Our goal is to meet your goals. Here’s a detailed guide for investing with HomeRoom. From assessing if real estate is the right type of investment to meet your personal financial goals, to putting the finishing touches to make your tenants feel at home — we’re with you the whole way.
1. Let’s assess your goals and how real estate investing fits into them.
As with any investment, you’ll want to carefully consider the risks, rewards and your financial suitability prior to making the asset a part of your portfolio. This is especially true of real estate investing. This brief assessment will help both you and HomeRoom evaluate if this is a good fit for all involved. Helping you reach your financial goals is important to us!
2. Let’s get to know each other.
Once we have a preliminary picture of your goals and financial suitability, we’ll schedule a call to answer your questions, talk through our working relationship and clarify expectations for both sides. Like any good relationship, communication is the cornerstone of our investor process.
We understand this step takes each investor various amounts of time to get to know us and get comfortable. We’ll schedule as many early meetings as needed to make sure you feel heard. You can use this link to book your first discovery call with us.
3. We get started, you get a lender.
Once you’ve decided HomeRoom is a fit for your investment portfolio, you’ll obtain a pre-approval letter from one of our preferred lending partners. Upon completion of both, we’ll begin sending you carefully vetted HomeRoom opportunities that meet specifically meet your financial goals. We typically have the capacity to add 3 houses per month to our management portfolio. As such, if a property interests you, we encourage you to notify us ASAP.
4. We move quickly from the offer, to purchase, to closing.
We start the home-buying process with you. We can answer any questions, help you conduct your analysis, and place an offer on your behalf. We’ll do everything we can to negotiate the best deal for you, facilitate a rigorous inspection process, and get it closed quickly (usually in 30-45 days from the initial offer.
5. Making your property rent-ready.
Congratulations! You now own valuable property in a prime US investment market. Over the next 60 days, HomeRoom will work diligently to make it just right for our young professional tenants. On day 61, the payment portion of our 38-month lease will begin. Typically our first payment will coincide with the final due date of your first mortgage payment.
It’s now time for us to say, “Thanks for partnering with HomeRoom,” and for you to relax, watch your returns start, and let us take excellent care of your valuable investment from here.