Pacaso

Pacaso takes 12% upfront to sell 1/8 home shares for $125K

Shaan explains Pacaso buys homes, splits them into eighths sold for around $125,000 each (44 nights/year), and takes 12% of the purchase price upfront plus a recurring monthly management fee, reaching a $1-2B valuation in roughly a year.

“They go buy a million-dollar house, they convert it into slices of 1/8, so you can own 1/8 of this house for whatever, $125,000. You can buy a piece of this home, so you're a fractional homeowner, and it's meant to be for second homes.”