1. What is the process?

1.  You apply for Bonus and receive your preliminary offer. You will also be assigned an investment specialist to help you with the process.

 

2. Once you accept the preliminary offer, Bonus sends out an inspector to your house to determine its value and the repairs needed.

 

3. After the inspection report and necessary homeowner documentation are received, Bonus will send you a final investment offer.

 

4. You get your cash and can begin the move out process worry-free! Need more time? Stay a while! We have rent back options to extend timelines and make moving a breeze!

 

5. Bonus takes over everything from repairs to placing the perfect tenant in your house, and you are free to sit back, relax and watch your wealth grow over time.

2. Who Owns My Home

We give you cash in exchange for a stake in the home as a co-owner for the duration of the program, but you will always remain the primary owner. Your name is the only one on the title of the home. We add a lien position on the property for our stake and when you sell or choose to buy back our portion of the equity, the lien will be removed. The option to sell the home or purchase Bonus' stake is at your discretion and can happen at any point after the 3 year holding period. 

 

The lien itself is recorded on the title but will not affect your credit score, as there is no hard credit pull, ever, nor are there payments or interest rates to report to the bureaus.

3. What happens to my existing mortgage and financial obligations?
If you have a mortgage on your current home, your actual home loan will not be touched or change hands. You will remain responsible for your mortgage lien, as you are still on the title of your home. However, we will take over making all the payments on time *on your behalf*. We will be recording a second lien on the property behind your current mortgage on title.

Using the rental income coming in from the tenant, we take over making the housing payments (mortgage, taxes, insurance, HOA, etc). We guarantee that all the payments are made on time and you will receive updates monthly when the payments are made on your behalf.
4. How does Bonus determine the value of my house?
After agreeing to your preliminary offer, Bonus will send a 3rd party inspector to evaluate the property and determine the current value of the property. You will have access to the findings from the inspector, and they will be the value used to determine the investment structure.
5. How much will Bonus invest in my house?
Our goal is to invest as much as you need for your next home. We will rely on you to determine how much you will be putting down on the next home and how much of that payment would be coming from Bonus versus your own funds. We are happy to cover the entire downpayment or just a part of it, in line with your unique situation.

After learning how much you need, Bonus will factor in the repairs needed on the home (identified during the home inspection) and present you with a final investment offer. Your investment specialist will walk you through the offer and options, as well as answer any questions you may have before receiving your investment.
How Does Bonus Work