Get a Multi-Million Dollar Mansion for $300K?

[Jonathan Dempsey]

Interesting concept from the founder of Zillow where there is fractional ownership and flexible use of previously pipe dream homes. While this currently isn't primed for investors, the financing aspect of proportional shares is interesting. The unique financing of being able to go 50% LTV on 1/8 of a $2M to $10M mansion and use 1/8 of the time (while still owning the home as opposed to a time share) is a gamechanger. Now you pay a premium in fees and sale price on these fractions.

Let me know what you guys think of the concept and how it could be improved?   I have some ideas.  By the way, I am not affiliated with Pacaso.  Found it interesting and worth discussing.   Cheers!

https://www.pacaso.com/?utm_so...