Buyer + Investor
DubbleUpp and buy a home today.
Want to buy a home but find it’s too expensive? DubbleUpp and buy a home with no money down.
We are the first platform that lets buyers and investors buy together. Get a new home for no money down!
Why DubbleUpp?
No more waiting to save up for a down payment and closing costs. You can start enjoying all the benefits of homeownership; decorating how you want, having a sense of community, and start earning equity now.
Get into a Home Now instead of Waiting to Save
Start Building Equity vs Wasting Money on Rent
According to the Federal Reserve, homeowners have 40x greater net worth than the average net worth of renters
It's Less Expensive for Maintenance Expenses
Need a new roof or have a broken HVAC? Lessen the burden of repair and maintenance expenses by splitting them in half.
Don't know an investor? No problem.
Use our matching app.
Our matching app uses a compatibility scoring algorithm that helps you find an investor that fits your preferences and lifestyle.
Buyer + Investor FAQs
How long can I live in the house? Stay longer? Leave early?
This is intended as a starter home where you sell after 5 years and then take the profits to each buy a new home. You can always renegotiate as the initial term gets closer and figure out a solution that works for both you and your investor partner. There are also options to leave early and be able to see some of the profits.
In the DubbleUpp Agreement, there is a whole section dedicated to leaving early and how profits are shared, and any penalties. All of these sections have default values we give you as an advisor, but this is a contract between you and the investor, and anything can be negotiated.
What if I have pets?
Pets are OK with us but you will both need to give it the stamp of approval.
Who pays for property maintenance like an appliance needing repair?
All general maintenance up to a specified maximum is the responsibility of the buyer living in the house. The DubbleUpp Agreement spells out the maximum value. Anything beyond that maximum is split between you and the investor. Typical expenses that exceed the maximum include replacing the roof or HVAC system. A home warranty may help control costs of unexpected expenses.
Do I have to pay for anything upfront?
All initial expenses are covered by the investor. This includes any items paid in advance such as the appraisal or home inspection, items paid at closing like title fees and closing costs, and the down payment. The only items excluded are discount points and additional down payment if the house appraises for below sales price (appraisal gap). Because of the expected shorter term on this agreement, we don’t typically recommend paying for discount points. You can review your individual situation with one of our mortgage bankers if you want to see if it would benefit you. As for the home appraisal gap, this is a decision that will have to be discussed between you and the investor. Before putting in an offer, your real estate agent will give you a realistic idea of the estimated appraised value of the house. You can then have a discussion before putting in your offer so know who will be responsible for any extra amounts.
Who pays for large expenses like a new roof or HVAC system?
What if I want to do home improvements – how does that get divided up? Any home improvements will have to be negotiated between all parties owning the home. Depending on who will use the improvements, it may not be a 50-50 split. The increased home value should also be considered in the negotiation. If there is a must-have improvement, this should be discussed prior to closing on the house to make sure everyone is in agreement.
Can I DubbleUpp with an investor and someone else to help with monthly payments?
Can I DubbleUpp with an investor and someone else to help with monthly payments?Yes, this is something that can be done and is easily possible by adjusting the DubbleUpp Agreement. Adding a buyer to live in the property not only helps with normal monthly payments but can also give additional assistance by sharing in the major expenses. A home warranty may also help control costs with unexpected expenses.
What if we can’t agree on a house?
Some investors will be more hands-on with home selection and others will be more passive because they won’t be living on the property and they know you are an owner. If you are not coming to an agreement with the first matched investor, then we can match you with another investor who may be a better fit for your house requirements or is more passive.
Who pays for the difference if an appraisal comes in lower than the purchase price?
That is a decision that will have to be discussed between you and the investor. Before putting in an offer, your real estate agent will give you a realistic idea of the estimated appraised value of the house. You can then have a discussion before putting in your offer so know who will be responsible for any extra amounts.
Are there any qualifications to be a buyer?
If you are matching with an investor, we require you to have a credit score above 680 and qualify for the mortgage payment before adding the investor.
Are there any qualifications to be an investor?
Investors must have a credit score above 760, have down payment and reserves to cover the investment, and must have a DTI (debt to income) ratio below 45 before adding the home. These qualifications help ensure the investor will not adversely affect the loan. Generally, we find adding them will reduce the monthly PMI (principal mortgage insurance) because it is less risky when you add a second borrower.
What are the matching criteria?
With an investor, the matching criteria are based on location and the amount the investor wants to invest. Depending on how active the investor wants to be in the home selection, more matching discussions should be made before working together.
Let's make big moves.
Sign up today. It’s free. Whether you want to buy or invest. DubbleUpp makes it easy and accessible. We’ll guide you through the whole process.