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Updated about 2 years ago, 12/21/2022

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3
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David Perque
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3
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Service to match up interested buyers/investors for vacation home

David Perque
Posted

I'm looking for a service/platform/forum where I can express interest in market(s) and can potentially match up with other buyers that are interested in being a co-owner (likely of an LLC) on a higher end property.

I'm not interested in Pacaso where I'm shelling out a premium for 1/8 share of a $4MM+ house - restricted from any rental income and basically paying hefty fees for calendaring and interior design services.

I'm interested in filling out a form that says I'm interested in Vail, CO (for example), open to 1/2 to 1/4 ownership of a Condo/SFH, have a budget of $500K (cash/finance) and generally need at least 3bedrooms. Yes/No on STR, we can figure out the calendar, rules on selling, etc. Basically do all the Pacaso stuff, but for just a few parties and simplify the whole thing. In a nutshell, I'm able to get my family into a much nicer home for our vacations and in exchange, may not have all our preferred dates every year, but all expenses are split. This seems like a bigger market than Pacaso's, but what do I know.

Obviously establishing the LLC and purchasing homes prime for joint ownership is Pacaso/Ember's "bread and butter" and allows them to already have the home so timing isn't as critical on closing, etc. And they don't have to have all the share's spoken for so they are essentially floating the debt until shares are sold.

Any ideas? This feels like something a Zillow could spin up relatively quickly given the data they have.

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