3 ms·
Very similar model. We are currently operating in different markets (US vs. Mexico) and are targeting different properties (Pacaso is going after ultra luxury h
by rblack44 5y ago
Very similar model. We are currently operating in different markets (US vs. Mexico) and are targeting different properties (Pacaso is going after ultra luxury homes). We also have slightly different approaches to splitting up the properties. Pacaso only sells 1/8 shares for all properties, where we also offer 1/4 or 1/10 shares for certain properties based on demand. On the properties side we partner with developers in addition to acquiring existing homes so we are able to sell interest in homes that are not yet built, where Pacaso is only going after existing homes.
- dewski 5y agoPacaso allows you to purchase more than 1/8 of a residence, you can purchase as many 1/8 shares as you like. So in theory you could easily purchase 1/4 of a residence. Pacaso is also purchasing homes that are not yet built, for instance they’ve purchased two homes in North Lake Tahoe that are actively being developed. I am a 1/8 shareholder of a property in North Lake Tahoe through Pacaso and I love the model. Best of luck to you.
- rblack44 5y agoWe're fans of what Pacaso is doing. If nothing else they are proving out the market for this type of ownership model. Congrats on the home, I grew up an hour from Tahoe and have always dreamed of buying a home up there!
- atlasunshrugged 5y agoWhere an hour from Tahoe? I lived in Gardnerville for a chunk of my childhood
- rblack44 5y agooh nice! I grew up in El Dorado Hills, off of Highway 50
- atlasunshrugged 5y agoHa funny, small world. Well best of luck with everything!