There are fees associated with becoming a Homemade partner. Accepted applicants pay a one time $5,000 non-refundable entry fee.
In our model, Homemade partners bring capital, and we as Homemade bring the rest. Think of us as your ‘GP’ or general partner providing operational expertise and you as our ‘LP’ or limited partner providing equity capital. As such, we don’t profit split: the upside of any partner project is yours to keep. Alternatively, the inverse is also true: we don’t guarantee investment performance and downside market risks are assumed by you as a real estate investor.
Our goal (as the ‘GP’) is to present new opportunities to you, our LPs, at roughly ~80% ARV. Given this, Homemade may also make affiliated fees on property acquisitions and construction management, referral fees from our trade vendors, and media sponsors. These are variable on a project-by-project basis - and are subject to change.