Our Process
Co-Buy Investment Example
A four-plex for sale in Colorado Springs, CO: $750k asking price, negotiated down to $700,000. Two co-buyers would need $70k each. They could each live in one unit and still have two units to rent. The other two units can be used as short-term rentals. This plan would completely pay their mortgage and have no payment needed on the part of the investors. Cash flow between $2,000 and $3,000 per month per person.
*These examples are for illustration purposes only and is a generalized approximation. Each borrower’s ability, credit factors, and income are unique scenarios and must be considered prior to qualification and cash requirements for purchase.
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GoHomeBuyersUnite, #OWNIT
- United States
- Denver, Colorado
- 6232240842
- info@homebuyersunite.com
- Mon-Fri - 08:00 AM- 5:00 PM
If you are an Lender looking to help us serve co-buyers please complete the form. If you are a customer looking to connect with a member lender please complete the registration form.
F.A.Q.
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How does the process work?
You can join the community for free by simply completing the registration process and developing a profile. We encourage you to bring your own partner and allow us to provide the process to protect your mutual interest. As we add more investor members we will provide the option of working with a verified member of the GoHomeBuyersUnite network. However, with your current partner, we highly recommend you get background checks and then complete the co-buyer equity agreement which has very valuable language to help protect your interest.
What are the member benefits?
- Free membership
- Access to lenders and real estate agents
- Background checks
- Expert advice to avoid default
- Co-Buyer equity agreements
- Lower down payments
- Credit repair referral resources
- No sensitive data storage
- Stronger market position
Can I buy with someone I already know?
Absolutely! We encourage families, friends and acquaintances to join together to participate in the co-buying process. We understand it can be awkward to ask people you know to undergo important background and sign legal agreements for exit strategies, so we are here to help make that process smoother and prepare you for potential challenges during your co-ownership.
What if my co-buying partner defaults?
Our free co-buyer resources provide support for our co-buyers. Our agreements have been developed as templates by a real estate attorney and include provisions to help plan for events such as job loss, early sales, and much more. Buying real estate is a serious investment and we want to guide you thorough the process with all the right tools to help you protect your investment. Please note that we do recommend that your final agreement be reviewed by your own attorney or we can provide you with a review from our own lawyer for a nominal fee..
What if I want to buy investment property?
Buying investment property and renting it out or flipping the property can be difficult for one buyer, but two motivated and vetted members reduce the risk and investment. Our real estate agents can guide you through the process.
How long will I have to stay in a property?
The length of your partnership is up to you. You and your partner can agree to whatever time period works best for your partnership goals.
How do I support you?
We encourage your support and welcome your ideas. We also welcome your shares, likes and subscribes with our social media!
We will be happy to provide you with logos, key messaging and materials for your use.
We will be happy to provide you with logos, key messaging and materials for your use.
Investment Example
A HUD home for sale in Denver, CO at 20% below market - Have your adult son or daughter purchase the property as a principal residence, and you put up the down payment • Son or daughter gets an FHA 203k loan for 96.5% of the purchase price and all of the upgrade costs. One year after closing, son or daughter moves out and deeds property to an LLC of which you and he (or she) are partners.*
*This example is for illustration purposes only and is a generalized approximation. Each borrower’s ability, credit factors, and income are unique scenarios and must be considered prior to qualification and cash requirements for purchase.
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Co-Buy Real Estate #OWNIT
Please complete the registration form if you are a renter or co-buyer to gain access to our network, resources and process. You can also schedule a call with us here.
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Our Giving
How We Give Back
The next generation of America's leaders will come from all walks of life, including America's homeless. Join us as we give to America's homeless children. We will donate to the markets where we have transactions so we keep your investment going back to our member's communities.
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Areas of Giving
According to the National Center on Family Homelessness, there are one in 30 American children experiencing homelessness. That is about 2.5 million kids, and just over half are younger than six years old.
Learn MoreContact Us
- United States
- Denver, Colorado
- 6232240842
- info@homebuyersunite.com
- Mon-Fri - 8:00-5:00 Mountain Time . Schedule meeting here: https://doodle.com/mm/leenabellamayo/book-a-time
AGENT SIGN UP
GoHomeBuyersUnite, #OWNIT
- United States
- Denver, Colorado
- 6232240842
- info@homebuyersunite.com
- Mon-Fri - 08:00 AM- 5:00 PM
If you are an agent looking to help us serve co-buyers in your area please complete the Agent form. If you are a customer looking to connect with a member agent, please complete the registration form.
