Hello, I love the concept for the owners/tenants but what is my expectation as far as making money? Is it just from the resale value or do I get a cut of the rent based on my ownership? For the millennial generation (probably should capitalize the M?) I can see this taking off...

Hi Scott --- thanks for this question. Owners are able to sell their shares at market rate appreciation. Here's a sample of what we're anticipating for co-owners with our initial projects, if they hold for 5 years: Here is a sample breakdown of what a Co-Owner can earn over time investing in a share in our townhome project. Purchase Price: $150,000 Down Payment (10%): $15,000 (Don't have $15k? We offer down payment assistance up to $10,000) Monthly Mortgage (Principal, Interest, Taxes, Insura...

How will occupants be able to social distance and isolate in the event of illness or another pandemic? How are costs divided up in the event of unexpected repairs not covered by insurance? (a new roof needed in half the expected time for example, or damage to the common area d...

Hi Andrew -- thanks for this question. The people occupying each larger unit (4 in the case of the townhome, more in the case of our single family homes) each have their own bathrooms and kitchenettes, so distancing or quarantining is actually much easier in our model than it is in a traditional single family home where people are sharing bathrooms and don't have their own private kitchen option. As far as repairs, maintenance and improvement reserves are collected monthly (like an HOA) to co...

Hello, I LOVE your concept and am interested in investing, especially seeing how co-ops and tenants-in-common trends are on the rise here in southern CA. I think my biggest question is because it may be more of a model than product (?), how will there be exclusivity to what yo...

Good question. Existing single family houses and townhouses in urban areas rarely lend themselves to shared ownership, since they were designed for post WW2 families, not multiple adults. New buildings are required. The Co-Own Company will be successful because we have designed new urban residences specifically for a new ‘sharing’ age (Five years from now will 90%+ people in urban areas still own their own car?). Our architectural designs are protected works – they cannot be copied. Moreover,...

So once you sell your shares for a triditional home does this investment show that the said client was a first time home owner already? If so does it specify that it was a shared coop ownership or will it just show that they previously owned property?

Hi Chandra -- We're using share loans for our member residents, not traditional mortgages. We're still working this out with HUD, but our aim is that participation in Co-Own Company won't preclude people from participating in first time homebuyer programs, but it will allow people to build credit.

I love the concept and the plan. I notice that the jurisdictions listed for offering securities does not include a mention of international jurisdictions. I live in Ontario, Canada - am I able to contribute to this investment?

Yes! Investors do not need to live in the US in order to invest in this project. We're not surprised to see Canadians interested in the project because there are already many co-op, co-housing and limited equity shared housing models in Canada that are similar to this model. We'd also be excited to expand to Canada with the right partners!

The Co-Own Company

We are changing the future of urban home ownership by developing net-zero co-owned housing in the US

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Todd interviewed The Co-Own Company on February 12, 2021. Play Video

Todd Folk

Founder/CEO of AppApp 10+ years in the hospitality industry. Serial Entrepreneur, Tobacconist, & Rum aficionado.

Strengths

says, "Really unique way of tackling the problem of millennial and real estate equity - potentially a very sizable market. I do like that there are at least companies in Canada doing a similar thing - shows some level of product-market fit."

Advice

says, "I would really like to get a better grasp on real size of the current market and what the growth trends have been - as a urban living millennial, I can visualize how it can word, but don't really see quite yet just how large the opportunity is - drill that down and make it obvious"

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LEAD INVESTOR

Invested $1,000 this round + $40,000 previously

The Co-Own Company is presenting the best real estate deals that I have seen in more than 10 years. I have been an active observer of the crowd funded commercial real estate arena for the past five years. I have seen how the platforms initially (excluding Wefunder) created deals that were less than what they seemed and I know that a lot of early stage investors on the early real estate crowdfunding platforms were less than satisfied with the returns they received. Part of the reason for that was that the deal structures were set up to satisfy the investors in the platforms and to induce relatively unsophisticated but nevertheless accredited investors to invest in commercial real estate when they had previously been denied that opportunity in the past. With the Co-Own Company none of that applies. The Co-Own Company campaign on Wefunder is providing an excellent value in my opinion to not only these first stage investors but to any investors who invest with them long-term. This type of real estate structure is the structure of commercial real estate in the future. Single family homes are going the way of the dodo and the future portends that given the unaffordable cost of single-family dwellings all living arrangements will be based on coownership structures: The Co-Own Company is one of the very first companies in the space. It is led by a very distinguished and experienced multi-generational heir to a commercial real estate development family. Jason has done a great job of putting together the deal and I believe that investors will be more than satisfied with the returns.

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