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Yeah that's a good point. I think Pacaso deals with it by not holding any ownership in the properties, so they're not actually selling shares. Their model just
by newman8r 5y ago
Yeah that's a good point. I think Pacaso deals with it by not holding any ownership in the properties, so they're not actually selling shares.
Their model just seems to be organizing an LLC with a special operating agreement, giving access to their app, etc. Almost like a legalzoom with a much bigger fee.
- sharemywin 5y agojust remember this regulators eventually catchup up and if it looks like a fish and smells like fish you can call it what ever you want. I'm not trying to say don't do it. just make sure you understand the legality.
- newman8r 5y agoAgreed - I hadn't really considered the SEC angle, I'll make sure I get proper legal advice for that as well.