HomeStrong believes in creating win-win partnerships to incentivize agents and benefit communities through shared success.

Mission Statement

HomeStrong USA is a nonprofit community development organization with a mission to “Create, grow, and sustain healthy communities across the nation through innovative housing opportunities, comprehensive education and counseling, and community and economic development.”

Vision Statement

 “Through HomeStrong USA and its partnerships, strengthened communities in America have overcome significant economic challenges while promoting positive sustainable changes to affordable housing and underserved communities.”

HISTORY

HomeStrong USA was formed in 1999 to provide relief to low-income and disadvantaged families through the sponsorship, acquisition, development and operation of affordable housing. Over the past 23 years, HomeStrong USA has grown into a multi-faceted community development organization with current program goals centered around revitalizing underserved markets across the United States. Focus is aimed at helping low-to-moderate income households and veterans while stabilizing neighborhoods by creating jobs and removing blight. HomeStrong USA is committed to helping our veterans. HomeStrong USA understands the importance in helping those that have served and those that continue to protect our freedoms. Improving the quality of life for our veterans by creating healthier and safer living environments is crucial to our success as an organization.

NOTABLE ACCOMPLISHMENTS

• Acquired, rehabbed, and sold over 1,200 properties to low-to-moderate income families and veterans across 37 states
• Owned, operated, and managed 120 scattered single-family transitional rental units
• Donated over 30 mortgage-free and rehabilitated homes to veterans
• Provided down payment assistance to more than 60 low-to-moderate and veteran families
• Provided more than $800,000 in critical home repairs for veteran homeowners
• Educated and counseled over 20,000 families and veterans  

HomeStrong is a nonprofit organization dedicated to expanding homeownership and improving community living standards. 

HomeStrong has been operational since [insert year], bringing years of experience in community revitalization and over X properties. 

HomeStrong has successfully completed over [insert number] transactions, demonstrating their extensive experience and impact. 

They have undertaken numerous projects, including property rehabilitations, community revitalizations, and veteran housing initiatives. 

HomeStrong primarily assists low-to-moderate income families and veterans, providing them with opportunities for stable housing and homeownership. 

Agents earn 50% of the profit after the property is rehabilitated and sold, plus 1% for relisting services* 

The goal of the nonprofit is to provide sellers with options based on their situation and to offer agents ways to get monetized outside of a standard listing. Here are the options we provide your sellers through our technology, helping you market to distressed homeowners and giving them the following benefits and you, the agent, ways to get paid:

1. Cash Offers and Quick Closings:

• Sellers can choose to accept an as-is offer, pick a closing date, and make no repairs. Once the title is cleared and documentation is signed, we can provide the seller with $10,000 to $20,000 prior to close of escrow to help them move, depending on the situation.
• Agent Compensation: Agents get paid any commission agreements with the seller, plus 50% of the profit for the flip and 1% for relisting. Agents can choose to give the 50% to sellers to secure the transaction.

2. Competing Offers by Local Investors:

• If the seller does not like the offer provided by the nonprofit, there is a marketplace with over 500 vetted local investors that will compete for the seller’s offers.
• Agent Compensation: Agents get paid by the buyer up to 2.5% of the purchase price, allowing the seller to receive competing offers and the agent to get paid without needing a standard listing agreement.

3. Home Renovation:

• Sellers can choose to have the property renovated through the HomeStrong United Program (not…”by the nonprofit”. I don’t want any implication that the NP is hiring the contractors/handyman or managing the work directly. Work is being completed by approved program participants) if there is enough equity. This option provides the seller with a higher net return and gives the agent a listing to sell the fully rehabbed property.
• Agent Compensation: Agents will get the relist at 2.5% if the seller agrees to list with you, providing a fully rehabbed property for listing.

4. Foreclosure Assistance:

• In foreclosure situations, the nonprofit can purchase the property prior to a foreclosure and resell it back to the homeowner after 12 to 18 months, as long as they can qualify. If they don’t qualify, the agent will have a listing to resell the property.
• Agent Compensation: If the seller does not qualify to repurchase the property, the agent will get a listing to resell the property at 2.5%. Agents can choose to participate in different levels depending on the compensation they prefer.

5. Flexible Listing Services:

• We provide flexible listing options ranging from a $95 listing to a 2.5% full-service listing. Agents can choose the service level that best fits the seller’s needs and still get compensated. 

There is no catch. Agents don’t need to bring any capital to the program. 

After the property is sold, you receive 50% of the net profit from the flip. There is a 10% construction management team cost taken off the top. We use cutting-edge technology for transparent tracking of expenses. The construction management company is an independent third party that absorbs costs up to 10% if they don’t meet timelines or profit margins. 

No upfront costs. You benefit from your expertise and the successful sale of rehabilitated properties. 

You will receive your profit share directly at closing from escrow, so you get paid immediately. 

There is no minimum submission requirement, but we require agents to understand flips and have experience providing or sourcing properties to avoid chasing the wrong ones. 

There are no hidden fees; everything is upfront with contracts specifying everyone’s roles and responsibilities. The program focuses on providing benefits for all service providers and ultimately aims to provide affordable housing. 

ARV is determined through market analysis and validated by experienced in-house analysts. The agent who brought the property and participates in relisting at 1% will provide their opinion of value. Ultimately, it is up to the seller to make the final determination. All participants share the profit based on percentages, ensuring everyone’s best interest in maximizing return while maintaining fair market value for buyers. 

We offer over 30 years of flipping experience and more than a thousand successful flips, creating a seamless and efficient process. By joining our program, agents become integral parts of this well-oiled system and gain invaluable experience in property flipping. This unique opportunity allows agents to learn best practices and professional techniques while earning, without the need for costly training programs. Bringing deals, participating in transactions, and utilizing our transparent and efficient technology, agents can clearly see each step of the process and enhance their skills through hands-on experience. 

Introduction: The goal of the HomeStrong United Program is to provide sellers with options based on their situation and to offer agents ways to get monetized outside of a standard listing. Here are the options we provide your sellers through our technology, helping you market to distressed homeowners and giving them the following benefits and you, the agent, ways to get paid:

1. Cash Offers and Quick Closings:

• Sellers can choose to accept an as-is offer, pick a closing date, and make no repairs. Once the title is cleared and documentation is signed, we can provide the seller with $10,000 to $20,000 prior to close of escrow to help them move, depending on the situation.
• Agent Compensation: Agents get paid any commission agreements with the seller, plus 25% of the profit for the flip and 1% for relisting. Agents can choose to give the 25% to sellers to secure the transaction.

2. Competing Offers by Local Investors:

• If the seller does not like the offer provided by the nonprofit, there is a marketplace with over 500 vetted local investors that will compete for the seller’s offers.
• Agent Compensation: Agents get paid by the buyer up to 2.5% of the purchase price, allowing the seller to receive competing offers and the agent to get paid without needing a standard listing agreement.

3. Home Renovation:

• Sellers can choose to have the property renovated by the nonprofit if there is enough equity. This option provides the seller with a higher net return and gives the agent a listing to sell the fully rehabbed property.
• Agent Compensation: Agents will get the relist at 2.5% if the seller agrees to list with you, providing a fully rehabbed property for listing.

4. Foreclosure Assistance:

• In foreclosure situations, the nonprofit can purchase the property and resell it back to the homeowner after 12 to 18 months, as long as they can qualify. If they don’t qualify, the agent will have a listing to resell the property.
• Agent Compensation: If the seller does not qualify to repurchase the property, the agent will get a listing to resell the property at 2.5%. Agents can choose to participate in different levels depending on the compensation they prefer.

5. Flexible Listing Services:

• We provide flexible listing options ranging from a $95 listing to a 2.5% full-service listing. Agents can choose the service level that best fits the seller’s needs and still get compensated. 

Sellers do not have to pay any fees to the nonprofit. Each seller pays their own standard fees and any commission agreements they have worked out with their agent. There are no additional fees the seller has to pay. 

If the property is tenant-occupied, the tenants must vacate at close of escrow. If tenants are staying and need to be evicted, the offer price will reflect the cost. HomeStrong may consider situations where cash for keys can be negotiated. 

Yes, the nonprofit HomeStrong (Let’s not refer to “the nonprofit”. Instead let’s say HomeStrong) buys short sales.  

You can choose to share the 25% profit with the seller or give it entirely to the seller to provide more incentive. This is up to you. 

If you don’t have a listing agreement, we can pay a buyer representation commission within the program’s guidelines. Agents are not allowed to double dip, and fees must be paid through escrow. Properties from wholesalers are considered under specific conditions. 

As a listing agent, if the seller chooses to sell to HomeStrong USA and you opt to keep the revenue share, you must disclose your participation to the seller. It is up to you and your broker to follow the proper disclosures. You must also disclose to your broker that you are participating. Ensure any disclosures and compliance are done according to local laws. If you or your broker are uncomfortable, the nonprofit will share the 25% back to the seller, ensuring everyone wins with full transparency. 

• Seller direct
• Wholesalers
• Anyone that can bring a deal  

Price and rehab

• Buy price under 750K
• Rehabs less than 100K
• Max Purchase Price 73% of ARV all-in
• Total Development Cost can not exceed 83%
• Minimum ROI is 14% cash on Cash

Construction

• Ideal newer than 1960 (exception based on conditions)
• Construction not to exceed 15% of ARV
• Maximum 30 to 45 days rehabs
• No foundation / Structural work
• Minimum to no permits
• Total project time not to exceed 120 Days
• The program avoids complicated transactions, ADUs, heavy permitting, and architectural plans.

The high desert, from the 605 Freeway East down to the 91 north and all the way out to Banning 

We buy properties up to $750K, depending on the area. The $750K cap is for higher price points in Los Angeles and Orange County. For the Inland Empire and High Desert, homes need to fit the low-to-moderate income buyers’ market. 

We only use pre-approved contractors and construction management services to ensure the process is strictly followed, leveraging our expertise for efficient project completion. 

Full transparency from initial evaluation, data collection, scope of work creation, cost management, construction management, weekly inspections, and detailed closing statements. No hidden fees. 

Reputable third-party construction management companies ensure timely and consistent work. Agents are welcome during the initial walkthrough and final completion but are not allowed on-site during construction for safety reasons. 

The third-party construction management company absorbs the cost if the project exceeds the budget by up to 10%. They are incentivized to complete projects efficiently and within budget, earning 10% of the construction cost or profit, whichever is higher. They get paid from escrow like everyone else. 

We will provide you with a portal to easily submit properties. The portal helps you stay in communication with the acquisition team and your seller. 

We provide data-driven offers, including construction costs and return on investment guidelines, so you can understand why we might pass on a property or make certain offers. 

While we maintain strict criteria for efficiency and consistent results, we can consider special circumstances on a case-by-case basis. These decisions are up to the nonprofit and funding partners. 

We are flexible and consider each property on its own merit. The nonprofit makes the final decision, and there is no obligation to purchase any presented properties. 

A minimum of 14% ROI is required for any acquisition. The 14% ROI is split 75% to Flip IQ and 25% to the agent. 

Our finance partners provide a combination of a first and second mortgage covering 100% of the purchase, rehab, and payments, up to 86% loan to future value. 

The lender charges two points (2%) and 11.99% interest, plus $1,999 for due diligence and documentation.  

The lenders for the first and second mortgages are paid first. Any resale costs, such as escrow, title, and commissions, are paid before profit distribution. 

• The first 10.5% of the 14% ROI (75%) goes to Flip IQ.
• The remaining 3.5% of the 14% ROI (25%) goes to the agent.
• If the 10.5% ROI is not met, the agent receives no profit share.
• Additional profit after the initial 14% is split 75/25 in favor of Flip IQ.

Example Profit Distribution Table

Item Amount

Total Profit (14% ROI) $100,000

Flip IQ (10.5% of 14% ROI) $75,000

Agent/Partner (3.5% of 14% ROI) $25,000

Note: Agents must set realistic resale prices to ensure their compensation is maximized. Overestimating the resale price can negatively impact the agent’s profit share.

Disputes are handled through a structured resolution process to ensure fairness. Everything will be disclosed 100%. 

No long-term obligations. You can participate in the program as it fits your business needs. 

To expand homeownership opportunities for low-to-moderate income families and veterans, while revitalizing communities and creating economic growth. 

Register for our weekly Zoom meetings, learn more about the program, and start submitting properties for consideration. 

As an agent, you have your own responsibilities, and as a buyer, we have ours. Flipping comes with risks like any other investment. It is up to you and your attorney to determine any liability. You will act as an agent in acquiring and reselling properties, receiving a revenue share and disclosing this relationship to your seller. 

Yes, you can exit the program at any time without any penalties. 

It’s a first-come, first-serve basis for properties. We have systems in place to track and assign properties exclusively to the agents who source them. 

The technology is designed to give sellers options, starting with a quick cash close offer and money before the close of escrow. Additionally, it allows sellers to receive multiple competing offers from local investors, choose for the nonprofit to fix their home for a higher resale value, and access foreclosure prevention programs. 

The technology streamlines operations, enhances transparency, and provides multiple financial incentives and flexible listing programs to best meet the sellers’ needs without requiring a listing agreement. 

There are no fees for agents to use the technology; it is provided as part of the program. 

The technology offers unique tools tailored for real estate agents, such as options for quick cash close, competing offers, foreclosure prevention, and flexible listing programs. 

The technology is owned by third parties and can be used outside of the nonprofit to help agents in other markets. 

The technology employs robust security measures to protect sensitive data and ensure privacy for agents and their clients. 

Agents have access to technical support and training resources to help them effectively use the technology and troubleshoot any issues. 

Yes, the technology is designed to integrate seamlessly with other commonly used real estate tools and platforms, enhancing its utility and convenience for agents.