Operating Agreement

We bring together groups of four people, or families, to co-own a luxury vacation home anywhere in the world. We handle the acquisition, home set-up, legal, accounting, and property management. Owners also have access to all other homes managed by us.

Not even close. Timeshares are generally a way to access a small two-bedroom condo for the same week every year with no ownership of that unit. GoForth owners own a one-fourth interest in their dream home with their desired size and number of bedrooms, in their favorite destination, and enjoy incredible access to their home and many others for up to 12 weeks each year of their choosing.

Yes. Each home has four available interests. Each interest equals 25% ownership of the home. We have no ownership in any of the homes.

Homes may be anywhere in the United States, Canada, Mexico, Central America, the Caribbean, and Europe.

We use our vast network of international real estate agents and partners that we’ve nourished over our decades of experience in this industry. This includes on and off-market listings. Each acquisition is carefully analyzed to determine the maximum usage enjoyment as well as long-term appreciation.

Of course. During the pre-acquisition process, all owners have a chance to meet virtually or in person.

After closing, we’ll ensure the home is furnished to our high-end standards, and owner’s closets are set up for personal storage, along with electronics, games, and daily items needed for a fun vacation. Additionally, we’ll connect with the HOA where applicable, set up all utilities and Wi-Fi, lease a luxury SUV on behalf of the owners, hire housekeepers, and handle all maintenance and property management services moving forward.

Pacaso sells one-eighth interests in luxury vacation homes. We sell one-fourth interests in luxury vacation homes to owners with different travel time preferences PLUS access to all other homes we manage PLUS the ability to rent unused nights.

Using your mobile app, owners can reserve nights in their own home first before anyone else and then are given the chance to reserve nights in all other homes we manage.

We consider holidays as the four weeks in March (Spring Break), Christmas week, and New Year’s week. Owners can reserve at least one holiday week each year. Peak times vary by destination. Owners may reserve up to 28 continuous peak nights each year.

Prior to a home’s purchase, owners can protect any week (or a month in some situations) they want each year. This is our Peak Date Guarantee.

All unused nights will be available for rent to our database of renters. Owners receive a prorated amount of that revenue to offset their annual shared costs.

Any immediate family members over the age of 25 may use nights, including spouses, life partners, significant others, and any children.

Homes range in value from $1M to more than $10M. You select a price point that works for you and then we match you up with others looking for the same destination and price point.

Yes. Please consult your GoForth guide.

There are three costs for owners. The first is the initial purchase of their one-fourth interest. The second is their shared annual expenses (utilities, HOA, property management, etc.) split evenly among the four owners. The third is any housekeeping used during homestays.

Yes, at any time after 12 months. You set the price and we’ll market it to our destination waiting list as well as to all new interested parties. We make the same amount on resales versus new sales which incentivizes us to prioritize resales. This is our Exit Guarantee.

We create an LLC (or LLP for Canadians) of which the four owners are the sole LLC members. The home is purchased under the LLC.

No. Think of it as owning a second home with three friends but with a highly seasoned property management company along with a legal structure that promotes fairness and offers protection for each owner.

No, it’s much easier. We handle the entire transaction. The home is purchased by the LLC. And since it’s a cash purchase, the sale usually takes less than two weeks to complete.

We recommend a 10-year period to own and enjoy your home. However, owners may decide by a majority vote (for example, three of the four owners) to sell the home at any time. This allows owners to time the sale to favorable real estate market conditions if they want to.

From our decades of experience, we’ve found that almost all homeowners are respectful of their partners in the LLC. In the unlikely event that a homeowner does not pay their shared costs, we will take on the financial responsibility and liability of that owner, who may be forced to sell their interest.

All disputes are handled according to the terms of the LLC Operating Agreement. Your GoForth guide will provide the agreement upon request for review.

Yes.

Yes, any time 24/7. We provide all financials, budgets, balance sheets, purchase agreements, capital expense receipts, and all other related documents in a virtual data room accessible to owners 24/7. This is our Transparency Guarantee.

At any time after 12 months of the home purchase, owners may terminate our property management relationship through a majority vote if we are not performing up to standard.

Yes! Please ask your GoForth guide.