How Pairadime works
Real estate investment, minus the stress of tenants
Skip the risks that come with tenants by co-owning with a bank qualified owner-occupant.
What we do
We pair you with an owner-occupant to split the cost of a property 50/50. You get the benefits of investing in real estate minus the drawbacks of tenants.
Monthly cash flow
You pay half the down payment and mortgage, and collect a monthly occupancy fee from the owner-occupant.
Property maintenance
Because your co-owner lives in the home, they manage all maintenance and repairs.
Simple co-ownership
We provide a custom co-ownership structure that makes shared ownership clear and easy.
Frequently asked questions
Through our partnership with Vancity, we offer a joint mortgage that allows each person to choose their individual mortgage rate, term, and amortization. If one of you sells your ownership share, your part of the mortgage is transferred to the new co-owner. Your original co-owner will not need to refinance.
The owner-occupant pays half of the monthly mortgage payment plus an occupancy fee to the investor. The amount of the occupancy fee is set such as to create favorable economics for both parties.
Pairadime provides a turnkey co-ownership framework that covers all the essential mechanisms of property co-ownership, including expense sharing, maintenance, repairs, and exit process.
Yes, either party can sell their ownership share at any time. Your co-ownership agreement provides a process and timeline to help the non-selling owner find a new investor or owner-occupant. Pairadime can help.
The owner-occupant pays for and coordinates all routine maintenance. The cost of larger repairs is shared between co-owners.
