Flock HomesReviews of flockhomes.com

All the staff was fantastic, transparent and patiently answered all of my questions during the due diligence phase. Chad especially was wonderful because he even drove down from Denver to Colorado Springs to have a meeting over coffee to discuss the investment opportunity with Flockhomes and answer questions. I did contribute one property and maybe doing more very soon! There were no surprises or questions they could not answer! I have not been able to find a better exit strategy for residential real estate investors up to four units and I am a long time actively licensed employing real estate broker here in Colorado for 32+ years and have also been a residential real estate investor since 1988. There are true tax advantages with this unique platform.

"Retiring" from being a landlord is not easy without incurring a large tax burden, but Flock enables this through an exchange that allows you to still profit from the value of your property - but in a much more diversified way - without the tax issues. They are very transparent throughout the process of the exchange, and valued the property fairly

The team at Flock was very transparent with their structure and process. They have thought through the issues and risks and have addressed them through comprehensive due diligence materials as well as appropriate structuring. Contributing my home was a seemless experience.

Flock Homes has of lot of competent and very approachable people who walked us through the 721 exchange and how it would work. There were no hesitations to answer any questions and we got to speak to several upper managers in the company, including the CEO. They fostered complete transparency in their process and they demonstrated a great strategy to grow safely the capital that we brought to them. They spent a lot of time and detail going over the inspections of the properties we exchanged and gave us sound reasoning for the valuations that were given for them. Although we were skeptical at first, they were able to develop a deep trust with us which convinced us to make this very important financial decision. They treated us with respect and gave us complete confidence that the exchange would move smoothly and that we would stay invested in the SFH market but without the hassle of tenant management. Since the exchange, we have been receiving quarterly cash flow and operating results in a very transparent way. The passion and integrity that this organization has showed us has given us complete confidence that this was the right step for us to exit from being landlords. Flock Homes offers an amazing solution for anyone who wants to stay invested, but not have the day-to-day hassle of property management.

We found everyone at Flock to be open, honest, and transparent. The entire staff, from our initial contact with Jeanette, to the founder, Ari, gave us any information that we needed to make an informed decision. We had our financial advisor, attorney, and CPA all interact with Flock and get information that was readily shared in order to help us make our decision to exchange our rental homes into the Flock family. We have been happy with the appreciation of our portfolio and also the after care that we have received from Danielle and Jacob. The only item that we felt was not explained in detail was the "top up" fee. Also the closing was a little stressful as we were trying to close on December 31st and a closing agent was not scheduled until the last minute. Other than that, we appreciate the exceptional communication that we receive from Flock and are convinced what this was a sound investment for us.

As a Chartered Financial Analyst (CFA) and former Certified Public Accountant (CPA) with 30+ years as a real estate investor, I found that a Flock Homes is the best solution for achieving true real estate retirement while maintaining the full stepped-up basis upon death.* The 721 Exchange into Flock means you: • Simplify: Delegate property management, repairs, and all tenant issues. • Eliminate the 1031 Treadmill: No need to find new replacement properties. • Maintain Tax Deferral: Benefit from a stepped up basis at death.* • Reduce Risk: Through geographical diversification, professional management, and economies of scale.  Unfortunately, I discovered Flock about the "7th inning" of my planned exit strategy from direct real estate investment. Before finding Flock, I used every available exit ramp: outright sales (triggering taxes), diversifying through numerous Delaware Statutory Trusts (DSTs), and Opportunity Zone (OZ) investments. While all got me away from dealing with tenants, they introduced their own headaches and risks. ESCAPING THE 1031 EXCHANGE TREADMILL The problem with DSTs is the continuous 1031 exchange requirement every 3 to 7 years. This forces the investor back onto a stressful "exchange treadmill," often when markets, interest rates, and property valuations are dramatically different, making future investment decisions less desirable and more difficult. The Ten Year forecasts tend to be guesswork, with an optimistic bias.  Opportunity Zone (OZ) funds have their place, but they mandate a ten-year holding period and typically offer several years with no cash flow—a difficult proposition for those wanting cash flow during retirement. FLOCK'S STRATEGY: MATCHING THE MARKET, NOT MAXIMIZING RETURN THROUGH LEVERAGE AND CONTINUOUS TURNOVER. Flock’s strategy is simple and perfectly aligned with the passive retirement mindset. Their goal is not to maximize returns through high leverage (which inherently increases risk). Instead, Flock aims to match the market returns(historically around 8-10% over the long run) while providing relatively stable quarterly cash flow in line with prevailing market rents. If your goal is to fully retire from the hassles of ownership, secure long-term generational wealth, and receive quarterly cash flow, Flock is, in my professional opinion, the best long-term asset management solution for those who own rental properties (up to 4 units) that meet Flock’s quality standards, in areas where Flock operates (currently 17 states).  *Nothing is perfect. There is still political risk. Congress actually eliminated the stepped up basis in 1976, but repealed it before it was to take effect in 1980. Since then, the idea has been discussed and endorsed numerous times, but so far the stepped up basis at death has survived.

Provides the taxation benefit of a "like kind exchange" without you having to discover the exchange on your own. Compared to a "buy and flip" type buyer, they work to establish fair market value and once you agree with them they move swiftly. They hire their own appraiser and inspector and pay the fees. The onboarding team is professional and polite. They move swiftly without being pushy. I did a TON of due diligence because this transaction amounted to roughly 1/4 of our nest egg. They audit themselves as much or more frequently than any non-public company I've ever known about.

Very thorough and transparent process. It has been a pretty seamless transition. And if you no longer want to deal with the daily grind of rentals, this is the way to go!