How does the process work?
You can join the HBU community for free by simply completing the registration process and developing an HBU profile. We encourage you to bring your own partner and allow us to provide the process to protect your mutual interest. Next you will want to get a background verification and have your partner get their background verified as well. Finally, we recommend all co-buyers complete a co-buyer agreement.
What are HBU's 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 background vetting process. We also provide access to lenders through our network. We understand it can be awkward to ask people you know to undergo important background checks without possibly placing the relationship in an uncomfortable position, so we are here to help you with that important step.
What if my co-buying partner defaults?
Our goal for our HBU membership is to do all we can on the front-end to set in place every provision we can to help prepare for challenges and if needed exit strategies. The buying partners will also have access to expert advice to avoid default by way of a co-buyer agreement that will spell out the intentions and responsibilities as well as ownership share for each party. We recommend this document be reviewed by the buyers attorneys.
What if I want to buy investment property?
Buying investment property and renting it out or flipping the property is a goal for many, but getting started can be difficult for one buyer on their own but two motivated and vetted members can do it. Our real estate agents can guide you through the process.
What if my credit is bad or non-existent?
If you need to work on your credit or create a good credit history you are not alone. In fact, according to Credit.com, "Only a small sliver of people have absolutely terrible credit scores, but plain-old bad credit? That’s a lot more common. Nearly a third of Americans have a credit score lower than 601 — the distinction between bad and fair credit — according to credit bureau Experian." Never fear we can help. Once you are a member we can recommend a resource to help you over time use strategies to build good credit.
How long will I have to stay in a partner purchase 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 HBU?
We encourage your support and welcome your ideas. We also welcome your shares, likes and subscribes with our social media!
Please also feel free to contact us and we will be happy to provide you with logos, key messaging and materials for your use.