Steps to buying and owning a vacation home with Pacaso

At Pacaso, we don't just provide you with a second home — we create a delightful living space that’s ready for you to start making memories the moment you arrive. Our From installing "It takes a lot of intricate thought and detail, so you can fully enjoy your second home without having to lift a finger," said Lisa Christensen, Pacaso Home Onboarding Manager. "We think of everything, and that's one of the biggest benefits of being a Pacaso owner." Ready to experience the Pacaso lifestyle for yourself? Browse our

Pacaso adds new listings to our website every week, with luxury homes in more vacation home destinations starting at $200,000. With these new listings, we offer two ways to find and buy your dream vacation home. You can shop from hundreds of turnkey “Available Now” listings in 40+ destinations ready for you to own today. Or, explore third-party listings in your favorite community and rally your friends, family and network to help turn it into a Pacaso home. "We're empowering every homebuyer to curate their own slice of paradise,” said Pacaso CEO and Co-Founder Austin Allison. “This enables more individuals to enjoy vacation home ownership without the hefty financial burden, as we revolutionize the real estate market and crowdsource demand to influence our growth.” This “crowdsourcing” process puts the power in your hands. Here’s how you can unlock a third-party listing for co-ownership and buy a luxurious home in your happy place. 1. Show your interest We’ve selected the top 5% of active third-party listings nationwide that meet our high standards for co-ownership based on their amenities and value. Spot one you love? Simply tap “I’m interested” when viewing the listing page. Then, share the home with friends, family and anyone who might be interested in co-owning with you. 2. Reserve your share Are you seriously considering a home? Let us know by reserving your share with a refundable $5,000 deposit. Your reservations tell us which listings to prioritize. Once we get enough reservations, our team of vacation home experts will further evaluate the home with an in-person walkthrough and engage the listing agent with comprehensive questions to assess if the home is a fit for co-ownership. This evaluation enables us to make a competitive offer to the seller on your behalf. 3. Place your $10K deposit Once a home passes our initial evaluation and receives enough reservations, we’ll put the home under contract to close. “Under Contract” means we’re in the final steps of our 4. Start owner onboarding After we complete closing, we’ll start preparing the home for co-ownership by 5. Enjoy your new home “Available Now” Pacaso homes are ready for immediate ownership. These turnkey homes have been meticulously furnished and redesigned into elevated living spaces. Limited opportunities are available. If you haven’t already, you’ll want to contact our team to purchase your share. If you have, your home is ready for you to start making lasting memories! The power is yours With Pacaso’s expanded collection, you can find the perfect vacation home among hundreds of turnkey listings or explore third-party options to transform into a Pacaso home. Ready to start your co-ownership journey?

A multi-member LLC, also known as a MMLLC, is a limited liability company (LLC) with more than one member.  Limited liability companies are one of the most popular business structures in the United States. They’re used by all kinds of companies and organizations that want to add structure to their business and protect the personal assets of their owners. Commonly abbreviated LLC, There are two main types of LLCs: single-member LLCs and multi-member LLCs. Single-member LLCs are used for businesses owned by a single person. Multi-member LLCs are used for businesses with two or more members. This can be a partnership with two owners — or more than two members, as you’ll find in real estate co-ownership opportunities like the ones If you’ve never been part of an LLC before (especially if you’re new to multi-member LLCs), they can seem complicated. Here are the most important things you need to know.  Understanding multi-member LLCs How multi-member LLCs operate Multi-member LLCs (commonly abbreviated MMLLCs) and single-member LLCs operate almost identically. Like single-member LLCs, MMLLCs grant limited personal liability to their members. This means members enjoy some degree of personal asset protection as part of this business entity. This concept was borrowed from corporate business structures and ensures that members’ personal assets are protected if the LLC is threatened with a lawsuit.  How MMLLCs are taxed MMLLCs and single-member LLCs have some differences when it comes to taxes. They share pass-through taxation as a feature, meaning that profits and losses flow directly to the owners, instead of getting taxed as a corporationThat said, MMLLCs have to do some extra math to report earnings to their individual owners via an What types of businesses use multi-member LLCs Because of their relatively easy setup and personal liability protection, multi-member LLCs can be a good fit for all kinds of businesses. That includes friends going into business together, colleagues forming a new offshoot business, or a group of investors buying property together — like a vacation home, boat or rental property.  Why choose a multi-member LLC Multi-member LLCs are a common choice for shared business ventures. Family businesses, co-owned companies, married couples and individuals sharing property gravitate toward this structure because it protects all related parties from personal liability in terms of business expenses or debts.  MMLLC examples Here are a few examples of scenarios in which a multi-member LLC might make sense.  Takeaways In short, a multi-member LLC is: Common questions about multi-member LLCs Who can form a multi-member LLC? The LLC business structure can be formed by almost anyone collaborating with at least one other person on a business venture. Be sure to check any restrictions in the state where you live. Each state sets mandates for LLC eligibility, but most agree that as long as you’re 18 years of age or older, you’re free to join or form an LLC. Citizens and non-U.S. citizens are both welcome, as are entities like corporations or other LLCs.  How do you form a multi-member LLC? Because LLCs are regulated at the state level, you’ll first file articles of organization of your MMLLC with your secretary of state. Be prepared to make some decisions ahead of time and share some info when you register:  Do I need an operating agreement for my MMLLC? Having an LLC Once my MMLLC is set up, are there ongoing management tasks? Yes — in addition to running your business, you’ll be responsible for keeping your LLC in good standing with the state that issued it. While specific requirements vary state by state, the most common requirements include renewing necessary licenses and permits, filing an annual report, paying any required fees, holding member meetings and documenting meeting minutes, and reporting changes with the state. An example of a change in your LLC would be if members leave or if you start using a different management company. If you don’t comply with your state’s LLC requirements, you could be subject to fines or even a cancellation of your LLC.  Who manages a multi-member LLC? MMLLCs members decide how it is structured. Some multi-member LLCs elect one member or a third party to manage the business, which is called a manager-managed MMLLC. If the entire group participates equally in running the organization, it’s a member-managed MMLLC.  How many members can a multi-member LLC have? There is generally no limit on the number of members a multi-member LLC can have. These members can be individuals, corporations, foreign entities and even other LLCs.   What are the pros and cons of a multi-member LLC? The pros of a multi-member LLC include limited personal liability, unlimited members and a well-known and documented business structure. And, compared to corporate business structures, the pass-through nature of LLCs mean that your federal taxes may be a little less complicated. Still, it’s recommended to consult a tax professional before filing your federal tax return.  A major con to this structure is that an action of one or more LLC members can affect the others. For example, if one member participates in fraud or gets lax in their bookkeeping in regard to the business or property, other members can be held liable for their mistake.  Do my spouse and I need a MMLLC? If you and your spouse open a business, you may need to file for a multi-member LLC depending on where you live. Spouses in community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin) are already considered joint owners, so a single-member LLC will suffice. In all other states, a MMLLC is a good idea as it protects both partners if financial or legal struggles surface in the business.  How are multi-member LLCs taxed? Taxes are a little different between MMLLCs and single-member LLCs. Both LLC types use pass-through taxation, where profits and losses flow directly to the owners. When it comes to federal taxes, by default, multi-member LLCs are treated like partnerships unless they request otherwise. Similarly, single-member LLCs are taxed as sole proprietorships by default. The key difference is that single-member LLCs can file via their personal income taxes every year; MMLLCs need to give each of their owners a Schedule K-1 tax form to do the same.  There are two different tax classifications you can choose instead of the default pass-through: S corp or C corp. An S corp bypasses self-employment tax but taxes the owner as an employee. A C corp might appeal to a younger company because it allows stock to be claimed as an ownership investment. Like John and Miguel in the example above, you’ll be part of a multi-member LLC  if you choose to become a co-owner of a second home with Pacaso. Your Pacaso will be shared via a fully managed MMLLC specifically designed for co-ownership. When you’re ready to buy your second home, we’ll partner with you to purchase 1/8 of a home via a private, professionally managed multi-member LLC. This is called the Pacaso Home LLC. We take care of all the paperwork and find additional owners to purchase the other shares. Following closing, LLC co-owners (no more than eight per Pacaso Home LLC) each own respective membership interest(s) in the LLC, and the LLC owns the home. View our residential listings and

Fractional ownership allows multiple individuals to purchase property together and share usage rights. It’s a common practice among people buying big-ticket items like second homes, Because each party is only responsible for a portion of the full purchase price, Unlike timeshares, fractional ownership via a method like While a lot of factors go into deciding if fractional ownership is right for you, one of the most important considerations is how you’ll pay for it. Here are a few options for financing fractional ownership of a second home.  Types of fractional ownership financing Cash Of course, paying for your second home in cash is the most straightforward option — there's no financing application, no contingencies and, best of all, no monthly mortgage payment or interest charges. However, not all buyers have the amount of cash required to purchase shares in a property without Mortgage While not every bank or credit union offers mortgages for fractional ownership purchases, an increasing number do. It’s important to note that qualifying for a second home mortgage can be more difficult than qualifying for your first mortgage. You may need a higher credit score, longer employment history and a down payment of 20% or higher.  If you’re buying in a new vacation community, the property developer may offer financing through a banking partner as a way to encourage purchases.  Home equity  If you already own a home and have a significant amount of equity, you may be able to tap into it to purchase your second home. There are three different ways to do this. Be sure to explore your options with your financial advisor, mortgage broker or accountant.  Financing a Pacaso second home Pacaso is a popular choice for fractional ownership of a vacation home. Our unique co-ownership model allows you to buy a ⅛ share or more of a fully furnished and professionally decorated second home in your Buyers can pay for their co-ownership share in a Want to find your dream vacation home? Explore our

What’s more exciting than finally finding your The good news is that luxury is subjective, so making a home feel like the most opulent escape means decorating it to your taste. Still, you can take cues from some luxury interior design principles to transcend your space.  With help from our interior design team, we’ve pared those luxury interior design principles down to nine areas to pay attention to, and, for good measure, created some mood boards to inspire every room in your home. Now, let’s dive into that life of luxury that’s so you. What is luxury interior design? Luxury interior design is considered a more decadent form of interior design, be it through fine art, high-end furniture or hyper-functional layouts. But it’s also subjective, since everyone experiences luxury a little differently.  — Pacaso interior design team All this is to say that luxury interior design aesthetics can vary, but core principles of luxury design remain the same. What are the principles of luxury design?  There are Without further ado, let’s dive into each. Remember that all of these luxury interior design elements can be tailored to your specific style and taste. 1. Sustainable materials Believe it or not, a Salvaged wood ceiling beams, reclaimed stained glass in a front door, and cork lampshades just scratch the surface of a few sustainable materials you can use in a luxury home — and feel good doing it. 2. Prioritized comfort Luxurious interiors don’t need to be so decadent that you can’t interact with them. In fact, it’s quite the opposite. A luxurious home prioritizes comfort above all. For example, ditch your upright guest seating for a classic chaise lounge, or turn an office corner into a tranquil meditation space complete with floor cushions and a yoga mat. 3. Functionality Contrary to popular belief, a spacious home doesn’t necessarily mean luxury. Instead, functionality should be at the forefront of any luxury interior design project to ensure seamless interactions with the space. — Pacaso interior design team For instance, every seat should have a tabletop nearby to place drinks, books or other items. Every sink needs a plush towel within arm’s reach. And a faucet installed above the stovetop can certainly streamline the cooking process. These simple but intentional placements make for a sophisticated approach to a room’s overall design. 4. Curated lighting Lighting may be one of the most important design elements of any home because it affects how we see the rest of the interior design, like shining light on a piece of special artwork or a rare houseplant.  Light fixtures can even be a piece of art in themselves. For example, if a room teems with natural light, opt for a more ornamental fixture (like a chandelier with fewer bulbs) that doubles as a statement piece or focal point in a room. 5. Various textures A variety of textures can bring depth to a room and make for a more well-rounded experience. Remember that sleek surfaces bring a modern mood to a space, while fluffy Moroccan rugs can achieve a sense of coziness. Pair them together in a luxury home’s interior and you have multiple sensory experiences. 6. Innovative color palettes Clean white walls are rarely considered the apex of luxury interior design. Ornate wallpaper and innovative color palettes, on the other hand, speak volumes of the restraint it takes to fill a space. Dark walls, for example, can bring a bit of drama and grandeur to a room. Mixing patterns and thematic color palettes can also create a customized version of luxury. Keep in mind that the colors you choose can also affect your mood. Bright yellows might be great for an area where you want to focus and be productive, while shades of blue are ideal for areas of relaxation.  7. Primary (and secondary) focal points A focal point guides your eyes across a room, often admiring the secondary focal points along the way. The idea here is that you don’t need to be overwhelmed with what to give attention to in a room — after all, that’s not a luxurious experience. Oftentimes, a room’s layout determines the focal point in the room, like a fireplace in the living room or an island in the kitchen. But you can create a brand-new point, too. Sculptures or other pieces of art are one such example. 8. Consistent room designs What could be more luxurious than living somewhere that feels totally personalized to your sense of style? Marrying your style across the entire home means ensuring you have a consistent flow of the same flooring, color palettes, hardware and art pieces in every room. 9. Indoor/outdoor living Nature is known to soothe the soul, so inviting outdoor elements inside your home — and vice versa — is an excellent way to lead a life of luxury.  Whenever possible, create a sense of indoor/outdoor living by capitalizing on the luxurious exterior views of your home. Let your floor-to-ceiling windows sparkle uninterrupted by skipping the window coverings.  — Pacaso interior design team If the views are lacking, bring the outdoors inside with a variety of plants and earth-toned design elements. Luxury decor tips for every room Now that you know the principles of luxury interior design, it’s time to apply them to every room in your home — or second home.  Follow our Luxury kitchen design Luxury spaces with a high amount of foot traffic need to be as functional as they are beautiful. Depending on the layout and Prioritize the comfort of these spaces where people will be relaxing while enjoying a meal. This means being intentional about the seating materials and mood lighting you use.  Ditch the can lights for pendant lights that feature warm bulbs to transform kitchen island counter seating into a high-end bar.  Luxury living room design A luxury living room can be completely dedicated to lounging in maximum comfort or serve a dual purpose. Your living room can also function as a library, home theater or office space.  — Pacaso interior design team Due to the dynamic nature of lounging spaces, this type of room is the perfect candidate for a focal point feature, like a custom coffee table or sculpture. Luxury home office design If your luxury home office is less about work and more about recreation, then make custom cabinetry showcasing your rare collectibles or hobby projects the focal point of this room. — Pacaso interior design team Luxury bedroom design Luxury bedrooms are more than just a place to rest after a long day. Needless to say, comfort should be the priority of this space. However, luxury bedrooms can also benefit from other design principles like curated lighting and mixed textures.  If you want to feature a glamorous dressing parlor within your luxury bedroom, for example, consider differentiating that area with wallpaper or a chic room divider. To further separate the two areas and create contrast, play with softer textures for your bedding and the surrounding space. Luxury bathroom design It’s entirely possible to turn a luxury bathroom into a Luxurious materials like wood and stone also help add an indoor/outdoor feel to your bathroom. Sustainably sourced water-resistant materials like teak are great choices for bath tables and shower benches. Transform your counter space into a timeless vanity by incorporating natural lighting and a personalized storage system for your skincare products. Invest in high-quality towels for a luxurious finishing touch to your daily hygiene routine. Luxury interior design is all about what creature comforts are timeless to you. With these principles and mood boards in hand, you’re on the path to leading a life of luxury, no matter the size or location of your home or

As you browse Pacaso listings, you may notice this repeated phrase: “The home comes fully furnished and professionally decorated.”  One standout feature of a Pacaso is the But a Pacaso is more than just a pretty face! Beyond the visible design elements, our homes are supplied with all the necessities and special touches that make an owner’s stay relaxing and easy. And for families with children or grandchildren, we've made sure our Family-Friendly Second Homes™ are equipped with all the essentials for a comfortable stay — we want you to spend less time packing and more time having fun! Here’s a peek inside the cupboards and closets of our Pacaso homes.  Dining delights Whether your idea of a dream dinner is a homemade multicourse feast or takeout by the pool, we’ve got you covered. Kitchens are stocked with all the food-prep essentials and then some, including an array of high-end pots and pans, pizza stones, mixing and measuring sets, German cutlery, and all manner of bakeware. Plus, countertop appliances like multicookers, stand mixers, blenders and more make it fast and easy to whip up your favorite treats.  When you don’t feel like cooking, you can serve fresh bakery croissants or a charcuterie assortment in style, using our sophisticated white porcelain china and Portuguese flatware.  For your morning pick-me-up, choose from Nespresso or standard brew (or use the electric kettle for a spot of tea). When winding down, our barware collection caters to nearly every preference, whether you bring along red, white, bubbly or create a custom cocktail. Bed, bath and … BBQ Beds are fitted with quality linens, luxurious duvets and assorted pillows. Bathrooms are stocked with plenty of towels, hair dryers, a scale and magnifying mirror, and basic toiletries like shampoo, conditioner, body wash and soap.  For homes with outdoor entertaining spaces, you’ll find gas barbecues, fire pits, outdoor drinkware and dinnerware and patio furniture. If the home has a pool, we even supply floaties for added fun, while Work and play If you need to catch up on work during your stay, you can count on high-speed internet throughout the home, a charging station and, in many homes, a dedicated work space. Once you’ve logged off for the day, sit down with the family to enjoy one of the provided games, like Jenga, backgammon or cards. If you’re looking for more modern forms of entertainment, never fear — all Pacasos have smart TVs and streaming services so you can catch a show, tune into your favorite sporting event or keep the kiddos entertained while you enjoy a quiet moment watching the sunset with a glass of wine. Speaking of little ones, our Family-Friendly Second Homes are equipped with kid-friendly dinnerware and cutlery, a high chair, booster seat and Pack ‘n Play. And homes in beachfront and warm climates come equipped with beach chairs and pool floaties for bonus fun in or by the water. Household necessities Need to clean up some spilled spaghetti sauce? Or change a light bulb in the hall? While we focus on luxury living, we’ve also prepared our homes for those less-than-glamorous aspects of daily life. Mops, brooms, cleaning supplies, extra light bulbs and batteries, an iron and steamer, and even a mini-toolkit are provided to ensure you have what you need, when you need it, to handle the little details of your stay.  See the full list of

Kiawah Island is an ideal destinations for families, offering a perfect blend of natural beauty, recreational activities and a strong sense of community. Located near Pacaso Sales Executive Erica Trent shares the type of vacation families can expect to enjoy on Kiawah Island, and how our latest trending Pacaso listing is the perfect home base. With amenities like a chef's kitchen, porch, pool, home gym, cruiser bike and exclusive club membership, this Kiawah Island retreat provides easy access to the best of the island. Kiawah Island's commitment to safety and environmental preservation also ensures a clean, secure environment for children to explore and play. Plus, vibrant Want to co-own on Kiawah Island? Express interest in this trending listing now.

You’re considering becoming a homeowner but aren't sure you can afford to do it alone. This is where Here is what you need to know about co-ownership, including how it works, its benefits and drawbacks, the differences between co-ownership and whole home ownership and how to get started. What is co-ownership? Co-ownership occurs when two or more parties jointly own an asset such as a home. In this arrangement, all owners are listed on the asset's title, signifying that each holds a specific percentage of ownership. Opting for co-ownership means entering into a legal and financial partnership with the other buyers and an agreement about shared property access. How does co-ownership of a house work? Co-owners of a house share obligations like property taxes and mortgage payments. Each co-owner must agree to decisions like renovations made to the property. Co-owners are also typically Shared ownership homes may work through either a joint tenancy structure or a What is a co-owned home? A co-owned home is a property purchased and owned jointly by two or more people. All owners are included on the title of the home, and all parties hold a portion of ownership in the property. When you buy a shared ownership house with other buyers, you enter into a financial and legal partnership and a new living arrangement. Why is co-ownership on the rise? Co-ownership has traditionally involved a group of friends or family members coming together to buy a second home, or a child inheriting a house from their parents or grandparents. While co-ownership isn’t a new concept, it has become a more viable Types of co-ownership There are different Tenancy in common A tenancy in common (TIC) is for two or more people with an ownership interest. Tenants may have unequal investment stakes. For example, one owner might have an 80% interest with two co-owners at 10% apiece.  Often, this corresponds to the financial investment contributed at the original purchase. Unless explicitly stated otherwise in the deed, TICs do not have rights of survivorship. Property shares pass to an heir if a tenant dies instead of the remaining tenants. Tenancy in common is available for everyone, regardless of their marital status. Joint ownership All tenants are granted their deeds at the same time and, upon death, agree to pass the property on to their co-owners via survivorship rights to avoid probate. Owners must demonstrate the “four unities” to qualify: Community property Married couples may co-own title as community property in nine states: Arizona, Texas, California, Idaho, Louisiana, Nevada, New Mexico, Washington and Wisconsin. These states recognize couples as a single financial entity. A right of survivorship must be specified so that when one spouse dies, the other can automatically take over the title. Unlike JTWROS, there’s no guarantee of automatic survivorship rights. Tenancy by the entirety Married couples can also choose tenancy by the entirety (TBE) as their co-ownership model. TBE is a type of joint tenancy that comes with survivorship rights. This ensures the property avoids a costly probate process and passes immediately into the widowed spouse’s hands. Tenancy by the entirety views couples as one financial entity, so the property is considered to be owned by “one person.” Modern co-ownership Pacaso is an example of modern co-ownership, the new way to co-own luxury vacation homes. Modern co-ownership comes with some key differentiators, such as: Pros and cons of co-owning a home As an alternative to buying a whole second home, co-owning a house offers owners a unique set of benefits for buyers, as well as things to consider: What’s needed to start a co-ownership agreement? Whether you are doing Common elements of a successful co-ownership agreement include: Types of co-owners You can co-own a home with a family member, friend and even a stranger. The people you’re looking to co-purchase a home with could influence the type of co-ownership. For example, friends, partners and strangers might consider a TIC or joint ownership, while married couples might benefit from community property and TBE. Buying a home with other people is a major undertaking, regardless of the co-owner. Not only is DIY co-ownership challenging, but it also presents factors outside of your control. Job changes, financial disruption, health issues and other major life and lifestyle changes could impact each person’s commitment to the second home.  Co-ownership mortgage differences If you decide to purchase a home through co-ownership, you and your co-owners will likely take out one mortgage loan — unless you plan on paying all in cash. Advantages of co-ownership mortgages include: But you’ll also need to consider: If you are co-purchasing a home part of a TIC, you may qualify for a fractional loan that reduces your financial responsibility to only your loan and not your co-owner’s. However, Differences between a co-signer and co-buyer A co-buyer (or co-owner) is different from a co-signer regarding ownership and payment. Co-signers take full responsibility for a loan along with a primary signer, but they do not have any ownership rights to the home. In contrast, a co-buyer has equal or similar rights to other buyers co-owning the home. Another difference is that co-buyers are responsible for payment from the start of the loan. Co-signers, however, only assume responsibility if the primary signer is unable to make their mortgage payments. Selling a home with co-owners If you decide to sell your home, there are scenarios to consider: The first is where all owners want to sell, and the second is when one owner wants to sell their ownership interest but the others do not. If all owners of a co-ownership property decide to sell, the situation is less complicated, as there would be no debate over the right to sell. Outlining these terms in the co-ownership agreement from the beginning is critical. What happens when only one person wants to sell? With certain co-ownership models like tenancy in common or joint ownership, you have the right to sell your interest in the home. While you cannot sell without the permission of the other owners (as you do not hold sole ownership), you can still share your share at any given time once approved. The buyer of your share — which could be another co-owner — would take on the same portion of ownership that you held in the property.  H2: Co-ownership vs. fractional ownership While co-ownership and However, unlike timeshares, co-ownership and fractional ownership models provide deeded ownership, Tips for co-buying a house If you’re thinking co-buying is for you, here are some additional tips to consider: Co-own a home today Co-owning a home empowers people to own property and build equity while lowering the financial and logistical burdens of buying and owning a whole house.