(Co)Own homes

with friends

Let's transform the way we live, together.

Meet Tomi Contact Us

Welcome to the future of home (co)ownership

Meet Tomi Contact Us

The benefits of
home (co)ownership

Welcome to the future of
home (co)ownership

Create Wealth

Own sooner and accelerate your path to financial independence.

Save Money

Save thousands by splitting the mortgage, utilities, and other living expenses.

Win Together

Invest with (& in) your people. Create social and economic alignment with those who matter most.

Freedom & Flexibility

Sharing responsibilities helps you design the life you want with the people you want in it.

buy, manage, and sell homes with others

Meet ur Tomi Homi

How it works

Think of Tomi as the AI-powered technology layer for the homes you share. We help friends and family design custom shared home experiences to meet your individual and collective homeownership goals.

01 Design

It starts with you. Work with us to identify your personal goals, expectations, and motivations for shared homeownership. Whether you want to own with friends in the big city or buy a far away cabin in the woods with your family,

See if you qualify

02 Align

Once your buying party aligns on a plan for your shared home, we will work with your group to draft a Home (Co)Ownership Agreement that defines the rules, roles, and responsibilities of the shared home.

03 Qualify

Your Tomi (Co)Ownership Agreement + the Tomi Joint Mortgage Application = the right joint financing at the absolutely best possible terms

04 Close

Tap our network of specialized real estate agents, attorneys, and lenders to help make your (co)buying experience as seamless

05 Create

AI is making shared homeownership easier than ever before. Tomi's shared home concierge is trained on your data and designed to make your shared home twice as rewarding in a fraction of the work.

Get started today!

01 Design

It starts with you! Getting clear on your goals and expectations is the first step to creating a (co)ownership experience that's built to last.

See if you qualify

02 Align

Once your buying party is aligned on the basic structure, finances, and design of your shared home, we will help form the structure used to buy, manage, and eventually sell your property.

03 Qualify

With Tomi, you can be confident you are getting the right financing on the best terms.

04 Close

Tap our network of real estate agents, attorneys, and lenders who specialize in the home (co)buying process.

05 Create

Tomi makes home (co)ownership twice as rewarding with a fraction of the work.

Get started today!

Try our home (co)ownership calculator today

Search active listings across your favorite real estate sites and see for yourself how shared homeownership can impact your bottom line!

Works with:

Try our home (co)ownership calculator today

Search active listings across your favorite real estate sites and see for yourself how shared homeownership can impact your bottom line!

Works with:

Meet Tomi

FAQ

General Questions

What is Tomi?

Tomi uses shared homeownership as a way for you to socially and financially align with the people in your life who matter most.

Who is Tomi for?

Anyone in the US who is interested in owning property and open to owning with trusted family and/or friends

Why should I choose Tomi over traditional home ownership options?

Because we understand incentives better than anyone. Incentives and alignment are built into the fabric of both Tomi and shared homeownership. Home ownership lasts a long time (over 12 years on average) and we know the only way to ensure your shared ownership arrangment is successful is to make sure everyone's wants and needs are being met.

How does Tomi align with my financial goals?

By (co)owning real estate with others, you reduce your cost of living in the short-term while increasing your net worth (via appreciation) in the mid to long-term. Home ownership also offers an opportunity to generate passive income via rental.

Is Tomi available in my area?

If you are looking to buy in the US then YES!

How is Tomi different than a timeshare?

Timeshares have no ownership component invovled. When you signup for a timeshare you are paying for the right to access a property for a finite amount of time and on a first-come-first-serve basis. You also don't ever share the space with other (co)owners of a timeshare. With Tomi, you have the option to occupy the property however you and your (co)owners see fit - individually, together, some combination of the two. As a part owner of the property you also stand to receive the financial returns on the appreciation of the home that is in proportion to your ownership interest.

Financial Questions

How does the financing work?

In most instances we will help the buying party get qualified for a joint mortgage (if applicable). The financing for your buying party will ultimately come down to the collective needs and design of the group based on who's invovled and the home in question.

What are the costs involved?

Firstly, Tomi charges an initial transaction fee to help facilitate the home purchase by your and your buying party. The fee covers the costs associated with the creation of the legal documentation (LLC operating agreements, TIC or (Co)Ownership Agreement, (Co)Habitation Agreement, etc), and the work involved with getting each individual qualified for financing. In most instances, standard closing costs (commissions, appraisals, inspections, etc) will paid across the buying party. Secondly, in exchange for the ongoing services Tomi provides while owned by the Tomi Team, Tomi receives a 1% limited partner interest in the home (or holding entity), that will be realized whenever any interest in the home is sold.

Is my investment secure?

Yes! We only partner with regulated financial instutions on any mortgages and/or loans.

How do we handle property appreciation and depreciation?

All gains or losses will be realized on a pro-rata basis at the time the property is exited.

What happens if someone cannot continue their financial contributions?

The (Co)Ownership or TIC Agreement will govern the process for a whole or partial sales of the property. In most instances, the (co)owners will have the right to purchase the defaulting owners share, find another individual to acquire the defaulting owners shares, look to sell the entire property, look to sublet on behalf of the defaulting owner to subsidize the cost, or some combination of these options.

Can we rent the home if we want?

Yes - generating rental income is a significant consideration for home ownership considerations and we support Teams in facilitating the rental of the property.

Legal Questions

What legal structure does Tomi use for co-ownership?

The legal structure of the buying party depends on what the (co)owners are optimizing for (cost, occupancy type, tax considerations, flexibility, privacy, etc). The most typical structure includes the creation of Single Member LLCs for each (co)owner which will be the named owner/member of the property both on title and in the governing documents (ie Tenant In Common (TIC) or (Co)Ownership Agreement. Multi-member LLCs).

How are property rights allocated?

Contractually through the TIC or (Co)Ownership Agreement that we craft and customize with the participation of each (Co)Owner.

What is the exit strategy for co-owners?

The (Co)Owners agree to a no sale clause for between 3-7 years. Unforeseen circumstances may qualify for a pre-emptive sale. The (Co)Ownership Agreement will govern the process for sale, but as a limited partner, Tomi will work with the individual owner or owners to facilitate the whole or partial sale of the shared home.

How is conflict-resolution managed?

Humanely first, then through corporate procedures that are all explicitly outlined, discussed, and agreed to at the outset of program.

How are decisions made among co-owners?

Voting guidelines for various matters of importance are outlined in the governing documents. The rules around decision making and governance will all be discussed, reviewed, and approved by each member (co)owner in the (Co)Owner Agreement. Matters of importance will eventually be proposed, voted on, and resolved within the Tomi app.

Technical Questions

How do I sign up?

The first step is to see if you qualify by completing the Tomi Qualification Form. Once approved, you may start inviting prospective team members to begin the profile and design process.

Is my data secure?

All sensitive information is encrypted and stored in data centers located within the US.

How do I manage my property or portfolio on Tomi?

Property management and administration products are coming soon

What kind of customer support does Tomi offer?

Our Tomi agent is there to help you as needed, 24/7. If you have a specific or sensitive question that needs to be communicated to a live member of the team you can always reach us via:email: contact@livetomi.comweb chat: livetomi.com orby phone: 1.952.994.5546

Structural Questions

What makes a good (co)owners?

The best (co)owners tend to be the people you are closest with. The ones who understands how you communicate and manage conflict, as well as what you care about. A willingness to share sensitive personal and financial information is another factor.