and fast closings.
HomeUnion Fees & Minimum Investment
|Management fees||10.5% of the gross rent|
|Asset acquisition fee||3.5% of purchase price|
Who Should Use HomeUnion?
The ideal customers for HomeUnion include amateur and experienced real estate investors. Essentially, anyone who is interested in real estate investments would benefit from working with HomeUnion representatives.
If you have enough funds and interest to begin your real estate investment journey, contact the experts at HomeUnion.
How Does HomeUnion Compare?
5% of the gross rent
Higher of 0.5% or $500
.85% to 1%
Getting Started with HomeUnion
There are specific steps you need to follow when getting started with HomeUnion and the real estate investment process:
- Create a free account.
- Search the rental property marketplace.
- Assess the housing options and properties you’re most interested in.
- Obtain a mortgage loan preapproval letter.
- Bid on various properties.
- Start the transaction process.
- Decide whether you want HomeUnion representatives to manage the property.
I would recommend this company to anyone looking to invest in real estate whether you are a novice or expert. The entire process is extremely smooth from initially scouting out properties to the ongoing management. They have made the investing process both enjoyable and successful. Thanks HomeUnion!Kevin S., Verified Trustpilot user
I’ve been using HomeUnion since 2016 and have been pleased with the service I have received. They have met the projections that their algorithms produced, so you can’t ask for much more than that. I recommend the service to my friends and colleagues and plan to invest again in the future.Nick S., Verified Trustpilot user
Is HomeUnion a Good Investment?
HomeUnion will provide you with the financial analytics necessary to pick the right real estate investment property.
The major benefits of HomeUnion include the numerous properties and portfolios you can look through to invest your funds, in addition to many financing options.
Essentially, HomeUnion is a good investment opportunity for any real estate investor. As such, start with creating an account and filling out an online application with HomeUnion.
Check out the answers below to some of the most commonly asked questions about HomeUnion.
Is HomeUnion legit?
HomeUnion is a legitimate business where customers benefit from effective investment services, great neighborhoods and properties to invest in, superior data and dashboards, and other useful solutions for investors.
Essentially, HomeUnion will provide an end-to-end real estate solution in which their representatives will help you find a rental property using your investment goals and manage all land maintenance.
How does HomeUnion make money?
HomeUnion makes money by charging an asset acquisition fee of 3.5% out of the real estate purchase price when an investor buys a property from their platform.
Furthermore, HomeUnion charges a fee of 10.5% of the monthly rent for each rental property, which is a similar fee to other businesses.
What types of properties does HomeUnion sell?
The properties you can find through the HomeUnion platform vary greatly, ranging from brand-new constructed housing, single-family homes and rentals to properties on local listings and off-market real estate.
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