Description

My 5 Homes has stopped operations with the model below, as the management team has transitioned to helping owners buy quarter shares of individual homes, with a new company GoForth.

My 5 Homes gathered together groups of 21 individuals/families who collectively invest in 5 vacation homes - referred to as a "Homeset". The 21 individuals/families were owners of the company that owns the 5 homes. So, in addition to enjoying the homes for their vacations, the investors can also benefit if the value of the homes increases.

With just 21 members for 5 homes, it means that each family can potentially have 12 weeks (84 nights) of vacation time each year. Owners can also exchange for nights in other Homesets, enabling them to enjoy a variety of homes.

This model is closer to second home ownership, as each owner will have their primary vacation home where they can store personal belongings and potentially have their favorite week or weeks (including holidays) every year.

Each homeset has a unique theme such as:
- City, Beach, Ski
- All Beach Condos
- Outdoor Adventure, and more

If owners didn’t use any of their 84 nights, they will automatically be placed in the rental pool with proceeds offsetting annual shared costs, which could result in free vacations every year.

The founder and management team of My 5 Homes has a long history in shared luxury home ownership and usage.