How to Co-Own a Home

[Cody Anderson]

This is for all the 'co-own curious' folks out there.

I recently started a project aimed at making it easier and more affordable for people to co-own (and manage) homes together. 

If you have a property (SFH multi-family, apt, condo, etc) and you are open to/interested in owning it with others (friends, family, other investors) I wanna help you make it happen.

My goal is 1) to help you build the case (and financial model) for shared homeownership using real-life examples and 2) to get feedback from folks outside my network on the process i've created. I figure if I can get really good at helping people design shared home plans, then maybe I can create a business around it.

There’s no pressure or obligation here—this is just an opportunity for me to learn and help. 

Here’s what a 'co-ownership consultation' would look like:

- We review an active listing of your choice to:

• - Build a cost-of-co-ownership model for the property which includes:
  • - Individual ownership and ongoing cost assumptions
  • - Modeling potential rental income for short-term rentals
  • - Modeling financial outcomes from various exit scenarios
• - Tax benefits and considerations of shared homeownership
• - Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)
• - Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)
• - Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easier

If you're interested, here's what I'm asking:

• - You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.
• - You choose a property that’s actively listed and something you'd realistically be interested in co-owning

Shoot me a message if you're interested and open to 30ish minute chat.

Thanks!