Landed is a fractional home ownership service that helps buyers access the downpayment cash required to purchase a home in exchange for equity in the home. Landed focuses on helping essential workers in education, healthcare, and government jobs.
A buyer that has found a home they want to purchase will sign up for Landed. If approved, Landed will split the downpayment with the buyer, and the buyer will separately secure a mortgage. On the sale of the home, Landed shares 25% of the investment gain or loss.
According to most sources, Landed does charge any fees directly to borrowers but shares 25% of the investment upside or downside on the sale of the home. Landed charges a referral fee to partner real estate agents, which is likely in the 25-50% range.
Landed generates revenue by sharing a portion of the real estate agent commission on the sale of a home Landed co-invests in. Landed also generates revenue by investing alongside a buyer and generating revenue from appreciation in the home sale value, though this money contributes to a fund that is separate from Landed's core operations.
Haus is privately held.