CoHome is a real estate co-ownership platform that enables fractional ownership of properties, allowing individuals to invest in real estate starting at $100,000. This model addresses the high cost of homeownership by providing a structured investment opportunity that generates rental income and equity growth, particularly for students seeking affordable housing solutions.
Funding
Funding not disclosed
Founders
Product
Problem
High housing costs, particularly in college towns and urban areas, make full homeownership unattainable for many, especially students. Traditional renting offers no equity and limited financial returns.
Solution
CoHome provides a real estate co-ownership platform that enables individuals to purchase fractional ownership in properties, starting with investments as low as $100,000. This model allows multiple owners to share the costs and responsibilities of property ownership, making it more accessible and affordable. Co-owners can benefit from rental income generated during school breaks or other periods, as well as equity appreciation over time. The properties are professionally managed, handling rental operations, renovations, and profit distribution.
Target Audience
The primary target audience includes students, young professionals, and other individuals seeking affordable housing solutions and real estate investment opportunities.
Features
- Fractional ownership model allowing investment in real estate starting at ⅛ of the property value.
- Properties are fully managed, including rental operations, renovations, and profit distribution.
- Platform facilitates co-ownership with up to 7 other investors.
- Potential for rental income during periods when the property is not in use by the owner.
- Opportunity to build equity and benefit from property appreciation.
- Simplified financing options for investors.
- Resale support at market price when owners decide to sell their share.