Here makes it easy for anyone to earn passive income from the highest-yielding asset class in real estate through fractional ownership of vacation rentals. Get started with as little as $100 and purchase shares of the most desirable vacation rentals in the most enchanting destinations on planet earth for as low as $1 per share.
How you make money
Investors on the Here platform receive quarterly distributions of pro-rata free cash flow (rents minus fees, expenses, and additional reserve allocations) generated by the property, plus potential appreciation and tax benefits normally associated with direct property ownership, such as depreciation and expense write-offs.
How Here makes money
1. Here collects a sourcing fee based on the total value of the property offered on the platform. This fee covers services such as property acquisition, financing, buyer aggregation, underwriting, legal, and compliance costs.
2. Here collects an asset management fee based on the total asset value of each property on the platform. The fee is paid out of the income from the property each quarter. This fee covers services such as asset management, automated dividend distributions, and investor relations.
Is it safe?
Here is a privately held company headquartered in Miami, Florida, and has grown to about 10 employees. To date, the platform has raised $2 million in a seed round of funding.
Each property is held in an LLC and covered with property insurance that shields you from personal liability.
Investments on Here are subject to risk. Risks include, but are not limited to general economic conditions, illiquidity, complete loss of invested capital, subject to interpretation by the courts, and risks beyond issuers control. There can be no assurance that investment objectives will be met.