Questions, answered.

Yes. You purchase a share in a property-specific LLC. The home is fully managed and designed for co-ownership. Your name is on the deed as part of the LLC. You own a real asset.

When you rent, you pay a landlord every month and build no equity. The landlord owns the property and you have zero stake in the outcome. With reSpace, you own the property, you build equity with every payment, and if the property appreciates, you benefit. You have a full stake in the outcome.

Buying alone, you need about $190,000 down, you carry the entire loan, and you handle all the maintenance and management yourself. With reSpace, you buy with co-owners committed to the same property, you only need $10,000 to start, your monthly payment is split, and reSpace handles maintenance and management. You can find your own co-homeowners, or we can help you find aligned people. You are not alone.

It is your entry point to co-ownership. You put down $10,000 and that is it, no additional down payment required. reSpace finances the rest through in-house financing. Your monthly payment covers your share of the loan, taxes, insurance, management, and maintenance. If you want a lower monthly payment, you can put down more at the start, but you do not have to.

Everything. We screen and onboard co-owners, collect payments, and pay the loan, taxes, insurance, and utilities. We schedule and manage maintenance, maid service for common areas, landscaping, and handyman services. We handle disputes and maintain the property and the reserve fund. You live there, build equity, and own something real.

Browse available properties at respace.co. When you find one you like, apply. You can bring your own co-homeowners or we can help you find aligned people. reSpace reviews your application and contacts you. If approved, we schedule a tour, you meet the other co-owners, you ask questions, and if it is a fit, we move toward closing. Application to move-in typically takes 4 to 8 weeks.

Basic information: name, contact info, income, employment, and credit history. This helps us make sure co-ownership is a good fit for you.

We screen applicants to make sure co-ownership is a good fit. If you are not approved, we give you feedback. You can reapply to other properties or work with reSpace to address any concerns.

Yes. We arrange tours for interested applicants. You can meet the other co-owners, see the property, and ask questions before committing.

You sign the LLC operating agreement, the loan documents if applicable, and the other legal documents. You fund your $10,000 membership fee and receive the keys. reSpace handles the logistics and coordinates with all parties.

Yes. If there are no available properties in your area yet, you can join the waitlist and we will contact you when new homes come available.

You own a percentage of the property and you are a member of the LLC that holds it. You have voting rights and a stake in the outcome. Everyone is aligned around maintaining and improving the home.

Your percentage is based on how much you invested and what you negotiated with the other co-owners. It could be 25%, 33%, 50%, or any split that makes sense for your situation. Your percentage determines your monthly payment and what you receive if the property is sold.

A Limited Liability Company is a legal structure that holds the property. You and the other co-owners are members. The LLC owns the property, and the members own the LLC. It protects you: your personal assets are protected and you are only liable for your share.

The LLC owns the property, and you and the other co-owners own the LLC, so collectively you own the property. reSpace does not own it. We manage it and facilitate the ownership, but we do not own it.

It is the legal document that defines how the LLC works: each co-owner's percentage, how decisions are made, how payments are distributed, what happens if someone wants to sell, what happens if someone stops paying, and how disputes are resolved. It is clear, documented, and protects everyone.

Yes, if you have the financial capacity and the other co-owners agree. You would refinance the property in your name and buy out their stakes, then own 100%. This is negotiated between you and the co-owners. reSpace can facilitate the conversation, but we do not make the decision.

The other resident co-owners. These are people who chose to co-own a home with you, not random roommates. They are committed to the property and the community, and we screen carefully for compatibility and commitment.

The operating agreement specifies it. Major decisions like selling or large repairs typically require a vote, with voting power proportional to ownership. Day-to-day decisions like scheduling maintenance are handled by reSpace or a designated manager.

The operating agreement specifies how disputes are resolved, typically through negotiation, mediation, or voting. reSpace helps facilitate these conversations and makes sure everyone's interests are represented.

No. You own a percentage of the property, not a specific room, and the home is for owner-occupants only. If you want to leave, you sell your ownership stake rather than renting it out.

You sell your ownership stake. reSpace helps facilitate it. You get your money back plus any appreciation, and a new co-owner takes your place.

reSpace and the co-owners set them together. They typically cover noise, guests, cleanliness, and shared space use, all designed so everyone can live comfortably and the home stays well maintained.

$10,000. That is your membership fee, and reSpace finances the rest through in-house financing. If you want a lower monthly payment, you can put down more at the start, but you do not have to.

Your monthly payment includes your share of the loan, property taxes, homeowners insurance, professional management, maintenance and reserves, utilities in some cases, maid service for common areas, landscaping, and handyman services. The exact amount depends on your ownership percentage and the property.

reSpace provides in-house financing for your share, with flexible options. If you prefer to use other capital like home equity financing or cash, you can. Most resident co-owners use our in-house financing.

Our in-house financing is built for how people actually work and earn today, including self-employed and gig workers and people with less-than-perfect credit. If traditional banks will not lend to you, we may have options. Talk to us about your situation.

No. Your monthly payment is transparent and includes everything listed above. If something unexpected comes up, like a major repair, it is covered by the maintenance reserve fund everyone contributes to. You are not hit with a surprise bill.

This is serious. If you cannot pay, you are in default on your ownership obligation and the LLC may act to protect the property and the other co-owners. Before that happens, talk to reSpace. We may be able to work out a temporary arrangement or help you find a solution.

Yes. You can work with reSpace to facilitate the sale, list with an agent, sell it yourself, or have reSpace buy it back for a hassle-free exit. You get your equity plus any appreciation. Your co-owners have first right of refusal to match your terms, and if they pass, the remaining co-owners approve any new owner coming in.

Your ability to sell depends on finding a buyer who meets your terms and gaining co-owner approval. reSpace keeps a network of interested buyers and some homes have waitlists. You have multiple exit paths, so you are not locked in.

You can ask reSpace to buy your stake back at fair market value, including your equity and any appreciation, for a hassle-free exit. You can also work with an agent or sell it yourself. The point is you have flexibility, even if it takes time to find the right buyer.

Every month a portion of your payment goes into a reserve fund that pays for repairs, replacements, and maintenance. When something breaks, the fund covers it, so you are not hit with a surprise bill. It is typically 10 to 15% of the monthly payment, depending on the property.

If major repairs exceed the fund, co-owners may need to contribute additional funds. This is rare. The operating agreement specifies how it is handled, typically split proportionally among co-owners.

The property is held in the LLC, not by reSpace. If reSpace went out of business, the property still exists and the co-owners still own it. A new management company would take over. Your ownership is protected.

Yes. Family members can be co-owners without living in the property. They might help with the down payment, or be the original owner who decided to share the home. They are part of the LLC, with voting rights and a share of the monthly payments.

Your parents can become co-owners and invest at whatever level makes sense for them. They do not live there, but they are part of the ownership structure. It is a way for families to help younger generations own homes while keeping their own financial stake. It is a partnership, not a gift.

That is a question for a tax professional. The implications depend on your relationship to the co-owner, your percentage, and your situation. reSpace can explain the structure, but consult a tax professional about your specifics.

Yes. A co-owner can be a friend, a business partner, or someone you have never met. What matters is that everyone is committed to the property and the co-ownership structure.

Yes. You keep your ownership stake, resident co-owners move in and own stakes alongside you, and everyone is aligned around maintaining and improving the home. You receive your share of the monthly payments and reSpace handles the rest.

A rental is a landlord-tenant relationship with built-in conflict: tenants want to pay less, you want to collect more. Co-ownership aligns everyone around the home being well cared for. The relationships are healthier and the property is better maintained.

If your lot allows it, yes. Build your dream home on the same land and let reSpace handle the existing home with new co-owners, or keep your home and build a reSpace home alongside it. Your land, your rules, your equity working for you.

Browse available properties at respace.co. When you find one you are interested in, apply and complete the form. reSpace reviews your application and contacts you.

Yes. Reach us at respace.co, email [email protected], or call (206) 222-6322.

We believe homes should be owned by the people who live in them, not by institutions that collect rent. We believe co-ownership is the future of housing, and we are building the infrastructure to make it possible. Affordability isn't a discount. It's a restructuring.