New Investor
Hello,
I have a bunch of questions as a new investor into real estate, especially through Home Union. I suppose listing them out would be easiest:
1.) When I invest, do I actual own solely the property?
2.). Home Union, finds tenants for the properties?
3.) Typically what is the minimum investment Home Union is looking for? Typically banks wants 20% of the homes value.
4.) How is the tenants monthly mortgage check divied up? Does Home Union take 1% of each check?
5.) Home Union takes care of all a problems a tenant may face (ex: broken water heater at 2:00am)?
7.) if and when the tenants move out, does Home Union assist in finding new tenants?
8.) Most importantly, say (for example) 30 years down the road when the mortgage is paid off, is the house deed in my name? Will I have complete ownership of the home once the mortgage is paid off?
Thank you for your time and consideration.