How does investing work?
Essentially an investor (or group of investors) buys a house. They retain ownership of the house and they lease it to us for five years. We find, place and support the tenants in the house, do all the maintenance and target a 2% return on their total investment. This model is proving successful with tenants, churches and investors. The need for homes is limitless with the rise in levels of homelessness across the country.
“I love the fact that my investment is being used to help the poor.” Mr H, investor since 2011
Investors can be as little or as much involved in the purchase and refurbishment of their investment as they wish. Generally we look for three bedroom houses and put two tenants in. Each tenant has exclusive use of two rooms and share a kitchen and bathroom. Each house is then linked to a local partner church who provide mentoring and friendship to the tenants. Each tenant is assigned an experienced Hope into Action Empowerment worker who supports both the tenant and partner church.
Investors’ details are kept confidential from the church and tenants. As an investor, you will receive two reports each year covering the finances and conditions of the property and how the tenants are progressing.