Own sooner and fast-track your path to financial freedom.
Cut costs by sharing the mortgage, utilities, taxes, and other living expenses.
Build wealth and strengthen your bond with the people who matter most.
Design the life you want with the people you want in it.
Shared homeownership, simplified. Tomi’s AI concierge helps trusted groups design, finance, and manage shared homes with ease, making home co-ownership more rewarding and stress-free than ever before.
It starts with you.
Want to own with friends in the big city or is that family cabin a few hours outside of town more your speed?
Our process helps you identify your personal goals, expectations, and motivations for shared homeownership, so you can communicate them clearly and confidently to your people.
Once your group agrees on a vision for your shared home, we'll draft a Co-Ownership Agreement that outlines the rules, roles, and responsibilities for everyone involved.
Get startedWe’ll guide your group through the process of securing the right financing, ensuring everyone’s contributions and financial profiles align with the best mortgage options at the absolute best terms.
Tap our network of specialized real estate agents, attorneys, and lenders to help make your (co)buying experience a breeze.
Tomi makes shared homeownership easier than ever before. With the help of your very own AI home concierge, co-owning a home with Tomi can be twice as rewarding while requiring a fraction of the cost and work.
Get started
It starts with you.
Tomi's onboarding process helps you get clear on your goals, expectations, and motivations for shared homeownership so we can create a home co-ownership experience that's built to last.
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.
See if you qualifyWith Tomi, you can be confident you are getting the right financing on the best terms.
Tap our network of real estate agents, attorneys, and lenders who specialize in the home (co)buying process.
Tomi makes home (co)ownership twice as rewarding with a fraction of the work.
Get started today!Search active listings across your favorite real estate sites and see for yourself how shared homeownership can impact your bottom line!
Run the numbersWorks with:
Search active listings across your favorite real estate sites and see for yourself how shared homeownership can impact your bottom line!
Run the numbersWorks with:
Tomi uses shared homeownership as a way for you to socially and financially align with the people in your life who matter most.
Anyone in the US who is interested in owning property and open to owning with trusted family and/or friends
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.
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.
If you are looking to buy in the US then YES!
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.
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.
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.
Yes! We only partner with regulated financial instutions on any mortgages and/or loans.
All gains or losses will be realized on a pro-rata basis at the time the property is exited.
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.
Yes - generating rental income is a significant consideration for home ownership considerations and we support Teams in facilitating the rental of the property.
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).
Contractually through the TIC or (Co)Ownership Agreement that we craft and customize with the participation of each (Co)Owner.
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.
Humanely first, then through corporate procedures that are all explicitly outlined, discussed, and agreed to at the outset of program.
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.
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.
All sensitive information is encrypted and stored in data centers located within the US.
Property management and administration products are coming soon
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
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.
