• Home
  • Co-ownership
  • Blog
  • Faq
  • Contact Us
  • Co-ownership
  • Blog
  • Faq
  • Contact Us
  • August 10, 2020

    Renting versus co-ownership

    July 20, 2020

    3 key things about co-ownership!

    June 12, 2020

    What is co-ownership?

August 10, 2020 /  Co-ownership
Renting versus co-ownership


Is the dream of homeownership still attainable?

Or has it become something from another, wealthier, more equitable time and place? According to Inc.com, 89% of millennial’s surveyed want to buy a home, but 67 percent will have to wait 20 Years or more to afford It.

With condos and homes selling above a $1000 a square foot, and excessive student loans, the reality is many of us have been priced out of the market in urban centers such as New York, San Francisco, Vancouver, and Toronto.

Before you give up on buying a home and settle for renting consider this: then and now homeownership is an essential part of personal wealth. Even the tax code and deductions are optimized for residential and investment property owners. These same benefits do not extend to renting.

Additionally, as a renter, you’re faced with housing insecurity. That means your landlord can and will increase your rent over time, sometimes beyond what you can afford. On the other hand, your monthly payment for a fixed rate mortgage will not go up as you continue to accumulate equity in your home and build wealth.

https://youtu.be/QIZGiSlSt-c

Fortunately, there is a way. Welcome to co-ownership, the evolution of buying a home.

What is home co-ownership? Also known as a tenancy in common (TIC), allows for the fractional ownership of a residential or investment property and has been around for a long time. This means strangers, friends, and family can jointly own a residential or investment property. Additionally, lenders now actively support TICs by offering fractional mortgages.

But before you jump in feet first, bear in mind that this type of homeownership is more complicated than traditional ones. You will definitely want to work with a real estate lawyer experienced with tenancy in common to assist you with this form of a home purchase and ownership.

Where do you go to connect with others interested in home co-ownership, as well as experts in TICs?

Glad you asked!

Sharetini is the free real estate dating and co-ownership app that will help you connect with other people looking to co-own a home or investment property in your area. As well, we will set you up with realtors, real estate lawyers, mortgage and insurance brokers, who are experts in tenancy in common (TIC).

If you live in Los Angeles, New York City, San Francisco, Seattle, Toronto or Vancouver and you’re ready to get started on your journey to home ownership, join the passionate community of folks interested in co-ownership for free at Sharetini. Visit Socialownership.org to learn more!

Sign up for our Newsletter!

Keep uptodate with the latest news about financial health and home co-ownership!


July 20, 2020 /  Co-ownership
3 key things about co-ownership!


Considering co-ownership? 3 key things you need to know!

Andy Sirkin, the co-ownership expert, discusses common problems and winning strategies for sharing the purchase of a residential or investment property

1. Types of co-ownership.  A look at the different forms of co-ownership available when sharing the purchase of real estate.

2. Common problems with co-ownership and how to avoid them. A deep dive into common issues and challenges and how a real estate lawyer experienced in co-ownership can help you avoid them.

3. What types of financing are available for Co-ownership. Which mortgage products are available for the different types of co-ownership arrangements.  ​​​​​​​

https://youtu.be/cInwyaOV6Ks

Sign up for our Newsletter!

Keep uptodate with the latest news about financial health and home co-ownership!


June 12, 2020 /  Co-ownership
What is co-ownership?


Ever thought about purchasing a residential or investment property with family or friends?

Well, you’re not alone, lots of folks are doing it in the U.S and Canada. Don’t believe us? Check out this great example of home co-ownership!

So what is home co-ownership? Also known as a tenancy in common (TIC), allows for the fractional ownership of a residential or investment property. In other words, each tenant in common owns a percentage of the value of the entire property. Strangers, friends, and family can jointly co-own a residential or investment property.

More importantly, aside from being an established form of homeownership, many mortgage lenders now actively support TICs by offering fractional mortgages. These individual mortgages, based on the co-owners percentage, mean peace of mind regarding financial liability and risk.

Additionally, co-ownership allows you to share the down payment on a home, the monthly mortgage payments, and ongoing costs associated with homeownership.

https://youtu.be/QIZGiSlSt-c

Say goodbye to renting and hello to homeownership!

Where do you go to connect with others interested in home co-ownership, as well as experts in TICs?

Glad you asked!

Sharetini is the free real estate dating and co-ownership app that will help you connect with other people looking to co-own a home or investment property in your area. As well, we will set you up with realtors, real estate lawyers, mortgage and insurance brokers, who are experts in tenancy in common (TIC).

If you live in Los Angeles, New York City, San Francisco, Seattle, Toronto or Vancouver and you’re ready to get started on your journey to home ownership, join the passionate community of folks interested in co-ownership for free at Sharetini. Visit Socialownership.org to learn more!

Sign up for our Newsletter!

Keep uptodate with the latest news about financial health and home co-ownership!




© 2020 Sharetini™         Terms & Conditions        Privacy Policy         DMCA