The Modern Way to Buy and Own a Second Home
Pacaso offers a modern way to buy and own a luxury second home for significantly less cost and removes the typical hassles of homeownership. Pacaso buys amazing single-family homes in top locations and creates an LLC for each home. You can purchase the amount of ownership that meets your needs, starting at one-eighth.
Each home has a maximum of eight owners, and when the home has been fully sold, Pacaso does not retain any ownership.
Pacaso professionally manages the home, handling home design, cleaning, maintenance, bill payment, repairs, LLC oversight, taxes and more. You can use the company’s equitable SmartStayTM scheduling system to book stays in your turnkey home anywhere from two days to two years in advance.
How does it work?
SHOP
Explore Pacaso's collection of stunning single-family homes in the top second-home destinations. We'll help you find the perfect fit and you decide how any shared you want to own!
OWN
Pacaso creates a property LLC for each home, then finds and vets co-owners, and handles all of the sales details. At closing, the co-owners enjoy 100% ownership of the home! Pacaso does NOT retain any shares.
ENJOY
After the closing table, Pacaso moves to a property management role. They take care of furnishing, repairs, utilities, and property management. You just show up and relax! Scheduling is easy and equitable with their app and SmartStay™ technology.
Frequently Asked Questions
HOW ARE PROSPECTIVE OWNERS EVALUATED?
We vet all owners, who agree to a common-sense owner code of conduct. The home will be reserved for the exclusive use of owners and their guests.
DO I REALLY HAVE OWNERSHIP IN THE HOME?
Yes. Owning a Pacaso is true real estate ownership. You purchase a share in a property-specific LLC. The home is fully managed and designed specifically for co-ownership.
CAN I FINANCE MY SECOND HOME PURCHASE?
Yes. We have integrated financing available to offer our buyers. You also are welcome to use other sources of capital such as home equity financing or cash.
WHAT DOWN PAYMENT IS REQUIRED TO PURCHASE A SHARE OF A SECOND HOME?
Buyers can finance up to 70% of their purchase. A down payment of 30% is required.
HOW DO I SCHEDULE TIME TO USE THE HOME?
You book time using the Pacaso app, powered by our SmartStay™ scheduling system. It’s easy to use and equitable for owners, based on the number of shares you own. The system supports two types of stays: general and short-notice. General stays are scheduled 8 days to 24 months in advance, and each owner has access to a general stay that falls on a special date (e.g., federal holidays). Short-notice stays are booked 2 to 7 days in advance of arrival. See additional scheduling FAQs for more details.
WHAT IF I WANT TO SELL MY OWNERSHIP IN THE HOME?