Pacaso offers a co-ownership model of home ownership which allows you to purchase anything from 1/8 to ½ shares of a home. They are located throughout the world and have been in business since October 2020. Pacaso was founded by ex-Zillow employees with a vision.
How Does it Work?
Pacaso buys homes in highly desirable locations in the form of an LLC. Once purchased they divide and sell the home into 1/8th shares with a maximum of eight owners. Once all shares are sold, the LLC is transferred to the owners and Pacaso becomes the property manager. Pacaso is then responsible for scheduling, cleaning, maintenance and upkeep of the property.
How Does Scheduling Work?
Pacaso uses an app that all owners have access to. Owners receive approximately 6-7 weeks per year and can book from two days to two years in advance. Dates and booking availability will depend based on peak seasons and holidays/special dates. Owners can reserve a set amount of usage dates based on the number of shares they own and then once a date is utilized they become eligible to book their next stay.
Perks:
Homes are turn-key, many with incredible views, high-end furnishings, luxury focused. They are pet friendly and the only fractional properties offering owner financing up to 70% of the purchase price.
Get the latest Tahoe info! Find North Lake Tahoe Realtor Kristen Pepin:
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